Dump Your Debt: Don't Borrow & Pay it Down! | Forum profile

You made a deal and now you are trying to change it so I doubt you will get very far. If they go for it, they are saying to everyone, oh, give us your story and we will forfeit one-half the interest. [Sometimes I sits and thinks...sometimes I just sits...]

Yes, I know that. I would have found or at least suggested ways to transfer that debt to something else before the clock ran out, thereby eliminating the accrued interest and starting from there. Thought I was just blowing smoke, didn't ya. "Don't believe everything you think." Fuzz

" ...while saving to pay off the balances at one time ..." I'm not sure what you mean by this. Are you actually saving up so you can pay one of the credit cards off in one swoop? It makes no sense to save up, while paying interest on the balance. Squeeze your budget tighter and throw every extra penny on the highest rate card, while making the minimum payment the other. Forget about that stupid half payment every 2 week stuff....

People who have finances placed in a high priority don't buy something if they're in debt. That includes pizzas, TVs, homes and even tuition. These people also wouldn't consider voluntarily reducing their income, even for something as worthy as education. And this is coming from someone who's family has always placed a very, very high priority on education. After a year of sacrifice and hard work I might be convinced...

I understand your money issues and as much as I hate to agree with veggie, he has a point. Try your best to pay it off and then don't ever carry a balance again. Only buy what you can afford. And it today's market, you are not going to find a lower interest card easily at all. One place people on this board like is PenFed.

Furthermore, I believe there is in effect a "treaty" between the Bar association and the-- whatever the name is--association of collectors, whereby a collector, once he knows a debtor is represented, may not contact him directly.

You share far more working knowledge---I like to share the grass roots side. A society that puts equality...ahead of freedom will end up with neither equality nor freedom. Milton Friedman

Thanks for the link

Why not just not pay it off and stop playing with snakes? It is a small amount. Interest rate do not matter when paid off within a few months. ------------ John Galt sank his ship and went down with his entire crew.

In reply to: ...And while I'm paying more than minimum for the higher APR while saving to pay off the balances at one time... I too wonder what you mean about saving to pay off the balances. If you have sufficient cash on hand for small emergencies, plus money designated for paying off your credit cards, you'll come out best by paying the money on the credit cards as soon as you can. Interest accrues on the unpaid balance, and...