Re: 2010 Credit Card Goals
01-02-2010 07:37 AM
Want2BDebtFreeNow wrote:I have both Quicken and MS Money. The only problem is that they don't take into consideration when you have multiple aprs within one credit card. I am going to take care of those balances first (in feb) and then follow the plan based on APR.
A DMP program will reduce or even eliminate your interest rates and save you money and get you out of debt faster.
Not that kind of program. A Debt Management Program. (And not a Debt Settlement Program!)
Most of my CC's already have the new payment application provisions in place. Make sure you understand the T&C's for your accounts and avoid making minimum payments while carrying a large debt load. Your issuers are paying attention to what you're doing!
I am going to pay my bills the old fashion way, I charge I pay. I knew the terms and conditions going in. It might take me 4 to 5 months longer to pay, but I will have paid every cent that I owe. In regards to my T&C... At this point I don't care what the credit cards do. If they want to close my accounts because I am paying the minimum then that is up to them. Eventually I will only need 1 or 2 credit cards anyway. About a year ago, the month after I made a $5k to BofA to bring my balance to $0 they closed my account. To me its a lose lose situation with CC companies.
5 inqs in the last year - October 25, 2012, July 05, 2012, July 03, 2012, June 18, 2012, February 16, 2012
(Report reads them as 3) Your applications for credit in the past year
Last account opened June 2012
Average age of your accounts
Number of your accounts with a missed payment
Ratio of your revolving balances to your credit limits