UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: blkmagwom Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 309056  
Subject: Re: where to apply payment? Date: 8/12/2003 8:06 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
pay off Discover or Citibank and then see if you can get a lifetime BT at a low rate for some of the MBNA debt.

Here's an example...

Let's say you pay off Citibank and they will give you 5% until the card is paid off on whatever debt you transfer. Let's say your limit on that card is $7,000. Pay off Citibank.

Then transfer $6500 (so you don't go over the limit with interest charges) from MBNA to Citibank.

Then you can focus on paying down MBNA.

If you cannot get a lifetime cap on the interest rate, pay off the card that has the lowest regular interest rate - between Citibank or Discover. I think that might be Discover. Then BT part of the MBNA balance to Discover.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Supernova Explorer 1

The Follies of Market Timing
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.