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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,977
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Randy,
What he is doing is that he is applying for new credit cards every few months that have a 3-4% interest rate, then bouncing balances around from card to card to try to keep things low.
What he does not realize is that eventually no one will give him a new card and his FICO has to be very low by his doing this. Whats going to happen when these balloon up to 18-21% and he cannot get anymore cards to transfer balances to ?
He is not thinking ahead (or not thinking at all) but its not my problem...
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB
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