Go to Jeff Salisbury LWGate Home Page.From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: Paying off debt
Date: Fri, 29 May 1998 23:02:11 -0400
Next Article (by Date): Re: persfin-digest V5 #18 Rich Carreiro
Previous Article (by Date): Re: Online Chat Rooms for Stocks Lloyd Colston
Articles sorted by: [Date]
[Author]
[Subject]
> Now, I've come into some money and theoretically could pay off all >of the debt. But my credit is so lousy that I'm thinking that it would be I lean heavily toward paying it all off. 18% interest is ruinous! Look at it this way -- if you pay it all off, you'll have effectively earned 18% on your "investment", risk-free. You're not going to be able to do better with your money than that. Even if paying it slowly did help your credit rating, you'd be paying through the nose to do so and I simply don't think it's worth it. And consider getting rid of all of your cards but one, and then asking the credit card company to *lower* the credit limit on it. Rich Carreiro rlcarr@animato.pn.com P5-100/RedHat Linux 4.1 - -
Next Article (by Date): Re: persfin-digest V5 #18 Rich Carreiro
Previous Article (by Date): Re: Online Chat Rooms for Stocks Lloyd Colston
Articles sorted by: [Date]
[Author]
[Subject]