Before Our Credit is ruined

Budget101 Discussion List Archives Budget101 Discussion List Before Our Credit is ruined

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    • #261046

      Hello, i am new to the group but would like to offer my advice as a

      mortgage professional. I looked at credit reports all day long and

      when we were thinking of giving a home to a potential homeowner do

      you think we looked at how well they paid there best buy card, all we

      cared about when deciding what rate to give was the mortgage payment

      history and yes there are people that thought paying best buy or

      ashley stewart was more important than there house. See paying your

      house is more important that any unsecured credit card. If you

      continue to pay your house you will build equity and if you needed

      money for some unforeseen reason you can get it out of your house.

      Unlike credit cards if you are near the top of the line of credit and

      ask for more they will say no. Please if the choice is between the

      house and the credit cards pick the house everyday, it will help you

      in more ways then you can imagine. I guess if the house payment is

      $1000 and you not paying it means you save that to pay the cards that

      is a option, but if your cards are lets just say $500 and you stop

      paying them and that $500 you can put in savings. Where as the $1000

      was going to just pay more bills. I know how you feel but your house

      is worth so much more than a credit card, and if you are afraid you

      will never get one again, you will even if it is a secured with your

      own money eventually it will become insecured. just my opinion.

      Take care, Toni

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Budget101 Discussion List Archives Budget101 Discussion List Before Our Credit is ruined