{ "media_type": "text", "post_content": "Should I close credit cards with annual fees? Attacking credit card debt aggressively. I should be able to pay off 50k in the next 21 months. I've had my Amex Gold for almost 8 years Contd...", "post_id": "58e3df005a088f00102b5ab5", "reply_count": 20, "vote_count": 4, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

Should I close credit cards with annual fees? Attacking credit card debt aggressively. I should be able to pay off 50k in the next 21 months. I've had my Amex Gold for almost 8 years Contd...

like
Posting as :
works at
You are currently posting as works at

50k in CC debt? Holy shit.

like

Just downgrade to no annual fee version if they're older cards

like

What on earth did you buy that racked up $50K? Please don't tell me they are everyday expenses.

like

I made a different thread about this. Ex-fiancée situation :-(

like

No bro. You got to figure out how you can make more.

like

Don't close cards, especially if they're older. Switch to a no fee card like D1 recommends

like

I already consolidated with SoFi. And have a 21 month payoff plan.

like

P1, we were engaged and I was stupid enough to support her crazy lifestyle and spending habits. #ThingsYouDoForLove

like

OP that's cool. As long as you had fun. It is just paper anyways. Who cares

like

What reason did they give you, P1? The process has been pretty smooth. In fact, it was someone here that suggested them in my previous post. Interest is around 9% @ 50k for 36 months, which is way better than the 21% average on my cards.

like

Ouch OP, I'm sorry that you're in this situation

like

Ouch. Sorry, man. Have you tried Prosper? I came across them in the past.

like

Don't close old accounts hurts your credit score, just downgrade to no fee

like

And make sure when you downgrade they aren't processing it as a close and open

like

I can't justify keeping it with the $195/year annual fee. I also have the Chase United Club card with a $450/year annual fee, which I want to close too. I'm thinking of closing that too and switching over to Delta, since I get the Amex Platinum with Delta lounge access for free. I'll go from 1K on United to Platinum onDelta, but it's the cost of getting out of debt and being frugal.

What was the situation? I have also 50K in debt but I bought a house and did shit lots of renovations and shit.

Sounds like you need to consolidate to a single CC until you figure out how to be more financially responsible (assuming the 50k in debt wasn't due to a family/medical emergency).

SoFi didn't let me to consolidate mine

Thanks D3.

They told me too short of a credit history and too high debt to income ratio 🤔🙄

Related Posts

Have 46 nights on Marriott Bonvoy this year - no more work travel so if I want to get to 50 I’d have to stay 4 nights personal - have my plat status renewed for next year so staying the 4 nights would only be for getting the 5 suite night upgrades - never had them before so wondering if they’re worth spending ~$700 in essence just for them? What would u guys do?

like

Sorry in advance guys.
How can I check to make sure my SPG and Marriott pts/nights merged properly? It looks 50/ 100K lower, but unsure how to check old/unmerged balances. Thanks!

like

I am located in NL and want to join a Big4 in the US. Should I join locally and look for a transfer or directly apply in the US? What is easier in terms of visa requirements.

like

Planning to join Deloitte office in Bay Area after visa transfer process. Living with wife and 2 children. Want to understand healthcare plans available and deductions in each paycheck. Thanks.

like

Has anyone had trouble with the H1B process when their degree wasn't related to the new job?

Also, I assume you have to quit your old job before applying for H1B.....so won't I just be screwed if I don't get the visa?

like

3 nights away from Marriott platinum. Does it reset at the end of the calendar EOY? If so, worth paying out of pocket for those 3 nights?

like

I enjoyed yesterday’s policy thread, so I want to throw out another topic.

The national debt has grown from $3.2 Trillion in 1990 to $26.7 Trillion, as of 9:18am EST this morning (8/26/2020.)

So, two questions:

1. Is the US National Debt something we should be concerned about?

2a. If “yes”, how should the United States address the growing debt?

