|
I'm one of those idiots that's ruining the economy by not buying anything that I can't pay cash for (since divorced). No CC debt or car payment for last 22 yrs.
Well, not 100% true; took out a HELOC for an 08 Volvo C30 and have a small mortgage, both of which I could pay off, but with the tax write-off on the interest (interest only payments on the Volvo) the loans cost me about 3% in the end and I do better than that with the money left invested.
Paying off one's house isn't always the best business decision, depending on one's tax situation.
I have one VISA card through a credit union that is automatically payed off monthly. When I opened up the HELOC for the Volvo last Feb., I found out my FICO score is 848 (850 is max).
I may be helping to destroy the economy, but I HATE paying interest!
__________________
'82 SC RoW coupe
Last edited by DARISC; 09-15-2008 at 11:16 AM..
|