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Surreal Awakening

To be patient or not to be patient, that is the (loan related) question

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Well, I'm happy to report that it is small victory Friday here. NASA approved my recon. My NASA Visa remains with a $5k balance, but it remains OPEN. Everything else that I requested will be consolidated.

 

Thank you nooneimportant for your insight into the lending, and to mendel for steering me on a solid path for paying things down. This is a great community here and I've been learning a lot.

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Not a great rate, 17.99%. But I figure in 6-12 months, once I get my scores back in shape hopefully I can either look to refi with NASA or another bank. In the short term though, no more high utilization, and I can get a handle on paying down my debt in a defined time frame. It gives me room to maneuver.

 

 

Sent from my iPhone using Tapatalk

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Not a great rate, 17.99%. But I figure in 6-12 months, once I get my scores back in shape hopefully I can either look to refi with NASA or another bank. In the short term though, no more high utilization, and I can get a handle on paying down my debt in a defined time frame. It gives me room to maneuver.

 

 

Sent from my iPhone using Tapatalk

Did you do the math to make sure that is going to save you money?

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As long as I pay more than the minimum, which I had planned to do anyway, it will work out. Not an optimal solution, but a stepping stone.

 

 

Sent from my iPhone using Tapatalk

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I completed a signature loan some time ago.... $22,000.00 credit card consolidation. The terms were that I close all accounts I was paying off - the V.P. of lending mandated this. His reasoning was so I did not then run up the balances and bury myself in debt.

 

Of course all I did was request new cards ( the bank actually wanted my cards, ahhha )..... Cool that NASA wasn't that ridiculous to you. Congrats! Hope it helps you!!!

 

HL

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