Hot answers tagged

53 votes

Why am I being declined for credit card offers?

You are probably being declined for the same reason your interest rate spiked. Contact all the credit rating agencies and ask for a copy of your report; in the US they're each required to give you one ...
keshlam's user avatar
  • 45k
23 votes

Why am I being declined for credit card offers?

From one of your comments: It would take next paycheck (1/2 of month's pay) to pay off current credit card amount to $0. The only reason I keep using it, is using debit card is dangerous, I'm ...
mhoran_psprep's user avatar
23 votes
Accepted

0 APR Promotional Offer For Credit Cards

Would you be able to get the same promotional offer again? You can't get the promotional offers on the same card immediately, and some are once in a lifetime. You might be able to string together ...
Hart CO's user avatar
  • 70.4k
19 votes

Should I pay off mortgage or invest in CD?

Assume I have $50,000 loan that I could pay off (2.875 rate) which I could invest in CD with 5.5 rate for 12 months, could anyone please tell me what would be the correct calculations? Thanks! ...
Hart CO's user avatar
  • 70.4k
13 votes

Why am I being declined for credit card offers?

You have a number of helpful rights that you can assert any time that you are denied credit. The Equal Credit Opportunity Act requires creditors to explain to you exactly why you were denied credit ...
bta's user avatar
  • 2,557
10 votes

0 APR Promotional Offer For Credit Cards

There is already a great answer here, but I'd like to add something that is slightly more than a comment. You wrote: what happens if you cancel the card later (with no remaining balance) and would ...
Tashus's user avatar
  • 201
8 votes

Should I pay off mortgage or invest in CD?

I think you have a decided advantage with the limited duration of 12 months on the CD. The difference between the rates is minor, but not insignificant, especially when you consider the return on ...
fred_dot_u's user avatar
7 votes

Why am I being declined for credit card offers?

If you have a high score with no missed payments then most likely the problem is one of these two: You recently applied for credit cards or other loans. I opened three credit cards in January of this ...
Nosjack's user avatar
  • 8,495
6 votes

Should I pay off mortgage or invest in CD?

I actually made a google sheet comparing basically what you are talking about a while ago. The sheet isn't perfect and there are some missing variables but you can sort of see what math is involved in ...
jesse_b's user avatar
  • 424
4 votes

0 APR Promotional Offer For Credit Cards

I previously managed several credit cards, often getting one with a 0 APR ahead of big expenses. Some banks offered cash rewards for meeting spending targets in the initial 3 months, allowing me to ...
Parvez's user avatar
  • 347
2 votes
Accepted

If APY factors compounding (while APR doesn't), shouldn't APY always be higher than APR?

Why is this lower? Does the APY for amortization schedules work differently (because interest is front-loaded or whatever)? But since the loan only lasts one year, how would that even make a ...
Hart CO's user avatar
  • 70.4k
1 vote

Should I pay off mortgage or invest in CD?

I am a no debt guy, and with the current market situation I would invest in CDs, t-bills or bonds rather than pay off my mortgage. Buying those instruments through a broker like Fidelity is easy and ...
Pete B.'s user avatar
  • 76.3k

Only top scored, non community-wiki answers of a minimum length are eligible