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Viewing profile - k11

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k11
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Joined: Sun Mar 04, 2012 9:15 pm
Last visited: Tue Mar 17, 2015 4:16 pm
Total posts: 28
[0.03% of all posts / 0.02 posts per day]
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Most active forum: Personal Finance
[ 23 Posts / 82.14% of user’s posts ]
Most active topic: Should I pay off my mortgage on overseas property
[ 9 Posts / 32.14% of user’s posts ]

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k11 Posts

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 Forum: Personal Finance   Topic: Financial mess-help please

Posted: Tue Jun 03, 2014 9:06 pm 

Replies: 10
Views: 1540


House: Mortgage 1900 electricity 100 water-sewer 130 house insurance 70 Household 0 pool 0 grass 0 Internet/TV 100 HOA 50 scorpions treatment 65 home warranty 65 security system 55 Your housing cost is $2500+. Why not downsize. Since you bought a year and half ago, you should be up nicely. AZ RE ma...

 Forum: Fiscal Fitness Journals   Topic: Managing $0.5 million in debt (Starting w/$35k credit cards)

Posted: Thu Jan 24, 2013 9:57 am 

Replies: 31
Views: 10258


Did a quick check; the best among my current cards would give me is 1% for a year with a 3% transfer fee. If I applied for and got a Navy Federal card, they offer 0% for a year with no transfer fee. The difference of a combined 4% would be near $1,000 in interest for the 12 months... I wonder how I...

 Forum: Fiscal Fitness Journals   Topic: Managing $0.5 million in debt (Starting w/$35k credit cards)

Posted: Wed Jan 23, 2013 3:02 pm 

Replies: 31
Views: 10258


Recently opened New credit can also ding you a little bit. Also average age of accts might go down little bit depending on age of your other cards. Of course, recent credit pull to apply for new card will also affect. It might be a very small impact, especially if you have lot more aged accounts and...

 Forum: Fiscal Fitness Journals   Topic: Managing $0.5 million in debt (Starting w/$35k credit cards)

Posted: Wed Jan 23, 2013 8:36 am 

Replies: 31
Views: 10258


I'm not sure this is correct. If you do a balance transfer from one CC to another with a lower interest rate, how does it increase your utilization? You still have the same CC debt balance whether it's on one card or another. I'll give you that your balance may go up slightly initially due to the 3...

 Forum: Fiscal Fitness Journals   Topic: Managing $0.5 million in debt (Starting w/$35k credit cards)

Posted: Tue Jan 22, 2013 2:19 pm 

Replies: 31
Views: 10258


Doing a BT impacts your credit score as it increases utilization. Personal loans does not affect utilization as it is categorized as installment loan and not as revolving credit. So a $20K BT will ding you more than a $20K personal loan. Of course, BT are cheap (0-3%) and Personal loans start at 7%+...

 Forum: Fiscal Fitness Journals   Topic: Managing $0.5 million in debt (Starting w/$35k credit cards)

Posted: Tue Jan 22, 2013 9:12 am 

Replies: 31
Views: 10258


Did you look at Lending Tree/Prosper/Personal Loan to move that $21K.

 Forum: Personal Finance   Topic: Smaller paychecks in 2013?

Posted: Wed Jan 16, 2013 9:34 am 

Replies: 94
Views: 9023


Article author says Chained CPI method for COLA is a significant benefit cut.

http://blogs.marketwatch.com/encore/2013/01/16/be-honest-about-the-social-security-cola/

 Forum: Personal Finance   Topic: Lowering credit card interest rate

Posted: Wed Jan 16, 2013 8:46 am 

Replies: 8
Views: 2362


I wasn't late two months, although it would seem that way. Apparently they can raise the rate even if you've been a cardholder for years, never missed a payment, and are late by a day. What are the implications of consolidating debt? Does it affect your credit score to move around debt like this? I...

 Forum: Personal Finance   Topic: Lowering credit card interest rate

Posted: Wed Jan 16, 2013 8:43 am 

Replies: 8
Views: 2362


Store cards are generally the worst. High interest rates and low lines.
They also affect your overall credit profile. Try to avoid using them.

Go for mainstream cash-back cards.

 Forum: Personal Finance   Topic: Smaller paychecks in 2013?

Posted: Mon Jan 14, 2013 12:54 pm 

Replies: 94
Views: 9023


So, you've gone from increasing federal income tax rates to eliminating a SS benefit for anyone (and I read married couples as well) making barely over a "poverty" wage and for those who do get a benefit, for the states to tax it as well? It is quite a shame you can't be elected President...

 Forum: Personal Finance   Topic: Lowering credit card interest rate

Posted: Mon Jan 14, 2013 8:32 am 

Replies: 8
Views: 2362


The interest rate is crazy high. Were you late 2+ months?
Amex is probably the worst card to carry the debt.

Try to move your debt to other cards.

Also try debt consolidation loans, look at Lending Club and Prosper.
Check up your local credit unions too.

 Forum: Personal Finance   Topic: Smaller paychecks in 2013?

Posted: Mon Jan 14, 2013 8:30 am 

Replies: 94
Views: 9023


I would be interested in seeing this study about the COLA becoming "smaller gradually" and increasing the contribution limits makes SS "last longer." Everything I have read shows that neither of the things you mention will independently make SS "sustainable," but I wou...

 Forum: Personal Finance   Topic: Lowering credit card interest rate

Posted: Sun Jan 13, 2013 7:25 pm 

Replies: 8
Views: 2362


Can you share the rate. CC companies sometimes cannot lower beyond a certain point, unless under the hardship program, where they will close your cards and put you on payment plan. I work for one of CC companies, (ofcourse not Amex) we have reduced rates for many. If you are at 20+% then there might...

 Forum: Personal Finance   Topic: Smaller paychecks in 2013?

Posted: Sun Jan 13, 2013 7:15 pm 

Replies: 94
Views: 9023


My company pays 3% of salary into 401K whether you contribute or not. They were doing matching only few years ago. Something like that for the whole 12.4% (SS contrbution) would yeild some serious bucks down the road. Fixing SS seems very complex. Only way SS would last longer is if COLA becomes sma...
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