 How should I spend some extra money? Pay off debt or purchase something to make money? |
| I have an extra $3000 and have always wanted to buy a Hobart mixer to bake breads. The mixer is used and will cost me $2000. I'm wondering though if I should take the money and pay towards my ... |
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 Ive got 10k. Whats the best way to make it 20K in less than 2 months.? |
Additional Details
I tripled the 3k i started with in one week... but it was a risk. I want some serious investment ideas not crap about how impossible it is!... |
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 What would you do with a million dollars? |
| How much would you spend right away? How much would you save? What would you spend it on??? Also, if you didnt touch ANY of the money, every year that you saved the million dollars, you would make ... |
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| I have a savings account, but not a checking account. You see, my parents method when it comes to buying things is, "We'll buy it for you." If I want something, sometimes they'll ... |
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 Im looking to get a mortgage in north carolina for 300,000 , im going to put 10% down which is 30,000.? |
| im looking to buy a home in north carolina for 300,000 , im going to put 10% down which is 30,000. my credit score is a 670 or 680 i have zero depth just a car payment for 240$ a month. am i able to ... |
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 Hard time paying the bills...? |
| Well, I'm having a really hard time keeping up with my bills. My husband and I are renting a home, $1500 a month. We have 3 kids, all over the age of 18. They live with us. It just seems that ... |
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 Blacklisted(but need a loan)? |
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 If I borrow money from a bank to buy a vehicle, do i have to get full coverage on the vehicle? |
| I am borrowing on an unsecure loan since i don't have any credit. My mom is co-signing with me. And I was wondering if I am gonna have to get full coverage on the vehicle until i pay the bank ... |
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 How Can I Protect My House From My Girlfriend? |
| I own a house which is worth about £250,000. I have paid off the mortgage. I have always lived alone but due to being with my latest girlfriend for over a year we have decided that she will move in ... |
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 Is it a good idea to pay your bills 1 year in advance? |
| For example, my Verizon bill is $60.00. So I was thinking of just paying $720.00 upfront to get it out of the way.... |
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| I don't want to give them premium bonds, can anyone suggest any other kind of financial gift for their First birthday. thankyou for your help.... |
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mtbiker904 | Is it worth charging all monthly bills then just paying it off at the end of the month? |
I have a credit cards that has no miles or points attached to it. Is it worth is to put all my monthly bills on it then pay it off before interest is applied? I would figure this would improve my FICO score, is this true? |
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heybulldog
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That's how people get into trouble. They charge up the cards and excpect to pay them off when the bill comes. The thing is they don't plan for emergencies and then an emergency comes up and now they don't have the money to pay off the cards and you start to get behind.
Once you start getting behind at the credit card game its hard to get out of the game. High interest rates. Outrageous over the limit and late fees.
Pay as you go. Live on less than you make and you will have money.
Debt free is the way to be. |
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Empty Skies
 |
According to wikipedia, FICO scores are intended to show the likelihood that a borrower will default on a loan; a separate score
This is just one part of your credit score however. Other parts include
* 35% — punctuality of payment in the past (only includes payments later than 30 days past due)[citation needed]
* 30% — the amount of debt, expressed as the ratio of current revolving debt (credit card balances, etc.) to total available revolving credit (credit limits)
* 15% — length of credit history
* 10% — types of credit used (installment, revolving, consumer finance)
* 10% — recent search for credit and/or amount of credit obtained recently
So it will make a difference because it shows you not only pay on time, but that you have a longer credit history. It will help when you try to get an appartment, or car loan. |
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chaos3000
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good idea if u r sure u can pay the balance off before the end of the month |
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Heather G
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If you dont get miles or points there is no benefit. It only imporves your score if you make monthly payments, not if you pay it all of at once. Then they cant see how you handle having a line of credit. |
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Thin Kaboudit
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Assuming you will have the money to pay the bills at the end of the month, it would make more sense to put the money in an interest-BEARING account, then paying it off at the end of the month, rather than putting it somewhere that CHARGES fees & interest, wouldn't it?
And it won't have any impact on your FICO score... |
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Hermoderus
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The only possible benefit would be in the interest earned on the float, which (unless you have extremely high monthly bills) is unlikely to amount to more than $30-40 per year. |
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melodi
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Yes it is. |
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kta kta
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It doesn't help your score at all.. There's no point if there is no incentive to use the card. |
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yaguru
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maybe, but will more likely happen is you will have a tons of debt on the cards that you will mean to pay off, but sure as ****, you will find yourself in hot water down the road.
Guaranteed |
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just me
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If you pay it every month it will show you are good about payments and that raises your credit limit and score |
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Ken Mc
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I don't think it will have much effect on your FICO, unless the credit card is one that you are not using (zero balance).
It can make life easier, but automatic payment from your checking account makes more sense. I only use the VISA for those that don't use auto pay plan.
I used to route everything through the VISA to get the milage points, and to have the option of using VISA's veto (bad charging) policy to stop anyone from double billing. Never had to use it. |
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Tina F
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credit cards are bad news. Use a debit card. It can do anything a credit card will do except get you into debt. |
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