| jonesy |
10-10-2006 09:22 PM |
Quote:
Originally Posted by After Shock Media
(Post 11043190)
First off congratulations Pete.
Media that is some great news as well. Few people are really willing to tackle their debt on a smart schedule that allows them to walk away debt free.
It took me a bit of time but I was able to get out from under the majority of my debt. My capital one card has less than 300.00 on it which is paid off each month. My home depot card also has under 700.00 on it that will be paid off as well this month. It currently has a zero interest, no monthly payments for the next twelve months but I will knock it off when I pay my bills this week.
The mortgage is gone now, the fiances truck payments are gone, hell really everything is gone. Just trying to build up my damn credit score now though.
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paying off your credit cards to a zero balance actually hurts your credit rating
as well as having more than 2 credit cards.
showing that you make ON TIME long term monthly payments with a balance thats half to a quater of your credit limit is what makes a score go up.
good credit scores are based on being on time and going the term, not paying off the debt qucikly. creditors dont like that for the obvious.
fucked up but thats how it is. |
