Members guitarist17 Posted December 31, 2010 Members Share Posted December 31, 2010 Should I go ahead and buy that Engl Blackmore thats staring at me as well ya think??? Me with a $4000 Guitar center no interest for 12 months credit card was NOT my best idea.... :mad: :facepalm::facepalm: Link to comment Share on other sites More sharing options...
Members TruSlice Posted December 31, 2010 Members Share Posted December 31, 2010 You have year to pay it off, think you'll be fine.Just don't let a 5153 turn into a 4000 Link to comment Share on other sites More sharing options...
Members guitarist17 Posted December 31, 2010 Author Members Share Posted December 31, 2010 Soo, is that a yes I should buy more thingzzzz? :D :D Link to comment Share on other sites More sharing options...
Members kanamvar32 Posted December 31, 2010 Members Share Posted December 31, 2010 Do you anticipate being able to pay off the $4k w/no issues within 12 months (as well as making the monthly minimum payments)? Plus, if your limit is $4k it is generally better to be below $2000 utilization at any given time. Link to comment Share on other sites More sharing options...
Members Ovid9 Posted December 31, 2010 Members Share Posted December 31, 2010 Merely because you can spend up to 4k probably doesn't mean you should. Especially since those no interest cards are great, but if you don't pay it off they hit you with ALLLLLL the interest. Dunno if that's how GC's works, but keep that in mind.Why not pay off half the 5153 before buying anything else? I mean, it sorta looks like you have some nice stuff already. Debt has a tendency of piling up. *This is all said without knowledge of income, financial status etc.* Link to comment Share on other sites More sharing options...
Members pioneerprogress Posted December 31, 2010 Members Share Posted December 31, 2010 No. Do not put anything else on that card til you have paid off the amp you have just purchased.That way, you'll know if you are able to keep up the payments you need to make to avoid the interest.If you can, and feel confident your financial situation will not change for the worse, THEN buy something else with it. Yeah, I know, it's fun to think about what else you can buy. What's not fun is actually paying for it. Link to comment Share on other sites More sharing options...
Members Edge11 Posted January 1, 2011 Members Share Posted January 1, 2011 Pay the 5153 AND then buy the engl. Link to comment Share on other sites More sharing options...
Members TruSlice Posted January 1, 2011 Members Share Posted January 1, 2011 Credit is never paid off as fast as you would hope, just be careful for goodness' sake. I had a lot of debt in gear that I never actually paid for when I was younger, don't let the same happen to you. Link to comment Share on other sites More sharing options...
Members BYONDtheEMBRACE Posted January 1, 2011 Members Share Posted January 1, 2011 Whats your intrest rate? Link to comment Share on other sites More sharing options...
Members BYONDtheEMBRACE Posted January 1, 2011 Members Share Posted January 1, 2011 Your silence makes me think.....29.9? Link to comment Share on other sites More sharing options...
Members Ovid9 Posted January 1, 2011 Members Share Posted January 1, 2011 Well, if its the preferred player card its between 22.9-26.9 it looks like. Link to comment Share on other sites More sharing options...
Members dropthisd Posted January 1, 2011 Members Share Posted January 1, 2011 I hope you at least read about the terms and which bank is financing or you could end up with 79.9% APR deal. read here I posted this link months ago. Banks are looking for new suckers. Link to comment Share on other sites More sharing options...
Members BYONDtheEMBRACE Posted January 1, 2011 Members Share Posted January 1, 2011 Well, if its the preferred player card its between 22.9-26.9 it looks like. Yea, thats rediculous. Good luck with that {censored}. Way to ring in the new year. Charge it up! Link to comment Share on other sites More sharing options...
Members Ovid9 Posted January 1, 2011 Members Share Posted January 1, 2011 Well, its not a problem if you pay it off. But...yeah, if you don't..... :lol: Link to comment Share on other sites More sharing options...
Members maggotspawn Posted January 1, 2011 Members Share Posted January 1, 2011 Max it out. Max out your other credit cards too. Take out some car loans and home mortgages while you're at it. Link to comment Share on other sites More sharing options...
Members DR Foster Posted January 1, 2011 Members Share Posted January 1, 2011 then get the Govt to bail you out Link to comment Share on other sites More sharing options...
Members InnerVision Posted January 1, 2011 Members Share Posted January 1, 2011 For the love of god...don't be irresponsible with a credit card! Next month your car will {censored} up....or your house will fall in a sinkhole which insurance doesn't cover, etc....Then you'll be wishing you had a lighter load for monthly payments. Between my 2 credit cards I have a $40k line of credit....I have nothing on my cards right now..and Believe me It can be tempting. Link to comment Share on other sites More sharing options...
Members grunge782 Posted January 1, 2011 Members Share Posted January 1, 2011 Don't be a dumbass. Only spend what you can afford because as this economy has shown, you don't just affect yourself when you are irresponsible with your money. Link to comment Share on other sites More sharing options...
Members eudaimonia02912 Posted January 1, 2011 Members Share Posted January 1, 2011 I'm jealous. I really want to try a 5153, but I have to drive an hour to find a dealer with one in stock. Link to comment Share on other sites More sharing options...
Members Ovid9 Posted January 1, 2011 Members Share Posted January 1, 2011 I'm jealous. I really want to try a 5153, but I have to drive an hour to find a dealer with one in stock. Maybe if you ask really nicely he'll get you one with all his new line of credit. Link to comment Share on other sites More sharing options...
Members guitarist17 Posted January 1, 2011 Author Members Share Posted January 1, 2011 sigh...you guys are right....But damn, it IS tempting! My regular credit card has a 10k limit, and i dont touch it, except for emergencies, but this no interest for 12 months with a GUITAR center credit card thing is making me GAS like I've never GASed before! :D Link to comment Share on other sites More sharing options...
Members xcml5 Posted January 1, 2011 Members Share Posted January 1, 2011 Mark V Link to comment Share on other sites More sharing options...
Members Ovid9 Posted January 1, 2011 Members Share Posted January 1, 2011 We all have minds like 15 year olds, except when it comes to spending money we don't have. Link to comment Share on other sites More sharing options...
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