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I need a credit card (i think)
daywane:
ever listen to Dave Ramsey on the radio?
I do.
I have fallowed his rules as best as I could.
I have not been able to do the baby steps for emergency fund.
well I guess i could / should have.
I put all motivation in paying off all bills.
I have no bill other than utilities.
medical bills are racking up fast.
each hospital visit is $250.00 up front. Co pays at Doctor visits are running $15 to $30.00
Pelvics alone was $50.00
Now there telling me to toss them!!!! Screw That , I gave them to my Step Father... save him a months supply
I went to get a loan... I thought with a $50,000 dollar home as collateral I was golden. :laugh2:
I found out the bank wanted closing cost! $250.00 + intrest on a simple $2,000 dollar loan!
after some reseach I find this a common practice.
$125.00 for lawyer
$100.00 for bank
$25.00 for court house
:banghead:then add intrest for loan!!! screw that
OK now I hit problem.
I have no credit history. 2 bank loans ... Paid off early . 10 years ago
credit card paid of 10 years ago.
bank said I have no credit report!
how is the best way to get a credit card?
Or should I tap into 401K and pay medical bill and just pay back the 401k?
pinballwizard79:
Tap the 401k since you cannot get a 0% card, at least the interest you pay on teh 401k goes back to you.
Those costs are normal, they have to record the debt in city hall if its against your house & have a notary sign off on a legal document which may require a lawyer depending on your state & of course the bank has a processing fee......... Mortgage closing costs are from $5k to $25k all day long in some cases BTW.
shardian:
Yes you need a credit card to build your credit.
No you shouldn't tap your 401k except as an absolute last resort. General Hospitals cannot refuse you service, and will generally leave you alone collection wise as long as you make some sort of payment.
DaOld Man:
I agree with Shardian on the no tapping of the 401 K.
Unless you are at a certain age, Uncle Sam will rip you a new one in fees and taxes.
(Taxes suck... TEA!!)
Blanka:
American creative financing is the source of the financial crisis. With all this neurotic crap I totally understand :laugh:
Get a bank account in Iceland. Even those are better!
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