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Helping a friend with two maxed out credit cards

Valued Contributor

Re: Helping a friend with two maxed out credit cards

Most dont realize they can pay many monthly bills with CC. and kill 2 birds one stone:

My mom would pay bills with bill pay or a check and pay her min on her cc and was barely making ends meet.

I had her pay everything she could with her CC and pay them bill amounts on her CC.

Electric, car insurance, heating, grogeries, phone bill, etc.

She gets cash back on her card to apply to the balance, bills are paid and reports lower balance so she saves interest.

By doing it this way she also met the cc min payment due and didnt actually have to come up with that "extra" so she applied it to the balance.

When your saving nickles, you have to think outside the box.


From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
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Message 11 of 12
Valued Contributor

Re: Helping a friend with two maxed out credit cards

What are the balances and companies? May offer better insight....

+AU on: 2008 Sears MC $2,001 | 2016 SEARS Store Card $2,001 | 2011 Synchrony Home $5,500 | 2003 FNBO Visa $9,900 | 2008 Macys Amex $3,400 | 2008 Kohls $2,000 | 2008 JC Penny $500 | 2016 TJX Mastercard $1,500 | 2018 AAdvantage Aviator MC $5,600 | 2018 HSN $4,500
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Message 12 of 12
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