Antonio!

So I checked my credit card account online, just to feel worse about my money problems, when lo and behold my last payment to them was backed out. So now I’m not only late on my credit card bill, I’ve been charged a fee that effectively pushes me over the limit on my card. So now I’m fed up with having a credit card (yeah, like I wasn’t before), especially one I can’t even use. I’d really appreciate some suggestions for this situation. Right now I’m looking at getting a new card with a really high balance and low interest rate and transferring the balance(s) over, or somehow taking out a loan to cover the credit card debt and just pay that off instead. Having just bought a new car doesn’t help either, because I’m not sure how that will effect my ability to get a loan or new card….

I just did the math using one of the handy financial calculators at Bankrate.com, and it looks like at the rate I’m going I’ll be able to pay off my credit card debt in approximately 3 years. That doesn’t sound so bad, but it feels so far away, in addition to being based on ideal circumstances (like never buying anything on credit ever again). Looks like I’ll have to hit up Potawatomi sometime soon :>

This entry was posted on Friday, August 6th, 2004 at 1:42 am and is filed under Money and Finances. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.