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HomemadeTurbo - DIY Turbo Forum (https://www.homemadeturbo.com/)
-   General Discussion (https://www.homemadeturbo.com/general-discussion-6/)
-   -   debt here i come (https://www.homemadeturbo.com/general-discussion-6/debt-here-i-come-26291/)

juli0_bustamante 09-13-2004 11:42 AM
Re:debt here i come
 
Originally Posted by d16forlife
I say destroy that bitch.

I got too much credit when I was young and I had to file for bancrupcy by age 24.I was $40k in debt :-\.Thats why now I try and buy ---- cash.The only thing I have out on credit right now is that F250 I just bought.And that was just couse I needed it...badly.

If you dont need it dont use it.
got you beat buddy...i filed for bankruptcy at age 188...ha ha!

Reddy 09-13-2004 11:45 AM
Re:debt here i come
 
Originally Posted by juli0_bustamante
got you beat buddy...i filed for bankruptcy at age 188...ha ha!

They had credit cards in the 1800's??

Dr.Boost 09-13-2004 04:36 PM
Re:debt here i come
 
Originally Posted by Whitey
why don't you try to consolidate your debt to get rid of the insane interest charges??
I'm a little past that, buddy. ;)
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SkunT 09-13-2004 04:38 PM
Re:debt here i come
 
travis, what have yo ubought on it so far. i know you have bought something.


AgentMurdoc 09-13-2004 05:00 PM
Re:debt here i come
 
Originally Posted by bmaca455
I have a question about credit cards. If I get one but never use it for anything. Except for mabey a bag of chips at the gas station or something one in a while. Will I get good credit for that if I pay all my bills on time? Will I get better credit if I buy more or does it not matter?
you have to use the card to build credit. You have to have something to pay off. If you have no balance on the card for months that's not really helping. Your idea of buying chips n ---- and paying it off at the end of the month is a good idea. Heck you could buy a playstation game and pay it off over 3 months. But don't get too 'happy'.

-Murdoc

Dr.Boost 09-13-2004 05:06 PM
Re:debt here i come
 
Originally Posted by AgentMurdoc
Originally Posted by bmaca455
I have a question about credit cards. If I get one but never use it for anything. Except for mabey a bag of chips at the gas station or something one in a while. Will I get good credit for that if I pay all my bills on time? Will I get better credit if I buy more or does it not matter?
you have to use the card to build credit. You have to have something to pay off. If you have no balance on the card for months that's not really helping. Your idea of buying chips n ---- and paying it off at the end of the month is a good idea. Heck you could buy a playstation game and pay it off over 3 months. But don't get too 'happy'.

-Murdoc
On your credit report it shows your highest balance, your current balance, your credit limit, and if your account is in good standing. Maxing the card out and paying it off will have different effects on your credit. Some creditors look at it like you are able to pay off your debt resposibly, but some look at it like you live beyond your limits and you might be a risk. Using less than 50% of your available credit can be a good thing. Just don't go overboard. If you are able to control yourself it would be a good idea to pay for all of your daily expenses with your credit card and saving your money to pay the bill off at the end of the month. If you don't feel you can control yourself, do not do this.
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dragon 09-13-2004 05:11 PM
Re:debt here i come
 
yeah im paying off my cc now. As soon as i get done paying them im only using them for emergencies thats it. I rather just worry about paying my car loan at the moment

AgentMurdoc 09-13-2004 05:13 PM
Re:debt here i come
 
yeah that's what I was trying to say about using it for daily expense and paying off.

And boost brings up a very good point on the percentage of balance. It is a good idea to keep under 50% of your allowed credit. Maxing out is not good, and paying all in full can also be bad. Keeping a balance is good, just don't be like me and have 9 out of 11 cards maxed out.

Dr.Boost 09-13-2004 05:14 PM
Re:debt here i come
 
Originally Posted by AgentMurdoc
Keeping a balance is good, just don't be like me and have 9 out of 11 cards maxed out.
Woot! We should have a credit card debt party. :D I was signing up for new credit cards as the old ones were maxed out. The stupid thing was they were still accepting me and giving me new credit cards. :-\ Thank alot fuckers. >:(
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AgentMurdoc 09-13-2004 05:17 PM
Re:debt here i come
 
------' boost, that's the same exact thing going on with me. All my cards are maxed out so I signed up for another, notice how I have a couple free. I have another offer on my desk here in front of me, mad temptations. And I just signed up for another one like 2 weeks ago :(


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