Re: Unsecured Personal Loan...

Posted by observer (152.163.189.170) on September 12, 2002 at 09:49:25:

In Reply to: Re: Unsecured Personal Loan... posted by CC Collector on September 11, 2002 at 23:12:29:

OK CC Collector. As Ann LAnders used to say, "30 lashes with a wet noodle"! Leave the Sears cars along with that 2.9% rate and pay it off. Take the $800 plus you owe on the 14.75% card and BT that to your 5.75%. If you have room on that card for the real estate course, put it on the card as well. If not, explore a student loan. Those carry very low rates and you don't began to repay for 6 months after you finish the course.
You're doing some things correctly and your though process is muddled on others. I applaud you for swearing off using credit cards for day to day purchases. In 50 or 60 years you'll be miles ahead of your peers wou took a different road. But, if they are the cheapest source of funding for items that need to be financed like education and training then don't be afraid to use them. I agree with Alma. You are just shifting debt about. You're not improving your position at all with a 15% rate. Only consolidate when the overall cost of money is lower than what you had. I'd call the bank back and say thanks but no thanks. Keep posting-you're learning!

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