synderella420 Posted January 2 Report Share Posted January 2 Okay I got money from a settlement and I was just thinking about paying all my debt off with it because it will cover it all!!Then I was talking to someone in work and they told me to put it into I-bonds so I dont know what to do...I still think I should just get myself out of debt with all these credit card bills but then my coworker said you are just going to run bills up again and piss all ur money aways anyway so what do u peeps think I should do???? Quote Link to comment Share on other sites More sharing options...
phuturephunk Posted January 2 Report Share Posted January 2 . . depends on whether you can honestly know that you will NOT get yourself into debt again . . I'd go for the debt reduction, cause the interest rates that CC companies charge you is insane . . the more you wait on them, the more sauce you're putting into their pockets. . but then again, if you're maxed out now and you pay everything off, just to go back into the hole again . . you wouldn't have have gotten yourself anywhere . . . . I vote for cutting down on the debt. . cause debt sux, and it, in effect enslaves you to other people . . Quote Link to comment Share on other sites More sharing options...
crazykid Posted January 2 Report Share Posted January 2 i'd say def get out of debt first. there will always be chances to make money, but not always the money to get out of debt. plus me personally i just hate knowing that i owe someone money. Quote Link to comment Share on other sites More sharing options...
Abstrakt Posted January 2 Report Share Posted January 2 Pay off your debt! You'll be doing your credit a BIG FAVOR And think about what a load of pressure you'll be taking off your shoulders. Quote Link to comment Share on other sites More sharing options...
foxyroxy20 Posted January 2 Report Share Posted January 2 get out of debt...i 'd def do that If I were you. Quote Link to comment Share on other sites More sharing options...
synderella420 Posted January 2 Author Report Share Posted January 2 I love your wisdom!!I was thinking the same thing cuz it is like I cannot get these fucking credit card bills down and since I have this lump sum I said fuck it pay it all off now! Cuz I am neva going to come into a lump sum again ya know!!!The fucking interest rates through the mofo roof!!But I cut up all my credit cards go me!!!! I will never let myself go into debt again credit cards suck big time!! :mad: Quote Link to comment Share on other sites More sharing options...
glowgrlnyc Posted January 2 Report Share Posted January 2 Originally posted by phuturephunk . . depends on whether you can honestly know that you will NOT get yourself into debt again . . I'd go for the debt reduction, cause the interest rates that CC companies charge you is insane . . the more you wait on them, the more sauce you're putting into their pockets. . but then again, if you're maxed out now and you pay everything off, just to go back into the hole again . . you wouldn't have have gotten yourself anywhere . . . . I vote for cutting down on the debt. . cause debt sux, and it, in effect enslaves you to other people . . I agree 100% Quote Link to comment Share on other sites More sharing options...
karch Posted January 2 Report Share Posted January 2 Pay off your debt. You'll pay the credit card companies the interest rate still, and you help your credit rating. Quote Link to comment Share on other sites More sharing options...
deeprock Posted January 2 Report Share Posted January 2 I agree with everyone on this thread. Plus, I Bonds are paying squat right now in terms of interest rate. Quote Link to comment Share on other sites More sharing options...
Codica3 Posted January 2 Report Share Posted January 2 I agree with everyone on this thread.. wow, looks like the CPers are not only party people, they're geniuses!! Quote Link to comment Share on other sites More sharing options...
breakbeatz2 Posted January 2 Report Share Posted January 2 treasury bonds will get you betw. 4 and 6% a year, company bonds with really good ratings will get you like 7, 8 maybe 9%. Credit card companies will charge you like 17 or 18% a year. Leave the debt, and you will be paying twice in interest (if not more) then you will be making of bonds. so, Pay off the DEBT!!!simple math:) Dima Quote Link to comment Share on other sites More sharing options...
quoth Posted January 2 Report Share Posted January 2 id say give my jobless ass some of that money so i can get out of debt too..kinda think of it as killing 2 birds with one stone Quote Link to comment Share on other sites More sharing options...
msoprano Posted January 2 Report Share Posted January 2 trust me get out of the debt if you can.....why give those bastards almost 20% interest,,,,,or you can take a loan out and consolidate your debt like that and use the money from the settelment to pay the loan back at a monthly rate...shop around for a bit and see if you can get a good rate first then make your decission...but the choice is easy...u must get out of debt before you do anything Quote Link to comment Share on other sites More sharing options...
sflover Posted January 2 Report Share Posted January 2 if u never defaulted on your payments - i.e. you've been paying at least the minimum every month - call the cc company & ask them to lower your interest rates - & then pay off the debt - it will def. improve your history like when u're gonna buy some property/car ... it'll pay off in the long run Quote Link to comment Share on other sites More sharing options...
synderella420 Posted January 2 Author Report Share Posted January 2 Originally posted by quoth id say give my jobless ass some of that money so i can get out of debt too..kinda think of it as killing 2 birds with one stone You fucking wish fuckstick!!!!! :laugh: Thanks for the advice everyone I am def going to go with my first instinct and get rid of all my credit card debt!!! Thanks Everyone you guys are da best Quote Link to comment Share on other sites More sharing options...
echostar Posted January 2 Report Share Posted January 2 invest in drugs Quote Link to comment Share on other sites More sharing options...
bigpoppanils Posted January 3 Report Share Posted January 3 Originally posted by trancend invest in drugs you might as well committ suicide:D Quote Link to comment Share on other sites More sharing options...
thehacker Posted January 3 Report Share Posted January 3 PAY OFF THE DEBTLIFE WITH A CLEAN SLATE IS SO MUCH EASIER TO HANDLE!!! Quote Link to comment Share on other sites More sharing options...
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