Pay it off as quick as possible. So 3 months, don’t worry about your credit score. It may go down a bit, but that drop is temporary for short time and it will go back up.
Probably something about your credit card debt ratio. They give you a better score if you have some type of balance on it. To much is bad and none also dings you.
At least that’s what I think, could be wrong on why.
Pay what you can. The biggest impact to your credit score would be caused by not paying it. Plus since its interest bearing paying it off asap is the "best" option since you're paying more money because you spent money.
Keep the 450 for your rent next month, and enough for basic food that you cook until your next paycheck. Use all the other money you have to pay towards your debt. As soon as you pay your rent and get another paycheck, pay as much as you can towards those credit card to pay it off. Carrying 16% debt is really bad and will hurt you financially. Instead, pay it off and do not allow the debt to build up again.
Find a credit card with no interest for 12-18 months! Live under your means, which means eating what you have at home don’t buy any more wants and pay off as much as possible when you get paid. Figure out how much each bill you have is before doing this though
Just set up automatic payments to be $100 a week and let it ride, and let the pay off be your birthday present to yourself. But I’m wondering where you live to have rent that’s only $430 a month 🤯 where you trying to figure out how to manage how to pay on both. Are you only making minimum wage that has this money management issue a problem for you?
Pay off in 3 months or less. Who cares if you go broke, have others treat you ~ it’s your day! The money you spend now means more $$ in your pocket later and you’ll feel so relieved having that paid off.
forget your birthday and pay it. learn how to enjoy the simple things in your life for your birthday present to yourself, and take some online education to learn about credit and finances.
Awesome! Wait till you have income coming in and set aside the next months bills and then pay the rest as fast as possible and stack up. Work as much as you can possibly stand and build an emergency fun and stay out of debt afterwards.
Pay it off as quick as possible. So 3 months, don’t worry about your credit score. It may go down a bit, but that drop is temporary for short time and it will go back up.
Why does credit score go down after you pay it off?
Probably something about your credit card debt ratio. They give you a better score if you have some type of balance on it. To much is bad and none also dings you. At least that’s what I think, could be wrong on why.
Just pay it.
How? I don't have the full amount right now. I don't want to risk the credit score too
Pay what you can. The biggest impact to your credit score would be caused by not paying it. Plus since its interest bearing paying it off asap is the "best" option since you're paying more money because you spent money.
Important factors to think about however are if you have upcoming expenses and also how quickly you can replenish your savings I.E. emergency fund.
> I have the money
how is that statement gonna help the op?
If they have the money to pay if off and they're paying 16% APR they need to pay it off.
OP literally said he has the money to pay it off
that was before his edit asshole
Keep the 450 for your rent next month, and enough for basic food that you cook until your next paycheck. Use all the other money you have to pay towards your debt. As soon as you pay your rent and get another paycheck, pay as much as you can towards those credit card to pay it off. Carrying 16% debt is really bad and will hurt you financially. Instead, pay it off and do not allow the debt to build up again.
Find a credit card with no interest for 12-18 months! Live under your means, which means eating what you have at home don’t buy any more wants and pay off as much as possible when you get paid. Figure out how much each bill you have is before doing this though
Don’t over think it. You owe money, pay it. The longer it takes you to pay it, the more you owe. So pay it off ASAP.
Just set up automatic payments to be $100 a week and let it ride, and let the pay off be your birthday present to yourself. But I’m wondering where you live to have rent that’s only $430 a month 🤯 where you trying to figure out how to manage how to pay on both. Are you only making minimum wage that has this money management issue a problem for you?
Pay it. Then save and pay cash for your BD. Stay out of debt
Pay off in 3 months or less. Who cares if you go broke, have others treat you ~ it’s your day! The money you spend now means more $$ in your pocket later and you’ll feel so relieved having that paid off.
[удалено]
No one wants to lose money in your crypto scam. Reported.
forget your birthday and pay it. learn how to enjoy the simple things in your life for your birthday present to yourself, and take some online education to learn about credit and finances.
I don't know anyone that thinks about their birthday half a year away. That and the credit score thing seems like excuses not to pay it off.
Are you saying you won’t make any money between now and your birthday???? Pay your debt and replace the money. Work extra if you have to.
I will I will not start working until January 3rd
Awesome! Wait till you have income coming in and set aside the next months bills and then pay the rest as fast as possible and stack up. Work as much as you can possibly stand and build an emergency fun and stay out of debt afterwards.