After lurking for a while on the forums I finally decided to officially join. At 46 years old, I think I finally get it! Using credit cards has always given me a natural high and that feel good moment of owning a new toy or whatever I purchased. After struggling for years to make just my minimum payments I have recently been as you guys put it "gardening" for a little while and getting my debt paid down. I honestly could not have done it without all of the knowledgable members in these forums. Thank you to everyone for all your insights and wisdom. I highly recommend any new members to read, read, read when you join!! What a stress reliever knowing how close I am to finally feeling like I have succeeded in life!
I have about 2 more months and all of my credit card debt will be paid off. My CK FAKO scores are currently 732 TU and 721 EX which is a huge improvement from where I was at just 12 months ago. I figured I would pull all 3 FICO once all of my cc debt is paid off, of course I will keep 1 credit card with a small balance (under 7% uti). I currently don't have a car payment and only have $12K left on my mortgage (2 years) and I will be debt free! I do have a few lates and 1 collection that I'm trying to get removed by GW letters.
My current car is 10 years old and I was thinking of buying a new one (actually will be a used one) in 2 years. The question I have is should I purchase the car a few months before paying off my house? I figured I would lose a few points when I pay off my house since I will essentially be debt free at that point but wasn't sure if the point drop would be dramatic or not. What are your thoughts?
US BANK - $5K, VENTURE - $7.5K, AMEX BLUE - $2K, CAP 1 PLAT - $3.5K, CAP 1 PLAT - $2.8K, CAP 1 PLAT (HSBC) - $750, MERRICK - $2.7K, JCP - $1.5K, JUNIPER - $650, DELL - $5K, PAYPAL - $1.7K, AAoA - 8yrs + 9mo. FICO Goal 800
