tag:blogger.com,1999:blog-9377933.post1157351795301997349..comments2023-11-05T03:48:31.411-05:00Comments on James Maxey - Jawbone of an Ass: What I can do.James Maxeyhttp://www.blogger.com/profile/16927848864775293278noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9377933.post-83310114607949939362008-10-06T17:10:00.000-04:002008-10-06T17:10:00.000-04:00Michael,Actually, I live in bizarro world when it ...Michael,<BR/><BR/>Actually, I live in bizarro world when it comes to credit. My car is financed at 7.99%, which was the best rate I could get for a used car at the time. My credit cards, on the other hand, are locked in rates of 2.99 and 3.99, plus a variable rate card pegged to the prime that's currently sitting at 4.49%. I do have one final card that's at 10.79, but it's got a small balance James Maxeyhttps://www.blogger.com/profile/16927848864775293278noreply@blogger.comtag:blogger.com,1999:blog-9377933.post-69699592986877121752008-10-06T10:02:00.000-04:002008-10-06T10:02:00.000-04:00Throwing my 2 coppers onto the barrel head...Pay t...Throwing my 2 coppers onto the barrel head...<BR/><BR/>Pay the credit cards off FIRST. They typically have the highest interest rates and compound interest is not your friend here. If you have more than one card, pay the minimums on all but the one w/the highest interest rate.<BR/><BR/>Take the one w/the highest interest and BLAST all your 'extra' debt destroying payments into it. When its at Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9377933.post-72250859406657639322008-10-04T09:04:00.000-04:002008-10-04T09:04:00.000-04:00Thanks. I hadn't heard that there were actual gove...Thanks. I hadn't heard that there were actual government quotas for these higher risk loans until now. <BR/><BR/>I used to work in finance back in the eighties and early nineties and saw back then that people who were bad with money were actually prize targets for lenders. People with good credit could get get, low interest loans. They paid them off on time or early, and lenders didn't make James Maxeyhttps://www.blogger.com/profile/16927848864775293278noreply@blogger.comtag:blogger.com,1999:blog-9377933.post-75962741720253684502008-10-03T19:09:00.000-04:002008-10-03T19:09:00.000-04:00Bravo and Godspeed! Or a suitable materalist equiv...Bravo and Godspeed! Or a suitable materalist equivalent ... [/tongue in cheek]<BR/><BR/>By the way, <A HREF="http://wsj.com/article/SB122298982558700341.html" REL="nofollow">good article</A> in the Wall Street Journal today that you will probably enjoy.Loren Eatonhttps://www.blogger.com/profile/12488412683340389286noreply@blogger.com