By: anthony_sadgrove
16/01/2008
5:36 pm Yahoo! Profile:
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| good luck and well done - debt free - you are in the extreme minority |
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By: quikadvice
16/01/2008
4:12 pm Yahoo! Profile:
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thanks all!
i was only asking for a personal opinion. not professional advice of any sort as the buck stops with me in the end.
appreciate the replies!
I have paid off my credit card (putting it away for emergency)
and now concentrating on paying off my car loan. leaving me debt-free and certainly free of any credit cards. from now on, only pay in cash :-)
feel good now! :-) |
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By: pssstocks
15/01/2008
11:39 pm Yahoo! Profile:
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| Thats true Catsmad, and a good breather and time-out to get the situation under control. |
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By: catsmad9
15/01/2008
4:43 pm Yahoo! Profile:
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| Also with a credit card debt you get no credit free period (ie. 55 days like Comm bank). So all additional expenses put on the card till debt is paid will incur interest as well. Not sure if this is the same with all banks. |
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By: anthony_sadgrove
15/01/2008
4:28 pm Yahoo! Profile:
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| it depends on his tax situation - it might be advantageous to have some debt so he can claim deductions. you can't comment without having the full picture. |
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By: riskpirate
15/01/2008
3:34 pm Yahoo! Profile:
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| As a suggestion,,,, clear the credit card then use money that was used monthly to pay it down to increase the payments on your loan. This is not financial advice but a suggestion of what i would do personnally. regards. |
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By: quikadvice
15/01/2008
11:32 am Yahoo! Profile:
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thanks psss.
cheers, |
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By: pssstocks
15/01/2008
11:17 am Yahoo! Profile:
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| They can put you onto what you would need i think...Excellent network. |
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By: pssstocks
15/01/2008
11:16 am Yahoo! Profile:
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| advice is to see a financial advisor as noone here is qualified. I would talk to ASI Club. |
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By: quikadvice
15/01/2008
10:18 am Yahoo! Profile:
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Hi! I have $2500 in cash left from my trip o/s. I would love some advice as to which would be the best decision to where i should place this cash.
I have 2 debts:
(1) Credit card $2400 owing & paying 9.89% monthly interest
(2) Loan of $15294 ( 9.2% monthly interest ) approx $122 interest month.
where would be the best debt to place this $2500 cash on?
Advice greatly appreciated thank you! |
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