 Money help, we are so much in debt and don't know how to get out!? |
| I don't know how to get back on track. We aren't making as much money as we were a year ago. Our credit is going down the tubes. Literally! Our credit scores were in the high 600's and ... |
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 I have a bill that might be reported to the credit bureau? |
| I have a bill for $90 that I just got a letter from saying that if I don't pay within seven days it'll be reported to the credit bureau. I already talked to these people like three weeks ... |
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 I have an HSBC debit card...? |
I am looking to buy something online...but the only options for cards are VISA,MASTERCARD,JCB,SWITCH,SOLO and ELECTRON...
My debit card has MAESTRO on it (and CIRRUS at the back) Which one ... |
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 I'm 19 and have no credit but need to get some? |
| what do u suggest i do as i don't have enough credit to get credit cards etc.... |
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 Credit card with score of 636? |
| what credit card can i get approved for with a score of 636 and i derogatory item on my report which i am currently disputing i already have a secure credit card i am just looking for a way to ... |
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 Will I still have a bad credit? 10 points for honest answer. Thank you? |
| Over 2 years ago I had a minor accident. I went to the hospital for couple times. The bills were about $990. I had a health insurance, but the health insurance have never paid for it. Finally, last ... |
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 Where and how to apply for credit card? |
| Iam just trying build my credit. well, I would like to have a credit card. Where do I apply for one with low interest. Thanks in advance.... |
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 E-bay / pay pal? |
| i have just sold an item on e-bay(first timer!) the payment is in my paypal account but not in my bank acount yet(had a few prob getting my way round it),is it ok to dispatch item to buyer, as i feel ... |
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 I have poor credit. Where can I obtain a small $600 loan/credit card with no fees.? |
| I have poor credit. Where can I obtain a small $600 loan/credit card with no fees. I need the money to invest in a new career that will hopefully get me back on track.... |
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 Credit cards for kids? |
| is there a credit card where my kid can use it but i pay it off?... |
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 I (minor) just bought a visa debit card, and my mom won't let me activate it.? |
| I'm 15, and I just bought a visa debit/prepaid card from HEB/netspend.com, and was told that in order to activate it, I was told that I needed to fax them my mom's social security card, my ... |
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 What is considered a Good credit score.? |
| i just receive my score one is 660, 690,689. so am ??? in terms of what is a really good score.... |
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 I have had a letter from a debt coll. agency. The debt is from 1997, am I still legally bound to pay? |
| This is relevant to law in England & Wales - I have heard that after 6 years, the debt is 'statute barred' ie expired, and although this debt agency has threatend me with court, would ... |
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 Do you think it's right that an employer makes his whole hiring process based on your credit.? |
Additional Details
Ok, what if the person has fell on hard times and bills got backed up judgements fell on them and no one would hire them because of such. You try to better yourself ... |
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 New capital one credit card? |
| ok i just got approved for my first credit card a capital one it should be here in 10 days im very good with paying my bills so that not a problem it said that i'll have a 0% intro APR untill 4 ... |
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 What are the chances of being approved for a mortgage if I can put 50% down? |
Small home worth 35k, selling for 25k (by my uncle). Continuous work in the same field for appx 1 year, and credit score 620ish.
*Fiance wants to liquidate and invest his mutual fund in ... |
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 Read the question please, no dumb answers. Would there be a problem paying more than the statement balance? |
| On a credit card to cover purchases bought after the statement? Say I have a $100 bill and I bought $100 more of stuff after the statement was mailed. So the statement is 100 and the online amount ... |
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 How long does it take for a check to appear in your bank account? |
I recently placed a paycheck into my checkings account at commerce bank, along with a 100 in cash.
So far it only shows the 100 in cash that I placed and not the paycheck. I placed ... |
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 I have NO credit how can i start to build credit? |
| I have no credit I have tried to apply for small loans or credit and gas cards just so I can start some where but I dont get approved because I have no credit history! Where Can I start!!!... |
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kakeydec | If you had 10k to either pay off your car or use as a down payment on a home? |
What would be the best thing to do? The car loan is at 6.9% and the payout is 13k....Thanks. |
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redwine
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completely depends on your financial situation. If you can comfortably afford your car payment and are looking for a house, I would use it as a downpayment for the house. A house can go up in value, while a car will only become less valuable. tba |
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morris_donald
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It is always better to pay off debt. You can save money to get a house, but you will lose money if you keep your debt. |
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RWLake
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A good way to look at your question is to ask, what do you want to gain by spending the $10K? Do you want it to increase or decrease in value? Unless a person is purchasing one of the luxury / high expense cars, the purchase of a car is one of the worst investments you can make. Automatic loss of principle. On the other hand this is a great time to be buying a house. Prices are depressed with many anxious sellers. And if you are in it for the long haul, most houses will show good appreciation over time. So, for me. the clear answer is to buy the house. |
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Dashing Geek
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Paying offa car loan at 6.9% is like invsting with a return of 6.9%. Also, cars depreciate in value, which means they are not good investments to keep paying interest on. Paying off the car and starting to put money away for your next car is a very wise thing to do.
Buying a house is also wise. The interest rate is about 6% for people with good credit, maybe 7% with poor or not well-established credit. However, you can deduct some of the interest you pay, so look at a total overall interest rate of 4%. Add that real estate generally appreciates at 3% per year and you see that you have a reasonable investment - and a place to live - for the future.
So, either is a good deal. It sounds like you are at the starting out in life phase. You may need emergency money some day. I would pay off the car and start saving. You can buy a house at a low price any time in the next few years - the pundits don't think the real estate market will improve for a few years.
Good luck. |
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heybulldog
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I'll bet your paying $50 -$60 a month in interest on the car.
Pay off the car. Once you pay off the car its yours.
Take what was the car payment and any other money you can squeeze outta your budget and save up for a big downpayment.
No payments = cash in the bank. |
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CrackBerry Addict
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I would most definitely pay off the car. With the car payment gone you can use the money that you were using to pay that and start saving for a sizable down payment. Since the car is depreciating in value, I definitely would not want to be making payments for 3-4 more years on it. Get it out of the way, and then save 3-4 years of your own money and get a sizeable down payment on the home. You could probably come up with double the $10,000 if you saved (monthly for 3-4 years) what you are paying on your car payment. Just a thought... |
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silverbullet
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I've tried living in a car. House is better. |
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catgina
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put half on the car and the other half on the house. |
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Dawn L
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I want to go home--wherever that is. |
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sandra y
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it really depends on you - what you consider is more important. you have to weigh the pros and cons. if you ask me, i prefer the house but you didn't mention how much is the house you intend to buy. |
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nsxxxxi
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I would personally pay off my car first, just one less thing to worry about :) |
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Steve S
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Pay down your car. Your home interest can be written off. Also you can start applying your money from your car payment to your home to help reduce the length of that mortgage. This will get you farther financially ahead. |
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swissgirl
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pay off your car. |
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sherry g
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down payment on a home. a car depreciates in value the minute you drive it off the lot. a home will likely increase in value. plus, you can't really "live" in a car or "invite" people over. :o) |
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