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to pay or not to pay

December 30th, 2008 at 02:28 pm

We had to buy the fridge err, last month? time flies when you are busy, and sleep deprived.

We used a store CC with the 0% till, sometime next year offer.

Now I could pay it off, or I could wait.

I sent the first payment, but not the whole balance. just to delay the answer. But today I am online early for the sole purpose of paying bills. I just have to decide how much.

Posted in Complaint department | 7 Comments »

7 Responses to “to pay or not to pay”

  1. merch Says:
    December 30th, 2008 at 02:40 pm 1230648042
    1230648042

    If you have the money, you should just pay it and get it over with.

    Just my thoughts.

  2. disneysteve Says:
    December 30th, 2008 at 02:54 pm 1230648886
    1230648886

    If it is 0%, I'd make just the minimum payments until the final month. Why give them the money any sooner than you have to? Keep it in your account earning interest.

  3. beautissamiss Says:
    December 30th, 2008 at 03:22 pm 1230650523
    1230650523

    pay it off. I had a deal with one place that I had a few months to pay it off with no interest and I waited because, why pay it when its not really hurting you? Well, I didn't read the fine print and it said that if I didn't pay it off by that month then all the interest that hadn't been applied earlier would be applied that month. All the work I had done in paying the bill was completely wasted beause I ended up having to pay more than I charged.

  4. princessperky Says:
    December 30th, 2008 at 03:23 pm 1230650625
    1230650625

    Heh, those are the exact two sides warring in me Smile.

    Mostly I figure I am an idiot and would forget or something.

    Mathematically, that money does me more good in my account...

  5. Ms. Pearl Says:
    December 30th, 2008 at 03:32 pm 1230651149
    1230651149

    I say pay it now.

  6. nanamom Says:
    December 30th, 2008 at 04:49 pm 1230655763
    1230655763

    I say pay it a month early. That way you get the interest on the money most of the time and you avoid any fine print problems.

  7. Broken Arrow Says:
    December 30th, 2008 at 06:53 pm 1230663221
    1230663221

    If it was up to me, I'd wait until the last month, because I am getting 5% interest at my credit union, and it doesn't take a whole lot for me to wait to pay it off.

    But I assume the balance isn't huge or anything, so even with 5%, the gain wouldn't be all that big anyway, so feel free to pay it off right now.

    In the end, I don't think you can go wrong either way.

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