Sep. 16th, 2017

The plan

Sep. 16th, 2017 04:51 pm
spikethemuffin: (Default)
Applied for a zero-interest card for balance transfer. Received it, to my shock. It does not cover my highest-interest debt.

However, it covers my SECOND-highest-interest debt. So, I will use it to pay that, plus bring another card down to <30% of the limit, which will put me in a position to pay that card off in about six tight-belted weeks, enhancing my credit and giving me wiggle room if I need to not pay that minimum. I will also change the annual services I pay for to save money (Marvel, music pass) to that card's number, just in case. I will then send the card to a trusted friend (so I can have it in case of emergencies) and focus on paying down my highest-interest debt in stack/ snowball fashion. (The above plan will have that card below .30 of limit, also, one may hope, enhancing credit.)

I think this sounds like a good plan, but if you see a major flaw in it, or have hints/ a better idea, please let me know.

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spikethemuffin

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