View Poll Results: Pay down CC, or pay off GS?
Voters: 12. You may not vote on this poll
Financial Advice vs Paydown Info
Joined: Jan 2004
Posts: 6,692
Likes: 0
From: Bethlehem PA
I have a reliable beater, I'm keeping the bike. Depending on the circumstances I may even sell the beater for the right price and borrow my parents car when I absolutely need one. The bike is too good of an investment to get rid of, especially when I can ride it for the majority of the year. The savings on insurance and gas would be tremendous.
I would sell the bike and lude. Use the proceeds to buy a p.o.s car and the remaining funds towards your credit card. Continue to pay your cc's while driving the p.o.s
Thats toooo much debt to be in. didnt you move back home so you can pay off your debts? If so, have you been charging things on your cc since then?
i've never broken 10g on a cc before and just seeing you have is like
Do you have a time frame you would like to pay these off by?
My dad is a financial advisor so I can throw some numbers at him.
also, How much per month would you like to pay towards your bills.
1,000 isnt going to cut it btw.
pm me if you want.
and................dont file bankruptcy.
Joined: Jan 2004
Posts: 6,692
Likes: 0
From: Bethlehem PA
So you want to pay these all off in two years.
Not a problem.
btw ..you'll be paying bit over 40g's when your done.
figured i'd break it down for you what your paying in interest.
I think whole figures open eyes more as opposed to percentages.
24,500 CC
1year - 2514.60
2year- 5029.20
7200
1year 784.80
2 year 1569.60
4500
1year = 990
2 year = 1980
your only 20 years old? Not to sound like a parent or something but you really need to get a handle on your finances. You havent even "started" your life yet and are already in huge amounts of debt.
I would sell everything and if there are 3 cars at home, ( as one of the posts mentioned ) then use one of those rides. A bike is just asking for trouble or injuries.
Not a problem.
btw ..you'll be paying bit over 40g's when your done.
figured i'd break it down for you what your paying in interest.
I think whole figures open eyes more as opposed to percentages.
24,500 CC
1year - 2514.60
2year- 5029.20
7200
1year 784.80
2 year 1569.60
4500
1year = 990
2 year = 1980
your only 20 years old? Not to sound like a parent or something but you really need to get a handle on your finances. You havent even "started" your life yet and are already in huge amounts of debt.
I would sell everything and if there are 3 cars at home, ( as one of the posts mentioned ) then use one of those rides. A bike is just asking for trouble or injuries.
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
HA.net Workout Krew
Joined: Mar 2002
Posts: 9,039
Likes: 0
From: In the gym
I know he must hate me for breaking it down like that, but at a certain point, that's the only way to get through to them. I'm sure he's doing good. Not like he's out there charging up a storm.
