Author Topic: I Owe Chase $25k from CC  (Read 6504 times)

Online avromie7

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Re: I Owe Chase $25k from CC
« Reply #45 on: February 01, 2018, 02:38:06 PM »
I canít get approved, too much debt. I tried huca
I'm going to assume you're married, can your spouse get a 0% interest card?
I wonder what people who type "u" instead of "you" do with all their free time.

Offline 12HRS

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Re: I Owe Chase $25k from CC
« Reply #46 on: February 01, 2018, 02:54:04 PM »
do you have any business credit cards? shift all your spending over to those cards to hide the debt and then once your cs goes up you can open a 0% APR card and should be easier to get approved

Offline mmgfarb

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Re: I Owe Chase $25k from CC
« Reply #47 on: February 01, 2018, 02:58:18 PM »
do you have any business credit cards? shift all your spending over to those cards to hide the debt and then once your cs goes up you can open a 0% APR card and should be easier to get approved
That's actually a good idea, you can even just transfer the balance by buying VGC on the biz cards and using that to pay off the personal cards.
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Offline davidmal

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Re: I Owe Chase $25k from CC
« Reply #48 on: February 01, 2018, 03:20:21 PM »
OP, why not just continue paying minimums until you can the money to pay off the debt? Sure, you'll pay interest, but your credit will remain good. Another option to consider is to apply now for a balance-transfer 0% interest card and park the debt there for 18 months while you work it out.
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Offline ckmk47

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Re: I Owe Chase $25k from CC
« Reply #49 on: February 01, 2018, 03:22:21 PM »
That's actually a good idea, you can even just transfer the balance by buying VGC on the biz cards and using that to pay off the personal cards.
Purchase fees add up pretty quickly with that many VGCs, but would work.

Online avromie7

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Re: I Owe Chase $25k from CC
« Reply #50 on: February 01, 2018, 03:25:32 PM »
Purchase fees add up pretty quickly with that many VGCs, but would work.
But you don't pay a 3% transfer fee (Plus extra points)
I wonder what people who type "u" instead of "you" do with all their free time.

Offline ckmk47

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Re: I Owe Chase $25k from CC
« Reply #51 on: February 01, 2018, 03:27:50 PM »
But you don't pay a 3% transfer fee (Plus extra points)
+1!
The fees are at least 1%.  But that's less than 3%+

Offline Mountain Man

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Re: I Owe Chase $25k from CC
« Reply #52 on: February 01, 2018, 03:29:51 PM »
Purchase fees add up pretty quickly with that many VGCs, but would work.
With points should be a wash.
But you don't pay a 3% transfer fee (Plus extra points)
But my concern with suggesting this route is that it can lead him into more trouble. Also, it's not as easy as it used to be to unload vgc and if he's going the MO route he might be better off with GC Mall and TCB  (which if he hits hard enough could solve his whole issue in the first place).

There's a plethora of options available. But it seems to me he has a cashflow or spending issue more than he has a debt issue.
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Re: I Owe Chase $25k from CC
« Reply #53 on: February 01, 2018, 03:33:45 PM »
With points should be a wash.But my concern with suggesting this route is that it can lead him into more trouble. Also, it's not as easy as it used to be to unload vgc and if he's going the MO route he might be better off with GC Mall and TCB  (which if he hits hard enough could solve his whole issue in the first place).

There's a plethora of options available. But it seems to me he has a cashflow or spending issue more than he has a debt issue.
Any MS method would work.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline Buruch

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Re: I Owe Chase $25k from CC
« Reply #54 on: February 01, 2018, 05:40:37 PM »
do you have any business credit cards? shift all your spending over to those cards to hide the debt and then once your cs goes up you can open a 0% APR card and should be easier to get approved

This, or even a personal card could work. I've floated 10-12k on cards with vgc and MOs for a few months in order to defer income to the next year for tax purposes. Do that, and get a no interest card like slate.

Offline coralsnake

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Re: I Owe Chase $25k from CC
« Reply #55 on: February 02, 2018, 01:01:00 AM »
Don't forget that the bank has no incentive to negotiate a penny as long as you're paying them as agreed.
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Offline Yammer

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Re: I Owe Chase $25k from CC
« Reply #56 on: February 02, 2018, 01:12:19 AM »
For 7 Years!? So if I want to buy a house within the next seven years, I canít do this, right?
How's your wife's credit?

Offline ChaimMoskowitz

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Re: I Owe Chase $25k from CC
« Reply #57 on: February 02, 2018, 07:01:28 AM »
The fees are at least 1%. 
Some are less than 1%.
I just found a new supply of forks!

Offline YesThatsMe

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Re: I Owe Chase $25k from CC
« Reply #58 on: February 04, 2018, 03:18:10 PM »
This, or even a personal card could work. I've floated 10-12k on cards with vgc and MOs for a few months in order to defer income to the next year for tax purposes. Do that, and get a no interest card like slate.

Mind explaining this a bit more in detail please?

Offline Luvisrael

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Re: I Owe Chase $25k from CC
« Reply #59 on: February 04, 2018, 04:20:41 PM »
Can u do balance transfer between spouses, or names have to be on account? Does a spouse as an AU work on that end?