Trying to Simplify Made Things Worse
April 4th 2008 11:02
I had gotten tons of mail to my Mom's house and when she sent it all with my Easter basket, I went through it and saw a few balance transfer offers with new credit cards. One of the things I received was for HSBC. A no fee balance transfer offer at 0% for a year. I thought I would put all of my tuition credit card debt together on one to make my life simpler.
How could that go wrong? Well, this is me we're talking about, so something has to.
The company decides it's only giving me a $1000 limit and only transferring $850 from one of my cards. Ugh. I get an email from them saying that, so I email them to say cancel everything I don't want it. They respond that this isn't possible.
So now I have three different payments to make instead of the one I wanted or the two I had. Ridiculous. That's what I get for thinking credit card debt could be simplified I guess.
Now the problem is, I'm not sure which debt to pay off first. Part of me wants to pay off the $850 (by raiding my emergency fund) so I can just cancel that card because they made me angry. The other part of me wants to pay off the card that the $850 is coming off of, because in May it will start incurring interest.
What to do? Any thoughts?
How could that go wrong? Well, this is me we're talking about, so something has to.
The company decides it's only giving me a $1000 limit and only transferring $850 from one of my cards. Ugh. I get an email from them saying that, so I email them to say cancel everything I don't want it. They respond that this isn't possible.
So now I have three different payments to make instead of the one I wanted or the two I had. Ridiculous. That's what I get for thinking credit card debt could be simplified I guess.
Now the problem is, I'm not sure which debt to pay off first. Part of me wants to pay off the $850 (by raiding my emergency fund) so I can just cancel that card because they made me angry. The other part of me wants to pay off the card that the $850 is coming off of, because in May it will start incurring interest.
What to do? Any thoughts?
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