Should I consolidate?

[LuckyTaxi]

Grrrrrrrrrrrr ... I really hate credit cards. Before I left for my vacation this past July my credit card balance was $500.
Now it's like $7k. I don't know what I freaking bought but I'm pissed off as it took me 1.5 years to pay off $5k. Now I've run it back up.

Anyways, one card has like $2200 while the other has the rest. I wonder if I should just pay off that $2200 with the other card. It does have a limit of $11900.

 

[KLin]

stop buying sh!t you don't need. If the card with the higher limit is a lower interest rate, go for it. The less you pay in interest, the more money you save.

 

[boyRacer]

wow... what did you buy with $6k... :Q

 

[pyonir]

Originally posted by: bR
wow... what did you buy with $6k... :Q

the hookers at his vacation spot were expensive.

 

[LuckyTaxi]

Originally posted by: bR
wow... what did you buy with $6k... :Q

good question. no new toys or anything. it must've been sh!t for the house and clothes. plenty of freaking clothes

 

[LuckyTaxi]

Originally posted by: pyonir

Originally posted by: bR
wow... what did you buy with $6k... :Q

the hookers at his vacation spot were expensive.

i didnt see any at disney world

 

[pyonir]

Originally posted by: lilcam

Originally posted by: pyonir

Originally posted by: bR
wow... what did you buy with $6k... :Q

the hookers at his vacation spot were expensive.

i didnt see any at disney world

It was a joke. You know...i wasn't serious? heard of them?

 

[KLin]

Originally posted by: lilcam

Originally posted by: pyonir

Originally posted by: bR
wow... what did you buy with $6k... :Q

the hookers at his vacation spot were expensive.

i didnt see any at disney world

woah, Cinderella isn't a hooker? What about Snow White? what a disappointment

 

[pyonir]

Originally posted by: KLin

Originally posted by: lilcam

Originally posted by: pyonir

Originally posted by: bR
wow... what did you buy with $6k... :Q

the hookers at his vacation spot were expensive.

i didnt see any at disney world

woah, Cinderella isn't a hooker? What about Snow White? what a disappointment

Snow White is the pimp. she pimps out the seven dwarfs.

 

[LuckyTaxi]

Originally posted by: pyonir

Originally posted by: lilcam

Originally posted by: pyonir

Originally posted by: bR
wow... what did you buy with $6k... :Q

the hookers at his vacation spot were expensive.

i didnt see any at disney world

It was a joke. You know...i wasn't serious? heard of them?

yea i know silly LOL

 

[DaveSimmons]

I don't know what I freaking bought

- stop loaning your credit cards to friendly-looking strangers?
- cut back on the drinking?
- drugs are bad, mmkay?
. . .
- Read The Friendly Bills and find out what you spent $6.5K on?

 

[LuckyTaxi]

Originally posted by: DaveSimmons

I don't know what I freaking bought

- stop loaning your credit cards to friendly-looking strangers?
- cut back on the drinking?
- drugs are bad, mmkay?
. . .
- Read The Friendly Bills and find out what you spent $6.5K on?

LOL ... gotta tell the fiance to stop shopping. we have to stop going to target. they have too many neat things

 

[randomlinh]

what are the rates on the cards? if one of them offers a FREE, no fee, balance transfer (w/ a low long term APR), go for it. otherwise, maybe not worth it.

 

[wyvrn]

My personal opinion:

1) Enroll in finance class in local community college. Doesn't matter what personal sacrifice you have to make, take the class and LEARN as much as you can.

2) If you have a house, try to cash out equity and pay off the higher interest CC debt. Or, try to get one low rate card, consolidate, and overpay the hell out of that b!tch. Notice this is AFTER you have a basic understanding of finance, so that you don't take the money and screw up.

3) Find ways to pinch pennies. I have started couponing (doubles and triples are really great) and stockpiling non-perishables. This makes a HUGE difference in the long run.

4) Stop buying premium products. Stop eating out. Live as far under your means as you can and be comfortable.

5) Increase your income by 1) getting more education 2) investing in real estate or a side business (consulting)

6) Cut up your credit cards except for one, and leave it at home. Use only in emergencies. (Don't close the accounts, this hurts your credit score. Keep them open and PAID OFF!!!!!!)

Good luck!

 

[LuckyTaxi]

Originally posted by: wyvrn
My personal opinion:


4) Stop buying premium products. Stop eating out. Live as far under your means as you can and be comfortable.

Trying to do that. It's working rather well.

5) Increase your income by 1) getting more education 2) investing in real estate or a side business (consulting)

Yes! Been doing this also. waiting for my $200 check from old job where i did consultation.
Started a new business and waiting for it to take off.

6) Cut up your credit cards except for one, and leave it at home. Use only in emergencies. (Don't close the accounts, this hurts your credit score. Keep them open and PAID OFF!!!!!!)

I paid one off by consolidating it into the one credit card. That's why that has a balance of $3k+
Now I'll probably use that card to transfer the balance over.


Good luck![/quote]

 

[Noirish]

people really need to learn to spend within the limit of income.

and yeah, consolidate to a low interest rate card.