Find fields & stores near you!
Find fields and stores
Zipcode
PbNation News
PbNation News
Community Focus
Community Focus

Reply
 
Thread Tools
Old 02-02-2011, 12:19 PM #1
Grim~
Whysosrs?
 
Grim~'s Avatar
 
Join Date: Jun 2005
Location: Victoria,TX
Annual Supporting Member
Good idea?

So i got preappoved for a $6000 loan with a fixed intrest rate and was wondering if i should get it to pay all my bills. right now i have 4 bills i pay 3 being credit cards and one a personal loan. If the interrest rate isnt too high on that 6k loan should i take that and use it to pay off those four bills and just have one bill for that loan? i wouldnt use all of the 6k so whatever i dont use is getting paid back.
Grim~ is offline   Reply With Quote
Old Sponsored Links Remove Advertisement
Advertisement
Old 02-03-2011, 03:11 PM #2
notunknownguy
Moose Krew
 
notunknownguy's Avatar
 
Join Date: Jul 2003
Location: Indianapolis, IN
notunknownguy is a Supporting Member
notunknownguy plays in the APPA beginner division
notunknownguy has achieved Level 1 in PbNation Pursuit
notunknownguy has perfected Level 1 in PbNation Pursuit
Depends on the interest rate you get on the loan, and the rates on the credit cards/loan.
__________________
ΠΚΑ
Purdue '10


Feedback (25 Positives, 0 Negatives)
notunknownguy is offline   Reply With Quote
Old 02-03-2011, 03:36 PM #3
Thrill.Ride07
 
 
Thrill.Ride07's Avatar
 
Join Date: Jul 2007
The investment triangle goes

Pay off debts
Save money
Invest money

Debts will have much higher interest rates than what you can make in the markets. Unless you are just pure spec where you can lose just as much.
Thrill.Ride07 is offline   Reply With Quote
Old 02-08-2011, 04:45 PM #4
PbN_AutoTrader
Your PERSONAL Proshop
 
PbN_AutoTrader's Avatar
 
Join Date: Jul 2006
Location: New Orleans, LA
Annual Supporting Member
PbN_AutoTrader is BST Legit
PbN_AutoTrader donated to help Peyton Trent
PbN_AutoTrader supports Bob Gurnsey
PbN_AutoTrader supports our troops
PbN_AutoTrader is one of the top 500 posters on PbNation
PbN_AutoTrader is Legendary
PbN_AutoTrader supports DLX Technology
Quote:
Originally Posted by Grim~ View Post
So i got preappoved for a $6000 loan with a fixed intrest rate and was wondering if i should get it to pay all my bills. right now i have 4 bills i pay 3 being credit cards and one a personal loan. If the interrest rate isnt too high on that 6k loan should i take that and use it to pay off those four bills and just have one bill for that loan? i wouldnt use all of the 6k so whatever i dont use is getting paid back.

How about you just open new cards with 0 percent balances and transfer the blances and pay them off?

Need more details to give u specific details
__________________
_★_The Other Athlete_★_ home of_★_Paintball Trader Worldwide_★_
_Bob Long VIS__Luxe 2.0__VANQUISH__DEFENDER__DAM__DM14_&_MORE
*click here*For Sale or Trade!!*click here*
Contact ME (Michael) Direct ANYtime (24/7)
Call/Text 504-669-2298
michael@theotherathlete.com
www.paintballtraderworldwide.com www.theotherathlete.com
PbN_AutoTrader is offline   Reply With Quote
Reply


Thread Tools

Posting Rules
Forum Jump