Comments on: A Negative Side Effect to Paying Down Credit Cards http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/ A Personal Finance and Investing Blog Thu, 04 Dec 2008 04:24:52 +0000 http://wordpress.org/?v=2.6.3 By: Chase (from The Credit Blog) http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-10301 Chase (from The Credit Blog) Thu, 27 Nov 2008 08:48:12 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-10301 I have to agree Marcel "only" 14.99% is ridiculous. I remember as a kid watching an old western movie where they were "smoking out the bandits" because they charged 15% interest which was usury. How did usury become legal and accepted again? I have to agree Marcel “only” 14.99% is ridiculous. I remember as a kid watching an old western movie where they were “smoking out the bandits” because they charged 15% interest which was usury.

How did usury become legal and accepted again?

]]> By: accounts jobs http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-9870 accounts jobs Fri, 31 Oct 2008 14:46:15 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-9870 Lenders sometimes look at the amount of available credit when considering a loan, so having a bunch of different consumer credit lines with no balance can actually be a black mark. Lenders sometimes look at the amount of available credit when considering a loan, so having a bunch of different consumer credit lines with no balance can actually be a black mark.

]]> By: NewSunSEO http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-8816 NewSunSEO Fri, 05 Sep 2008 21:41:50 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-8816 I think that early cash can be useful if it is needed in many cases. It is up to the person to be responsible not to use the credit cards or checks if they don't need them. I think that early cash can be useful if it is needed in many cases. It is up to the person to be responsible not to use the credit cards or checks if they don’t need them.

]]> By: Michael http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-2568 Michael Sat, 19 Jan 2008 10:18:45 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-2568 Seriously, if one is facing problem with credit cards which he use, then immediate action is just to close the account of that credit cards. Its a good step rather paying extras for your credit card, which is just unnecessary expense. Closing account can be the right step in such cases. Seriously, if one is facing problem with credit cards which he use, then immediate action is just to close the account of that credit cards. Its a good step rather paying extras for your credit card, which is just unnecessary expense. Closing account can be the right step in such cases.

]]> By: A Negative Side Effect to Paying Down Credit Cards » Personal Money Management Expert - Banking, Money Management, Taxes, Insurance, Investing, Retirement Planning http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-653 A Negative Side Effect to Paying Down Credit Cards » Personal Money Management Expert - Banking, Money Management, Taxes, Insurance, Investing, Retirement Planning Sat, 20 Oct 2007 23:05:04 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-653 [...] http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/ WidgetBucks - Trend Watch - [...] [...] http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/ WidgetBucks - Trend Watch - [...]

]]> By: Credit Cards http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-602 Credit Cards Thu, 11 Oct 2007 10:36:16 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-602 Hey...I agree your image on credit history is good. You are hoping good credit. So don’t be close the account still wait for another credit companies is offering good credit for that. Hey…I agree your image on credit history is good. You are hoping good credit. So don’t be close the account still wait for another credit companies is offering good credit for that.

]]> By: Brian http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-444 Brian Sun, 23 Sep 2007 17:28:09 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-444 Erabulus: It's definitely a difficult balancing act between having enough credit versus too much credit. I do sometimes use one of the cards (the one with the high balance) just to maintain a transaction history, but I suppose I could cancel the others. Erabulus: It’s definitely a difficult balancing act between having enough credit versus too much credit. I do sometimes use one of the cards (the one with the high balance) just to maintain a transaction history, but I suppose I could cancel the others.

]]> By: Moolanomy weekly roundup #9: “Rate Cut” edition | Moolanomy http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-442 Moolanomy weekly roundup #9: “Rate Cut” edition | Moolanomy Sun, 23 Sep 2007 14:11:27 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-442 [...] Financial Dominance, A Negative Side Effect to Paying Down Credit Cards [...] [...] Financial Dominance, A Negative Side Effect to Paying Down Credit Cards [...]

]]> By: Erabulus http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-439 Erabulus Sun, 23 Sep 2007 10:33:41 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-439 Regarding the cards you aren't using, I would worry more about having several open lines of credit, than about closing them down. Lenders sometimes look at the amount of available credit when considering a loan, so having a bunch of different consumer credit lines with no balance can actually be a black mark. To the lender that means you have the potential to get into trouble quite quickly, and are therefore higher risk. Regarding the cards you aren’t using, I would worry more about having several open lines of credit, than about closing them down.

Lenders sometimes look at the amount of available credit when considering a loan, so having a bunch of different consumer credit lines with no balance can actually be a black mark. To the lender that means you have the potential to get into trouble quite quickly, and are therefore higher risk.

]]> By: glblguy http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-391 glblguy Tue, 18 Sep 2007 16:51:16 +0000 http://www.financialdominance.com/a-negative-side-effect-to-paying-down-credit-cards/#comment-391 I just shred them and use the "shreddings" to light our outdoor fireplace :-) Makes good packing material for eBay stuff and gifts too! I think credit scores of over rated, so I wouldn't worry about it. I just shred them and use the “shreddings” to light our outdoor fireplace :-) Makes good packing material for eBay stuff and gifts too!

I think credit scores of over rated, so I wouldn’t worry about it.

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