Comments on: Should I Pay Off My Credit Card Debt Before I Buy A Home?

By: sherri

sherri — Thu, 21 Aug 2008 02:08:45 +0000

can you use a credit card to purchase a house

By: Sharon

Sharon — Wed, 13 Aug 2008 02:22:27 +0000

If you’re in a position to, it certainly would be better to pay of any credit card debt before you buy a home. Once you purchase a home there are always added expenses which come up such as repairs, water rates, electricity, land rates. Not to mention what a rise in interest rates could do. If you can it is always better to put yourself in the best possible situation to begin.

By: Jenna

Jenna — Tue, 12 Aug 2008 04:21:57 +0000

Thanks for your comment Jim!

By: jim of Blueprint for Financial Prosperity

jim of Blueprint for Financial Prosperity — Mon, 11 Aug 2008 23:26:15 +0000

Cap of Stop Buying Crap used to track his credit score all the time and when he paid off his 0% balance transfer arbitrage balance, his score went up significantly. It was a dozen or so points higher than when he did the transfer in the first place (since he had shown a year of payments). Paying off debt definitely helps.