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Smart Shopper Stories from the Sales Frontlines
47909 messages, Last post on Nov 26, 2009 at 9:59 AM
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Replying to: cdnpinhead (Oct 27, 2007 4:41 am)  Mackabee |
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Replying to: mrsuzuki (Oct 27, 2007 6:21 am)  Mackabee |
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Replying to: joel0622 (Oct 27, 2007 6:36 am) Get credit after BK, use it sparingly but on a monthly basis, make your payments on time and have a balance of no more than 25% of your credit limit on your credit cards and you will be in good shape.
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Replying to: snakeweasel (Oct 27, 2007 7:20 am) Great Advice!!!!! |
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Replying to: snakeweasel (Oct 27, 2007 7:20 am) I have three credit cars one that is completly paid off, one with a small balance and one with a little over 50% of the credit limit used up. Would I be better off doing a balance transfer to spread that balance among the other two cards, interest rate is about the same on all of them, or just leaving it the way it is. I wasn't sure if it matters that my over all credit limit is well below the 25% mark but I have one card over 50%.
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Replying to: british_rover (Oct 27, 2007 7:30 am) One thing you should not do is close the one you have paid off as it could have a negative effect on your credit. Also to keep the company from closing it on you use it occasionally and pay it off at the end of the month. Maybe use it once in a while to fill up your tank. You should be ok as long as you make your payments on time.
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Replying to: richard64 (Oct 26, 2007 4:31 pm) Richard-- Watch out, this is a family forum. About a week or so ago I pointed out where J. had engaged in the use of a homonym--and it wasn't even in the airport men's room in Minneapolis!  Small wonder that J.'s wife is now watching his cyber-activities. Actually, I really enjoy all the peculiar mistakes, misspellings and misused words on this forum. Most everyone is guilty, including me. It adds some spice between the "stories", which, as everyone knows, are doled out infrequently. I'm married to a technical writing professor. One time I had her read some of the posts here. After reading about 10 posts she got this horrible look on her face. Later she confided that the forum reminded her too much of the work students submit.  Gogiboy
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Replying to: british_rover (Oct 27, 2007 5:29 am) When it was my turn, I was told that Ford Credit might not finance me. I was like why not, I got a 740 average and I and I am about 10 months ahead on the car I am trading in, enough so I had the dealer pay it off and get some back to put into the current deal. It took me longer than the other couple, but I did get 3.9% (same rate on my old loan). I think that Ford Credit wants people with bad credit so they can give them high loans, earn some money off them till they default, so they can get the car back and then sell it to someone else. People like me who pay more than the loan amount each month and pay it off are not liked as they do not earn the full interest on the life of the loan. LW
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Replying to: snakeweasel (Oct 27, 2007 8:27 am) |
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Replying to: richard64 (Oct 27, 2007 5:37 am) 
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