Get out of debt brehs

[winb83]

Damn you down bad right now. I feel you tho do what you gotta do

It doesn't pay to use debt to buy bs like I did. That's how they get you 0% and you start buying stuff you don't need. Many people don't really even get how insipid debt is as a product. I mean I paid $4K down to $1K over that year but I should have paid it off. I'll have $400 left not due till October but it's gonna be gone next month.

 

[Renkz]

Im so close
I'm going to use the stimulus and paycheck to wipe 1 and 2.
I"ll take of three by october.
CC 1: 400
CC 2 :1900
CC 3: 2500 0% until oct

 

[Cladyclad]

Once the two loans I just paid off factor in. I’m finally at 800

 

[winb83]

Once the two loans I just paid off factor in. I’m finally at 800

I remember when I had an 850 FICO score. Good times. When I paid off my installment loan my FICO score gradually fell until it reached the upper 700s. It's been stuck there ever since. Sometimes I'd get to 800 or a little over but with no installment loan my FICO score was extra sensitive to whatever credit card balances I had. Now that I have a small car loan I can't get back much above 800 because it's too new at 1.5 years out of 5.

Keep in mind that VantageScore is not worth much. Almost nobody uses it. You need a FICO 2, 4, 5, or 8 score. Amex will give you a FICO 8 score free from Experian. Discover will give you a free FICO 8 score from Transunion. My Experian is 808 and my Transunion is 796. On Credit Karma it says my Transunion VantageScore is 819 so a 23 point difference. FICO 8 scores are almost always higher than the older 2, 4, and 5 scores sometimes by 20-30 points. Those older FICO scores are used for mortgages. The 8 is used for credit cards and auto loans.

 

[Cladyclad]

I remember when I had an 850 FICO score. Good times. When I paid off my installment loan my FICO score gradually fell until it reached the upper 700s. It's been stuck there ever since. Sometimes I'd get to 800 or a little over but with no installment loan my FICO score was extra sensitive to whatever credit card balances I had. Now that I have a small car loan I can't get back much above 800 because it's too new at 1.5 years out of 5.

Keep in mind that VantageScore is not worth much. Almost nobody uses it. You need a FICO 2, 4, 5, or 8 score. Amex will give you a FICO 8 score free from Experian. Discover will give you a free FICO 8 score from Transunion. My Experian is 808 and my Transunion is 796. On Credit Karma it says my Transunion VantageScore is 819 so a 23 point difference. FICO 8 scores are almost always higher than the older 2, 4, and 5 scores sometimes by 20-30 points. Those older FICO scores are used for mortgages. The 8 is used for credit cards and auto loans.

Thx for the info

 

[newarkhiphop]

use them stimmy checks wisely brehs

 

[DeuceZ]

use them stimmy checks wisely brehs

Folks going to the Gucci and Louis store, I'm tryna clear off this debt and maybe invest some

 

[Truefan31]

If your credit is good then def see how the money can work for you, assuming your employment is steady and you got at least some savings.

 

[peppe]

3 more months to go and my loan is fully paid for. For 5 years it took 1/4th of my paycheck but once its paid only my rent is going to take 1/4th of it



the freedom, not dealing with the bank anymore



a nikka can invest/save again

 

[Atlrocafella]

3 more months to go and my loan is fully paid for. For 5 years it took 1/4th of my paycheck but once its paid only my rent is going to take 1/4th of it



the freedom, not dealing with the bank anymore



a nikka can invest/save again

Salute Fam, I recently paid back a loan, and it felt great. I still have a long way to go to be complete debt free, but I’m celebrating every win.

 

[Yapdatfool]

Fixed for me. I've made this bed, I must find & work my way out of it.

WELL...
Goal this year is to pay off my remaining car note (10k) between august-december of this year. Then start to SERIOUSLY stack bread between work and my side job(s) and look for new work in 2022.
I am almost debt free brehs...

 

[South Paw]

I remember when I had an 850 FICO score. Good times. When I paid off my installment loan my FICO score gradually fell until it reached the upper 700s. It's been stuck there ever since. Sometimes I'd get to 800 or a little over but with no installment loan my FICO score was extra sensitive to whatever credit card balances I had. Now that I have a small car loan I can't get back much above 800 because it's too new at 1.5 years out of 5.

Keep in mind that VantageScore is not worth much. Almost nobody uses it. You need a FICO 2, 4, 5, or 8 score. Amex will give you a FICO 8 score free from Experian. Discover will give you a free FICO 8 score from Transunion. My Experian is 808 and my Transunion is 796. On Credit Karma it says my Transunion VantageScore is 819 so a 23 point difference. FICO 8 scores are almost always higher than the older 2, 4, and 5 scores sometimes by 20-30 points. Those older FICO scores are used for mortgages. The 8 is used for credit cards and auto loans.

Yeah I tried to refi my house and the scores my mortgage company pulled and credit karma were like almost 100 points apart

 

[Rell Lauren]

Getting used to spending cash instead of credit has been an adjustment. Want to pay off the remaining balances on my Cap One and Discover before I even consider it again.

 

[Yapdatfool]

WELL...
Goal this year is to pay off my remaining car note (10k) between august-december of this year. Then start to SERIOUSLY stack bread between work and my side job(s) and look for new work in 2022.
I am almost debt free brehs...

fukk all that, paid that bytch off TODAY

 

[Atlrocafella]

If all goes well, I should be making my final payment on this Pepboys CC by July, which should save me $150 a month going forward. Debt free journey continues