Don't worry about any credit impact for paying all now

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Apr 21, 2024
7:40:34pm

JuicyJam All-American

Don't worry about any credit impact for paying all now

vs monthly.

Make your decision based on what the interest rate on the loan is.

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JuicyJam

Previous username: jensen46
Bio page: JuicyJam
Joined: Mar 14, 2016
Last login: May 19, 2024
Total posts: 28,499 (1,203 FO)

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Messages

Author

Time

I will graduate from BYU this week, I took out a $6k loan my first year

Oaktown12

Apr 21, 7:30pm

Let the big guy take care of that loan for ya

jigidajrit

Apr 21, 7:31pm

True lol

Oaktown12

Apr 21, 7:32pm

You mean let the guy who didn’t take the loan pay for it?

Bullrider

Apr 21, 9:32pm

Pay off the debt now. A credit score could be renamed “I love debt” score.

brazilcoug

Apr 21, 7:33pm

It’s not the only way. Just stop.

WDaddy

Apr 21, 7:34pm

Said no rich person ever

JOPE

Apr 21, 7:37pm

Isn't Dave Ramsey rich?

BYUtka

Apr 21, 7:38pm

Yes, so we can include cult leaders

JOPE

Apr 21, 7:39pm

Boo for the deflection.

Apr 21, 7:40pm

He has gotten rich telling people to avoid debt

JOPE

Apr 21, 7:43pm

Ok... So he is a"Rich Person" and would say "that."

BYUtka

Apr 21, 7:48pm

RE: Ok... So he is a"Rich Person" and would say "that."

blueaussie

Apr 21, 7:58pm

RE: He has gotten rich telling people to avoid debt

Apr 21, 10:01pm

I’m sure Dave knows there’s a higher law, and that he lives it in certain wise

Forest Green

Apr 21, 7:40pm

I doubt he needs to use debt anymore.

blueaussie

Apr 21, 7:59pm

Yeah, because he makes more selling no debt to others

JOPE

Apr 21, 8:21pm

Just curious, were you disillusioned by him somehow? Why the hate? It works for

blueaussie

Apr 21, 8:38pm

Dave is rich because he sells himself, his books, etc

Apr 21, 7:42pm

He didn't get rich by practicing what he teaches.

Dryfire

Apr 21, 8:01pm

How is that not practicing what he teaches?

TwinsRight

Apr 21, 8:10pm

I didn't realize that he now teaches people should become best-selling authors.

Dryfire

Apr 21, 8:17pm

The Dave Ramsey hate is incredible. I think he would think it is great if his

blueaussie

Apr 22, 9:52am

Who said anything about hating Dave Ramsey?

Dryfire

Apr 22, 12:16pm

I apologize. I responded to you a generalized response to all of the negative

blueaussie

Apr 22, 12:44pm

No need to apologize.

Dryfire

Apr 22, 7:06pm

Keep the debt and save your money for your kids daycare.

BikeGuy

Apr 21, 7:39pm

Depends how financially illiterate and how little self control one has….

kotacoug

Apr 21, 7:41pm

Nah. Just have a dual income. Makes life so much better when both spouses work outside the home

letthewookieewin

Apr 21, 7:52pm

lol at dudes that require a 2nd person to crush it financially!

BYU-Provo

Apr 21, 8:14pm

It’s the only way…for financial goblins. 👹 👺 👿

BYU-Provo

Apr 21, 8:11pm

Don't worry about any credit impact for paying all now

JuicyJam

Apr 21, 7:40pm

If you are applying for a loan in the next few months, I’d wait.

OPINIONS

Apr 21, 7:42pm

What goals are you trying to achieve? Increase wealth? Better credit score? If

Hyrum in Houston

Apr 21, 7:43pm

Pay it off and find other ways to get your credit up that won’t cost you money

cougaman

Apr 21, 7:44pm

I say do the monthly payments, unless the interest rate is bad. Can use that

babycarrot

Apr 21, 7:48pm

I believe you have six months before you start payments. The rate is probably

GilbertAZCougar

Apr 22, 6:59am

pay it on time

BYU Grounds

Apr 22, 8:36am

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