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tomato_racing

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Posts posted by tomato_racing

  1. they can - but they won't. They make a lot more money by allowing you to make minimum payments for months on end, while your interest wracks up.

    I don't know why my credit card company keeps increasing my limit - I've never given them any money.

    For God's sake people:

    1. I'm not making minimum payments-- never have and never will

    2. I'm closing the account because they over doubled my interest rate from 6.25% to 13.75%

    3. I'm just making sure that it is still in my best interest to close the account and make large payments while locking in my low interest rate. I also want to make sure they don't demand immediate payment as soon as I close it-- just because I closed it. That defeats the purpose of what I'm trying to do.

  2. The 250 is a perfect track bike! Do it! So if putnam is out because of camping/party afterwards what other tracks? We could do grattan,but its far and i want to make sure we get allot of people to make it.

    BlueeeeeeeeeeeeeeeeeeeeeeeeeeeGrasssssssssssssssssssssssssssssss :)

  3. Great example.

    Now can anyone enlighten me as to why Chase felt the need to approve me for almost $16,000 over two credit cards but wouldn't give me a loan for a motorcycle at $5000?

    Somewhere in all this there is a difference between revolving credit and fixed credit(I think that's what they called it) but I don't know how to build this fixed stuff if all they give me is revolving credit or CCs?!

    I pay on time every month and make enough money that my debt to income is low. Keep in mind that co-signers aren't an option in my case.

  4. First, closing accounts shouldn't cause too much of a credit change as long as you still have a good debt to equity/assets ratio.

    Part of the problem is CC companies are claiming the credit reform makes them change their APR.... what they fail to tell you is that they are losing a TON of ability to rape you even worse.... so your APR goes from 10% to 30% and you all close accounts, but when your APR goes to 30% they also loose abilities to charge rediculous fees.

    Same thing with checking accounts, people are FREAKING out that they won't get free checking accounts anymore, banks will soon find other banks going ahead and giving free acounts AND not getting rich off overdrawn fees and more...

    Once the market stabilizes and these inconveniences become the "norm" expect everything to go back to normal, and put us (the consumer) ahead in the long run. Citi FUCKED me over seriously, 6 year accountholder, was 2 days late on a payment because I was having computer issues, $40 fee, and default APR ROFLMAO

    I have too many credit cards so I just called them and canceled it, I don't care really, have a house, car, and credit card.... FICO score only matters when you are looking for new cards or other financial services, going from 780 to 760 doesn't bother me.

    Thanks again for the help guys, I'm 21 and just want to make sure I don't make any bonehead moves that will come back to haunt me when I tryin buy a house or something.

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