2b. If “no”, why not?

like

I hate when the flight attendant forgets to turn off the cabin lights during taxi/take off

like

Marriott app admins: hey it’s Friday. Should we just notify our guests they can check in for Monday’s reservation? They’ll just love it

likefunny

The consulting firm I know least about is OW. Anyone have any idea what it's like to work there (i.e. types of projects / travel / culture / etc)?

like

Parsippany/Morristown Cubs Fans: Come watch Game 7 at the Famished Frog in Morristown so you don't have to watch it alone in your hotel room! Or if you live in the area and want to meet people. :)

like

Does anyone know if your insurance charges you $$$ if you get the covid test at CVS required for travel/holiday/leisure?

like

US 🐠 with Canada work permit: How long did your application intereview/processong take? Flight delayed and will have 1.5 hrs from arrival to leave to make my meetings

like

LIST of international companies hiring directly from India. These companies support VISA & relocation as well.

likehelpful

just almost boarded the wrong flight 🙈🙈🙈

like

My brother (who doesn't fly much) has been stuck at ORD for 10 hours and counting... What can I do to help? Neither of us has status with united... Can I ask for compensation, a hotel room, something?

like

Crazy woman in first class: I want window, can I have window seat? *proceeds to take my seat*. Me: uh that's my seat... Nice Delta FA: "Ma'am that's his seat, please switch back"

like

Someone just vomited on me on my flight to the client site. I’m done with this shit

likefunnyuplifting

Hi Fishes,
Need your help. I have applied for Band 30 (Team Leader Operations) multiple times since last year. I haven't received even a single phone call yet.
If they prefer refferal I have tired that too
What can I do to join Amex ??
YOE: 10 years

like

Additional Posts

I will be 3 nights away from Titanium Elite by 12/31. Is it worth it to book 3 days somewhere?

like

Anyone willing to provide a referral to BMO(Bank of Montreal)? I’m a recent computer science grad and currently working as a software engineer

like

Is it common to have an interview with the corporate recruiter (industry) scheduled the day after the final round of interviews? This is new to me. I'm used to getting ghosted.

like

All: need help. I have strong financial services experiences and am getting interviews for VP and SVP roles. I need help with cv, and executive presence. Does anyone know of a good coach? NY based.

like

Have 46 nights on Marriott Bonvoy this year - no more work travel so if I want to get to 50 I’d have to stay 4 nights personal - have my plat status renewed for next year so staying the 4 nights would only be for getting the 5 suite night upgrades - never had them before so wondering if they’re worth spending ~$700 in essence just for them? What would u guys do?

like
like

Not your ‘dear’ .. white old dude said .. dear with a female client on the call. I stated ... not your dear ... wasn’t fully intending to say it out loud.

like

Any advice for spotty availability on the SPG calendar? Have 8 of 10 weeks booked and really don't want to move. Best days to check for cancellations?

like

To scale your agency have you had better success with standard plans such as 1k/2k per month OR have you had more success creating custom plans for each business?

Thoughts ???

Post Photo

Just said no to an internal audit role at a major bank, thoughts anyone?

like

Anyone doing HR (non recruiting) in the Tech Industries? Trying to break into Tech to work on bigger picture items and make bigger contributions. What hard skills are a must for HR roles in Tech, understanding that some roles could be project/program management. I've been in people ops for 3 years and just started as a HRBP

like

Idk what car insurance is like in other states, but in NY rates are based on miles driven to work. Call your ins and ask for refund since you are at home. Every little bit of $ helps right now.

likehelpful

Anyone excited to engaged in post colonial readings of a text like the Tempest? I'm looking for academic texts on postcolonial readings and allegorical interpretations of this text!

likehelpful

Any personal experiences on the move up to Account Director? My current role doesnt look like there's room to progress anytime soon but I've been at this level a few years now so I'll likely try to get hired into it elsewhere soon.

Any advice or things I should be aware of? Or are there any training sessions I should look at before taking the leap?

like

Man working from home is the best

like

Manipulative PMs 😩 stop being a daily burden

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

For account settings, visit Fishbowl on Desktop Browser or

General

Legal