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The best advice is to pay off your card each month. Dont carry a balance over. Your credit rating will take care of itself. They really really want to sell you stuff. Honest. For two low income yahoos, we have ridiculous credit lines. They're begging us to play. Daily.
Buying our house has been an amazing investment. The mortage lender, as usual, said we were approved for way more than we knew we could handle. We stayed in the price range we calculated and have done well. We had our home reappraised to rid us of mortgage insurance fees as it has almost doubled in value over the past 5 years.
We recently made the nerve racking decision to get a home equity loan. Lots of competitive options. As owners of a fixer upper, we decided to take advantage of a temporary city revitalization grant and build a new garage- the city picks up 25% of the cost if we live here 7 yrs, which is no problem. The loan is marketed with the same intensity as a credit card, the interest, the slipperiness of payments, only your house is the gamble. We are making payments far above the minimum looking at it as a strictly timed loan, rather than the convenient revolving credit, begging us to please spend!
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