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City of Mills (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:40 PM Original message |
Just screwed myself by paying down debt |
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rucky (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:41 PM Response to Original message |
1. Find another bank. |
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dugaresa (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:42 PM Response to Original message |
2. i am shocked that you have this problem |
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RKP5637 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:58 PM Response to Reply #2 |
11. It would seem less open lines of credit means less risk, but... |
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OffWithTheirHeads (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:44 PM Response to Original message |
3. Corporate America likes debt slaves |
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RKP5637 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:05 PM Response to Reply #3 |
18. RIGHT ON TARGET!!! EXACTLY!!! |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:45 PM Response to Original message |
4. Second the find another bank idea |
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arikara (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:48 PM Response to Original message |
5. That seems rather insane... |
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City of Mills (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:49 PM Response to Original message |
6. And this is credit union telling me this |
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Craftsman (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:52 PM Response to Original message |
7. I bought a home this summer put 20% down in rolled over equity from my old home |
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kirby (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:55 PM Response to Reply #7 |
10. 20% down... |
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Craftsman (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:59 PM Response to Reply #10 |
13. I know, that, this why my wife and I insisted on 20% down |
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kirby (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:53 PM Response to Original message |
8. You didnt 'screw yourself'... |
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City of Mills (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:04 PM Response to Reply #8 |
15. That's the kicker |
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Mojambo (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:53 PM Response to Original message |
9. I've read that your credit rating can actually go down |
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RKP5637 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:10 PM Response to Reply #9 |
20. I'm also read where you shop affects your credit rating... |
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Thickasabrick (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 01:59 PM Response to Original message |
12. As long as there are no fees, it's always better to keep the credit |
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Dr.Phool (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:23 PM Response to Reply #12 |
24. I just lost two high limit cards. |
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Thickasabrick (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:31 PM Response to Reply #24 |
25. That's happened to me too. Once a year I will pull out my "drawer |
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aikoaiko (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:58 PM Response to Reply #12 |
28. This is correct AFAIK. |
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quiller4 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:04 PM Response to Original message |
14. The problem comes from closing accounts rather than reducing balances. |
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Craftsman (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:04 PM Response to Original message |
16. My Grandpa once told me, "Debt is the ugliest 4 letter word there is." |
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librechik (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:04 PM Response to Original message |
17. paying off cards and then closing the accounts is what gave you the bad credit |
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City of Mills (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:23 PM Response to Reply #17 |
23. You're absolutely correct |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:09 PM Response to Original message |
19. It seems counter intuitive, but that's correct. |
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T Wolf (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:12 PM Response to Original message |
21. Of course the financial game is screwed up to the point where it is "upside down" in many |
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City of Mills (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:18 PM Response to Original message |
22. Let me be clear, I haven't closed the credit lines |
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Blue_Tires (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:49 PM Response to Original message |
26. you did NOT 'screw' yourself |
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City of Mills (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 02:55 PM Response to Reply #26 |
27. This is a loan through a credit union |
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City of Mills (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 04:02 PM Response to Original message |
29. Hahahah, here's the rub |
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Fla Dem (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 04:32 PM Response to Original message |
30. If you have credit cards keep them, but keep them paid up. |
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lib2DaBone (1000+ posts) Send PM | Profile | Ignore | Mon Sep-28-09 05:59 PM Response to Original message |
31. But if you leave Credit Cards Open ...(even if completely paid up) |
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DU AdBot (1000+ posts) | Sun May 05th 2024, 10:33 PM Response to Original message |
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