Getting 0% - who to pay first?
Date: Thu, 05/20/2010 - 10:03
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Chase card 10k balance, 2% for 5 yrs
Amex card 8k balance - just got 0% for 6 mo's and 9.9% for 6 mos
Elan Visa 9.5k balance - 9.9% fixed
Have possibility of getting a Capital One card - 0% for 12 mos.
Can also take 4k out of IRA at no penalty (72t rule)
Sooooo, who to pay first? I want to keep the Elan card alive but they keep dropping my limit after each payment because of settlements with the other two. That leaves me w/no emergency cash, in case of transmission blowout or major problem with house. Elan will raise the limit (it was 12.7k) once the other cards are paid off.
All advice welcomed.
Chase card 10k balance, 2% for 5 yrs
Amex card 8k balance - just got 0% for 6 mo's and 9.9% for 6 mos
Elan Visa 9.5k balance - 9.9% fixed
Have possibility of getting a Capital One card - 0% for 12 mos.
Can also take 4k out of IRA at no penalty (72t rule)
Sooooo, who to pay first? I want to keep the Elan card alive but they keep dropping my limit after each payment because of settlements with the other two. That leaves me w/no emergency cash, in case of transmission blowout or major problem with house. Elan will raise the limit (it was 12.7k) once the other cards are paid off.
All advice welcomed.
How much cash do you have to work with? My first instinct is to
How much cash do you have to work with? My first instinct is to transfer as much as you can from the highest interest card to the 0%.
Moot point regarding cash advances, card application turned down
Moot point regarding cash advances, card application turned down.
However, I still have 4k coming from a penalty free 72(t) withdrawal.
So....who to pay? A 9.9% card w/9.5k balance or Amex under a hardship program at 0% for 6 months, 9.9% for the next 6 months then back to 15ish%?