- This topic has 305 replies, 29 voices, and was last updated 16 years, 10 months ago by
Coronita.
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February 17, 2008 at 9:27 AM #154842February 17, 2008 at 9:55 AM #154477
Running Bear
ParticipantDJ,
I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.
My2Cents
February 17, 2008 at 9:55 AM #154752ParticipantDJ,
I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.
My2Cents
February 17, 2008 at 9:55 AM #154762ParticipantDJ,
I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.
My2Cents
February 17, 2008 at 9:55 AM #154775ParticipantDJ,
I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.
My2Cents
February 17, 2008 at 9:55 AM #154854ParticipantDJ,
I would have a look at the fine print. I would not assume the credit card would stay at 0%. In fact, I would be shocked if it didn’t go up. Get some prof help and make sure you know all of the things that are going to be negatively impacted with your credit taking a hit. You might be better off cutting down your costs big time for a short time and paying off the CC debt before walking away.
My2Cents
February 17, 2008 at 10:52 AM #1545064plexowner
ParticipantB of A raising credit card interest rates across the board
February 17, 2008 at 10:52 AM #154784ParticipantB of A raising credit card interest rates across the board
February 17, 2008 at 10:52 AM #154793ParticipantB of A raising credit card interest rates across the board
February 17, 2008 at 10:52 AM #154806ParticipantB of A raising credit card interest rates across the board
February 17, 2008 at 10:52 AM #154883ParticipantB of A raising credit card interest rates across the board
February 17, 2008 at 5:49 PM #154607equalizer
ParticipantHere are some tough questions for you that if you can answer will get you more informed solutions and just maybe a little sympathy. You really need to talk to CPA/lawyer because it seems to all you have learned is that you must have tax deductions without thinking about property taxes, Mello-Roos, Home owners fees, maintenance, etc. What tax bracket are you in and do you have a simple tax return with just salary? What are your major expenses – car payments, etc?
You stated that you wanted good school district for your child and automatically bought property. Did you think about renting a 2 bedroom place for 2 years and then decide what to do? You moved here from a lower cost city and you wanted to keep you standard of living the same, right? Or were you scared by the prices just going up and thought that if you don’t buy now, that you will never own a place. Good luck.
February 17, 2008 at 5:49 PM #154884ParticipantHere are some tough questions for you that if you can answer will get you more informed solutions and just maybe a little sympathy. You really need to talk to CPA/lawyer because it seems to all you have learned is that you must have tax deductions without thinking about property taxes, Mello-Roos, Home owners fees, maintenance, etc. What tax bracket are you in and do you have a simple tax return with just salary? What are your major expenses – car payments, etc?
You stated that you wanted good school district for your child and automatically bought property. Did you think about renting a 2 bedroom place for 2 years and then decide what to do? You moved here from a lower cost city and you wanted to keep you standard of living the same, right? Or were you scared by the prices just going up and thought that if you don’t buy now, that you will never own a place. Good luck.
February 17, 2008 at 5:49 PM #154892ParticipantHere are some tough questions for you that if you can answer will get you more informed solutions and just maybe a little sympathy. You really need to talk to CPA/lawyer because it seems to all you have learned is that you must have tax deductions without thinking about property taxes, Mello-Roos, Home owners fees, maintenance, etc. What tax bracket are you in and do you have a simple tax return with just salary? What are your major expenses – car payments, etc?
You stated that you wanted good school district for your child and automatically bought property. Did you think about renting a 2 bedroom place for 2 years and then decide what to do? You moved here from a lower cost city and you wanted to keep you standard of living the same, right? Or were you scared by the prices just going up and thought that if you don’t buy now, that you will never own a place. Good luck.
February 17, 2008 at 5:49 PM #154906ParticipantHere are some tough questions for you that if you can answer will get you more informed solutions and just maybe a little sympathy. You really need to talk to CPA/lawyer because it seems to all you have learned is that you must have tax deductions without thinking about property taxes, Mello-Roos, Home owners fees, maintenance, etc. What tax bracket are you in and do you have a simple tax return with just salary? What are your major expenses – car payments, etc?
You stated that you wanted good school district for your child and automatically bought property. Did you think about renting a 2 bedroom place for 2 years and then decide what to do? You moved here from a lower cost city and you wanted to keep you standard of living the same, right? Or were you scared by the prices just going up and thought that if you don’t buy now, that you will never own a place. Good luck.
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