Okay, so I need financial advice.
Here is the deal. I have several credit card with high balances (in the $1,000 range) and I have a few other lines of credit with small balances, 30 dollars, 100 dollars, etc. I also have a personal loan with a furniture store for 700 dollars for the mattress I just bought. I received an offer from my bank for a loan that I could get to pay off all of the above listed items. But, my question for you people, is it worth it?
I'm not really sure to do. Pay off the debt as I get the money, or get this loan and pay off my debt and then slowly pay off the loan. It would be easier to have one payment a month for the loan, but I'm not really sure.
Does anyone have any advice? I feel a bit puzzled.
All this money crap makes me want to bang my head into a wall.
On a completely different note, I am thinking about making a set for the plus-sized women group. Yay or Nay?
Here is the deal. I have several credit card with high balances (in the $1,000 range) and I have a few other lines of credit with small balances, 30 dollars, 100 dollars, etc. I also have a personal loan with a furniture store for 700 dollars for the mattress I just bought. I received an offer from my bank for a loan that I could get to pay off all of the above listed items. But, my question for you people, is it worth it?
I'm not really sure to do. Pay off the debt as I get the money, or get this loan and pay off my debt and then slowly pay off the loan. It would be easier to have one payment a month for the loan, but I'm not really sure.
Does anyone have any advice? I feel a bit puzzled.
All this money crap makes me want to bang my head into a wall.
On a completely different note, I am thinking about making a set for the plus-sized women group. Yay or Nay?
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( I'm responsible )
What is the interest rate they are offering? and the term of the loan?
It would most likely be a very wise choice, simply because the government actualy has guidelines for banking firms. They are very lenient towards credit card companies, which is bad for us.
Set it up so that you are comfortable with the payment, and have your bank do a direct withdrawl of the amount.
If they will, have them split it up into bi-monthly payments ( every two weeks ). This will also lower your interest expence. Next, cut up all of those damn cards. For real!
Get yourself a debit card on your account, and pay attention to the balance. You will only be able to spend money that you have, but that is a good thing. They also have things like a mastercard option. this is still your money, but transactions are filed like credit. that way you are never late, and it looks good for you.
p.s. Wear a helmet!