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Wednesday
September 8, 2010
pay off credit cards or use with buying a car?
24 Jan2010
OK, I know I need to get a different vehicle soon and what better time to do it then at tax time? I am anticipating about $1,000 back and I was thinking of using it to assist in purchasing a vehicle, but then I got to thinking, “Would it be better to pay off $1,000 of the $1,400 in credit card debt i’m in or use it for the vehicle?” The credit score analyzer calculator said my score would be around 680 if I paid my credit cards down that much (compared to my current 647 score). Should I pay that towards credit cards or use it toward a vehicle. Either way, I am going to the bank to get a vehicle loan, so if I used that $1,000 toward a vehicle, that would be a $1,000 less I need to borrow. I am stuck on this one guys…any suggestions?
Written by Credit card consolidation
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5 Responses to pay off credit cards or use with buying a car?
blondii
January 25th, 2010 at 11:59 pm
goed… kunt u een auto kopen. en houd uw schuld hoog… of betaal het grootste deel van uw schuld. krijg een betere kredietstandaard. en koop dan die auto op krediet. welke u kunt betalen aangezien u… uw keus gaat
Volckhart
January 28th, 2010 at 3:03 am
Als de rente op uw creditcard is meer dan de rente die u krijgt op de auto-lening, betaalt de creditcard. Hope that helps! Volckhart Slay de Grel]If the interest rate on your credit card is more than the interest rate you’ll get on the auto loan, pay the credit card.
Hope that helps!
Volckhart
Slay the Greek Gods!]
videocrew
January 28th, 2010 at 6:28 am
PAY OFF THE CREDIT CARDS!!!
You’re probably paying 18-22% interest on those credit cards. They are costing you A LOT more money than the car loan would. Plus, paying the cards down would raise your credit score and therefore get a lower interest rate on your car loan, saving EVEN MORE money.
Always pay off high-interest debt first. Otherwise you’re just throwing money away.
Alex
January 31st, 2010 at 5:17 pm
Ik zou $1000 gebruiken om de creditcardschuld eerst te betalen zoals over het algemeen, de creditcardschulden een hogere rentevoet dragen. Bovendien, zoals u vermeldde, zou dit uw kredietscore, ook verhogen. Met een hogere kredietscore, zou u een autolening met een lagere rentevoet eveneens kunnen worden. In het algemeen, zou een autolening van bank een lagere rentevoet dan de rentevoet van de creditcard van de zelfde bank hebben. Aldus, lager uw creditcardschuld zo spoedig mogelijk.
MR KONG
February 3rd, 2010 at 9:29 am
I go wraz z innymi plakaty o pozbycie si? zad?u?enia karty kredytowej. B?dziesz musia? finansowa? samochód niezale?nie, ale ja na pewno sk?ania si? ku wychodzenia z zad?u?enia z karty, na pewno. Na d?u?sz? met?, zaoszcz?dzisz pieni?dze, je?li nie op?aci CC i poprawi? swój wynik kredytowej w procesie.