RoadRage wrote:After months which became years of unsucessful lower APR requests, I gave up on the CC companies and paid off balances totaling $4500 @ 18% and 22% APR with a 6.8% unsubsidized student loan. The student loan sat for 6 months before I started paying it back during my final semester in college.
I have savings accounts and just landed a good paying job and have other accounts inluding a mortgage all on my credit report.
Will future lenders be able to see through me in what I've done? (the two cards were paid off in multiple payments over two billing cycles)
Yes my credit cards are paid off, but my total amount of debt owed remains the same to a degree.
I chose to do this as 6.8% in one account is more managable than 18% and 22% in two accounts, and was tired of carrying that debt.
I hope to start improving my score for a potential auto loan sometime this year through my new employer - a national bank.
My concern is, will the bank see what I did and see it as a negative in any way?
As long as you do not incur new CC debt, and work diligently to pay off your student loans I don't see anything wrong with your approach... I'm assuming that the CC debt was incurred while you were in school to pay for things like food, books? The government gives you the option to take out these unsubsidized loans knowing that sometimes subsidized loans, grants, and scholarships do not pay for all your expenses. Congrats on landing the new job, and good luck in continuing to work on paying those CCs off.
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