Ask Unkie Trunkie!
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From: Bay Area
Originally Posted by brantshali,Jun 6 2010, 10:38 PM
How much other debt do you have? How much do you have remaining on your car loan? Monthly payments?
Keep in mind you'll have to do SOMETHING for transportation and factor that into your decision...
Keep in mind you'll have to do SOMETHING for transportation and factor that into your decision...
I have about $2500 worth of other debt. My finaid check will be about $3400. I live with my GF, and she said that (if) I sell my car, we would try and work out a schedule that we could share her car until I get another one.
Either way, the S2000 is going bye-bye in March 2011. I can't wait for it to be gone. It was nice to have when I lived with my parents and my only expense was the car payment, and I had no debt. But now that I have a fair amount of debt, and I live "on my own" it's more of a burden than an enjoyment.
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Originally Posted by brantshali,Jun 7 2010, 10:15 AM
If $2500 qualifies as a fair amount of debt, I'll trade you... 
I get where you're coming from, though.
I get where you're coming from, though.
And it's "bad" debt. Unlike a HELOC or what-have-you 3/4 of that debt is on a C/C of 29% interest
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From: SJC
Originally Posted by espelirS2K,Jun 7 2010, 09:23 AM
I'm a college student who lives on the edge of being able to afford to live. $2500 is an incredible amount of debt
And it's "bad" debt. Unlike a HELOC or what-have-you 3/4 of that debt is on a C/C of 29% interest
And it's "bad" debt. Unlike a HELOC or what-have-you 3/4 of that debt is on a C/C of 29% interest
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Originally Posted by espelirS2K,Jun 7 2010, 01:23 PM
I'm a college student who lives on the edge of being able to afford to live. $2500 is an incredible amount of debt
And it's "bad" debt. Unlike a HELOC or what-have-you 3/4 of that debt is on a C/C of 29% interest
And it's "bad" debt. Unlike a HELOC or what-have-you 3/4 of that debt is on a C/C of 29% interest
Call your credit card company and ask them to lower that interest rate! Most times they will!
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From: SJC
Originally Posted by shareall,Jun 7 2010, 09:30 AM
Call your credit card company and ask them to lower that interest rate! Most times they will!As far as the Credit Card companies are concerned, Espelir is a ripe fruit (a college student) - demand high interest up front, with lots of upside if he does in fact graduate.
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Originally Posted by 8D_In_Trunk,Jun 7 2010, 10:33 AM
Your assumption is based on Canadian normative behavior and credit models.
As far as the Credit Card companies are concerned, Espelir is a ripe fruit (a college student) - demand high interest up front, with lots of upside if he does in fact graduate.
As far as the Credit Card companies are concerned, Espelir is a ripe fruit (a college student) - demand high interest up front, with lots of upside if he does in fact graduate.
. Then I get a statement... 29.33% WTF!!!Anyways, so it seems I should go with plan a) and pay off all my debt, yeah?
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Originally Posted by espelirS2K,Jun 7 2010, 01:31 PM
I tried .
.Unkie, with my new job, I may be forced to take a week (or two) of holidays in mid-December. I'm planning a pretty significant trip for Spring 2011, so I can't break the bank, but I would like to go somewhere warmer than it will be here, but not an all inclusive. Any suggestions?
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Originally Posted by 8D_In_Trunk,Jun 7 2010, 01:33 PM
Your assumption is based on Canadian normative behavior and credit models.
As far as the Credit Card companies are concerned, Espelir is a ripe fruit (a college student) - demand high interest up front, with lots of upside if he does in fact graduate.
As far as the Credit Card companies are concerned, Espelir is a ripe fruit (a college student) - demand high interest up front, with lots of upside if he does in fact graduate.
