Paying Off Credit Cards

[canadapettit 10+ year member]

Wife and i have about $7500 in cc debt but we are getting 10k back in taxes. Should we pay it all off at once are spread it out over time?

Click to read more...

 

[woofercooker 10+ year member]

all at once. avoild interest

 

[Skip01 5,000+ posts]

At once

Whats the limits of them?

The closer to the limit, i believe the worse it is for your credit score....i mean if you care about that stuff

 

[ngsm13 5,000+ posts]

Pay them off, cut them up.

/story

nG

 

[svarasnj 10+ year member]

pay it off in full. stop feeding these $$ hungry banks. What's wrong with you people

 

[duece212 5,000+ posts]

depends on your situation. If both of your jobs are secure and you don't see any problems on the horizon and have savings pay off the credit cards.

If its possible that you could come into some problems, lose a job, not have savings...put some of it away for a rainy day.

 

[Ellsworthz 10+ year member]

wow, i get 75 back in taxes :/

couldn't imagine 10k

 

[gymfreak101 10+ year member]

I owe 2700 dollars in taxes I envy you.

 

[andrew2944r 10+ year member]

keep your money let Obama pay it off for you

 

[99grandprixGT 5,000+ posts]

keep your money let Obama pay it off for you

x2 its the change Obama was promising.

 

[canadapettit 10+ year member]

Pay them off, cut them up.
/story

nG

Thats what i was thinking, i was just curious if we should pay them down over time or all at once

 

[canadapettit 10+ year member]

keep your money let Obama pay it off for you

I won't put too much faith in that one

 

[JimJ 5,000+ posts]

Unless you like having 20%+ interest compound on that, I'd pay them off all at once.

 

[canadapettit 10+ year member]

Well alright then come Feb 3rd everyone of our cc will be paid off

 

[Rmsanger 10+ year member]

Wife and i have about $7500 in cc debt but we are getting 10k back in taxes. Should we pay it all off at once are spread it out over time?

my I ask how you accrued so much CC debt? You both may deserve a smack in the mouch for racking up such a debt..