"PIF"ed off!!

[thedaveytrain]

I just PIF my ratejacked Chase card! My savings took a hit, but at least my UTIL will drop! $2,000 more cc debt gone!!

[cajunboy2208]

Way to go Dave!

I wish I could get a CC company to give me a 2k CL, lol.

[thedaveytrain]

Thanks! My CL is actually $3,500, I just had a $2,000 balance. I had my largest CL on another Chase card ($8,700) until they dropped it to $2,200 a few months back! They told me they did it to all former Provid/Wamu cards.

[cajunboy2208]

You must have a long credit history.

Mine is very short, longest is 2 years, average being one year.

None of my cards have over 400 CL =(

Working on it though.

[MarineVietVet]

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@thedaveytrain wrote:
I just PIF my ratejacked Chase card! My savings took a hit, but at least my UTIL will drop! $2,000 more cc debt gone!!

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Good job. All you need to do now is use it every few months and always PIF and never pay interest again.

[DI]

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@thedaveytrain wrote:
I just PIF my ratejacked Chase card! My savings took a hit, but at least my UTIL will drop! $2,000 more cc debt gone!!

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Congrats! You did the right thing.  No need to have a lot of money in savings when there's a CC balance with a high rate in your portfolio.    

[voidman]

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@cajunboy2208 wrote:

You must have a long credit history.

Mine is very short, longest is 2 years, average being one year.

None of my cards have over 400 CL =(

Working on it though.

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That does not make sense?doyou have any baddies in the CBR?

[cajunboy2208]

I had 3 that were PTD...

They were medical.

[thedaveytrain]

Yup, I'm gonna put my cell phone or cable bill on it and PIF every month!