^^^ Smart man ! x2 Have one CC, gets paid off. Gotta watch that some CC companies get pissed off if you don't carry a balance. And start playing games with "you were late paying",which was false. It was the "What's in your wallet?" one....
^^^ Smart man ! x2 Have one CC, gets paid off. Gotta watch that some CC companies get pissed off if you don't carry a balance. And start playing games with "you were late paying",which was false. It was the "What's in your wallet?" one....
They get almost 2% of every transaction dont they?Every once and a while I "throw them a bone" and carry a tiny balance over so they make a buck or two. They gotta eat too. LOL!!
I have to disagree with this statement as a our economy runs on credit and debt, and if we had neither our economy would fail immediately. The problem is people taking on more credit than they can afford.Sorry, have to disagree with "nothing wrong with debt".
Some debt cannot be avoided, but unnecessary debt MUST be avoided. I get the "not having a credit score" and having trouble buying a house. But to just spend on credit and not keep it in check is where most ppl go wrong.
Negative rate? Never happen. The bank will not give you money for borrowing. They can play with the numbers, but you will always pay a significant amount of interest. All you can do is minimize how much.My starter home was built in 1912 is 900 sqft, is in the ghetto and cost 340 grand
Luckily interest around 2% and trending to 0 or negative soon
Mine was built in 1953. 1000 sq ft up, and 1000 sq ft basement, 1/3 finished. .23 acre. Paid $245K for it back in 1997. Assessed a month ago at $940K. Real estate value is $990K.My starter home was built in 1912 is 900 sqft, is in the ghetto and cost 340 grand
Luckily interest around 2% and trending to 0 or negative soon
I would advise not refinancing. Just spend anything extra you can per month. Dont waste money on the refi, as you will end up paying points that is just going into the bank's pocket and does not reduce your principal.We paid $199K almost 10 years ago for our house on 5 acres. I'm certain we could get 250-275 for it before the end of the month if we wanted to sell. Our interest is 4.25% (which was quite good 4 years ago). I need to look into refinancing soon. I'd like to keep the payment near what it is for a shorter term than we have left currently at a lower rate.