Originally Posted by
ch3ss
I bought a new car recently and the only reason was it was 0% APR and the used one I looked at the best I could get was 2.9% the difference in payment was 26 bucks a month, and I can easily justify to myself why I should get a 2013 instead of a 2012.
If you financed the car, this is an installment loan, which contributes to mix of credit types in a good way.
I am just trying to erase bad debt so in a few year I can rent my townhouse and buy a house and have that money as a downpayment..
"bad debt" is you missed a payment, worse: didn't pay. If you are carrying balances, it's simple debt.
if I do do a BT of say half of the 13k, what are good options to go with ?
Understand you may pay a BT fee, which could be 3-5%. Sometimes the opening bonus on a BT card is they waive the BT fee.
If you just want to reach debt $0, then you want a CC that offers a BT on opening, minimal BT fees, or a BT fee that is offset by the card opening bonus, has no annual fee, and a 0% APR intro rate for the time you need to pay off the BT. It needs to be from a different bank than the card you have now.
Maybe a Chase Slate? See
http://www.balancetransfers.com/ and
http://moneyning.com/review/zero-bal...-credit-cards/ The latter has more information on evaluating a BT offer.
760 is a decent score. 720 will get you least interest for a auto loan and 760 for a mortgage. A higher score allows you to handle fluctuations better, but does not get you a better interest rate.