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Everything posted by gprncss

  1. I am grateful to my parents for teaching me at an early age about the responsibilities of money. If I have the cash to buy it and it's a need I would, if not I just dream until that day. I would LOVE to get some BIG screen TVs and the sophisticated stereo systems in our house too but I can't see myself charging for them, knowing I can't pay them off right away(considering our other responsibilities) and I'm not putting money away for them either, oh well. Maybe I'll win one some day Our Debt is at about $3000 this year I am about to change all that! and bring it down to $500 like LNY
  2. ...This may have already been said,worth repeating http://moneycentral.msn.com/content/Savinganddebt/Managedebt/P36233.asp?GT1=7618&Rating=10&PageID=36233#Rating "Here are some concrete strategies for digging out from debt, from consolidation to financial advice. By Mary Rowland The average American pays more than $1,000 a year in interest fees and carries a balance of $9,100 on two to three bank credit cards, according to recent estimates. And credit card companies are tacking on new fees and raising interest rates that make it even more expensive. If you carry credit card debt, paying it off should be your top financial priority for two important reasons. First, it gives you a guaranteed rate of return of as much as 21%, depending on the rate charged by the credit card issuer. So paying off $2,500 at 16% yields a 16% return on that money. Second, paying off debt gives you flexibility. If you're stretched to the limit on your credit cards, you have no margin for error; no room to maneuver if you have an emergency. Paying down debt frees up your cash flow and gives you the opportunity to take advantage of a compelling career move -- or a great vacation. 10 steps to debt freedom 1.Figure out how much you owe. Gather all your credit card statements and make a list that includes the interest rates, total amounts you owe and minimum monthly payments. List the cards by the interest rates they charge with the highest rate first and so on. "A lot of people have lost track of what they owe," says Gerri Detweiler, author of "The Ultimate Credit Handbook." 2.Keep the two cards with the lowest rates. Cut up the others. Write to the card issuers and close the accounts. (One caveat: Check the terms of use before you cancel. Some credit issuers charge higher interest rates on the remaining balance due to people who close their accounts. If this is the case on one of your cards, pay it off and then cancel.) 3.If you don't have a card with an interest rate of less than 14%, get one. 4.Resolve that you will use your cards only for essentials over the next six months. For other purchases, use cash or a debit card. 5.Add up your minimum monthly payments. Credit cards often require very low minimums. Follow them and you will be paying forever. For instance, if you owe $1,000 on a card with a 17% interest rate, experts say it might take you 12 years and cost you $979 (in addition to the principal) to pay it off if you make only the minimum payments. 6.Calculate how much you can pay over the minimum. Really stretch your budget. For instance, let's suppose the minimum payments on your credit cards total $350 a month. What could you pay if you really stretched? How about $750? No pain, no gain. 7.Apply all of your additional repayments to the card with the highest rate. If two cards have the same rate, put the additional money on the card with the largest balance. 8.Consolidate your debt. Many credit card issuers offer introductory rates as low as 3.9% for six months. If you're really serious about getting out of debt in a hurry, transfer your largest, high-rate balances to a card with an extremely low rate and pay them down aggressively. 9.Pay the minimum on your lowest rate cards until you've paid off the balance on the more expensive cards. 10.Consider using your savings to get out of debt. Sure it sounds harsh. But if you put together a balance sheet, your debt would cancel out your savings anyway. If they're in the bank, you're probably earning just over 3.2% to carry debt at 18% or more. Once you've paid off the balances, you've got to be serious about staying debt-free. If you lack self-discipline, consider using a debit card. Otherwise, pay as you go -- the entire balance on each card when it comes in."
  3. http://moneycentral.msn.com/content/Banking/creditcardsmarts/P108369.asp
  4. http://moneycentral.msn.com/content/CollegeandFamily/Suddenlysingle/P45691.asp
  5. What a way to stop on a dream I know right! I know it' s not automatic approval whatever list it may be, I wasn't getting the letters when my scores were horrible.
  6. ....know. For about 2/3 months now I've been receiving letters from Amex for their GOLD card. I'm just excited, they have me on their "potential customer" list. It's been a LONG time coming, Just feels soooo good!!!!
  7. I've had no problems with Patelco. They refinanced hubby's car for 5.9% from 23% a while back. I applied for the visa soon afterwards, the CR told me via e-mail wait 6 months and reapply they need to see payment habits. 6 months later I did just that, got bold and requested $1500...Approved!! Kinda wish I'd gotten bolder
  8. It might be worth a shot depending on your payment history with them, that is to say, do you pay off your charges immediately or do you let them linger? Are the $1400, and $2700 recent charges or an accumulation of them? If the latter, that might hurt you. Never know until you try I always say. Good luck
  9. http://moneycentral.msn.com/content/Banking/Betterbanking/P90617.asp
  10. yes congratulations on your new venture!!! Charles is great to work with!!!
  11. Thank you all for your well wishes!!! It'd been a long and sometimes disappionting trail of credit repair but it has all been well worth it!! We have not found the house yet but soon as we do, U r invited!!!
  12. Oh my goodness I am so thrilled!!! Hubby and I are approved for a mortgage through Charles(Fristsource). Anyone on this site looking for a mortgage, get in touch with Charles first before you go anywehre else!!! He made it so painless. He is very professional and such a nice guy too! THANK YOU SO MUCH Charles, you are such a blessing!!!! Homeownership here we come!!!!
  13. Speak with Charles (Firstsource) he is a super great help!!!!
  14. http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml
  15. http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml
  16. From experience, word of mouth works everytime! Know of anyone? Like Jeeptravel said depends on how much they like you. Have you considered just using your BF's credit and simply putting your name down on the lease agreement?
  17. It could very well be a PG glitch. It could also mean the creditor just recently updated (they are not held to the have to reply within 30 days rule).
  18. Have you disputed this account with any of the CRAs? Don't forget when an account is disputed, OC/CA are supposed to notify the CRAs that this account is being disputed. Usually will say who reported it. After their investigation OC/CA, they will update the account to all they report to even if the dispute was only sent to one CRA. Looks like that's the case here.
  19. yes overall, but since Cap1 does not report your CL, best to let them report your balance first so it's recorded before paying it down or off. This way, it will be the high balance until such time you go over that amount if you ever do.
  20. I applied and had no luck I applied for the platinum card, which was not my intent to begin with, how I missed that I don't know. Reason for denial: Utilization of revolving credit is too high huh? I am well below 20% utilization. Length of revolving History is too short: Ok I can't fight that, all my old accounts have now dropped off. Even Patelco denied me payment history with us is too short try again in 6 months. I'm trying to transfer my dell balance to avoid paying the high finance charges so I can get it paid up in 4-6 months and having no luck.
  21. Chase, Don Doc's old picture of a day in the office of the CRAs sums it all up. Morons!!! Hang in there girl!
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