Right way to pay off debt in lump sum?

[NoMoreE46]

Paying all of the cc

debt off is good-  I will ask if you considered doing a 1031 exchange?

[FicoMike0]

@NoMoreE46 @

will ask if you considered doing a 1031 exchange

Wa'choo talk'in  ' bout, willis?

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[NoMoreE46]

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@FicoMike0 wrote:

@NoMoreE46 @

will ask if you considered doing a 1031 exchange

Wa'choo talk'in  ' bout, willis?

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Sorry-let me clarify.  A 1031 exchange is a way to defer capital gains for investment property.  

[FicoMike0]

Probably more complicated than just not reporting it? Roflol.

[MissLiz]

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@SouthJamaica wrote:

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@Ragnar375 wrote:

Just minimum payments and interest were over $1000 per month! 

Everything now 100% paid off. 
So I'll likely be back in a month saying

my credit score  dropped or didn't go up as much as I though it should have, 

At that point people will jump on and declare how I should have left $x on card(s) A, B,C.  

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Congratulations. I think your scores will be just peachy

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I agree with @SouthJamaica   You'll be surprised how much your scores improve, especially if you followed AZEO. Congratulations on paying it all off!

[Thomas_Thumb]

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@Ragnar375 wrote:

Just minimum payments and interest were over $1000 per month! 

Everything now 100% paid off. 
So I'll likely be back in a month saying

my credit score  dropped or didn't go up as much as I though it should have, 

At that point people will jump on and declare how I should have left $x on card(s) A, B,C.  

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As it should be. I'm here for the show. Make it good!