I have worked so hard at getting scores up and credit card balances down, Im getting alot of credit card offers I was considering, but then we went truck shopping! I decided credit wise, this was best for me and my situation..
Instead of paying my balances down to 10% on the rest of my 3 large cards and pay my other balances off to PIF as I had been, I took the cash and bought me new Truck!! I couldnt see any sense in paying off my car of 11,000.00 and putting 10,000.00 down and add a bunch of inquiry’s to finance this, and still have a car payment when I could just pay cash and have 0% and no inquiry dings. My scores will tank short term, but I will have the cash in 60days or less to pay all my cards back off and still drop to 10% on the others like I wanted to. I’m not financing anything for a while yet so I have learned its ok , Fico has no memory and I will bounce back and be ok.
But I have to admit, my balances are almost ready to start reporting and its an anxiety rush to know they are not PIF!! But its ok!
I now have alot better handle on finances thanks to all the help and support I have gained from the forums and all the wonderful people willing to help share the information the has got me here!