My sig explained (finally..and it's a fricken' novel)

**wizardPC** · 04-26-2005, 09:11 AM

Originally Posted by 0l33l

About those student loans. Have you though about refinancing them? Or taking out a loan at a lower interest rate to pay them off? Or have you already done this

I just graduated last august, and I have consolidated (which you can only do once, ever) at the lowest rates there will ever be. My interest rate is something like 3.75% right now, and it drops 1% after 30 months and another 1% 30 months after that to give me a final interest rate of 1.75%. But I don't plan on keeping them that long

**0l33l** · 04-27-2005, 01:38 AM

Originally Posted by wizardPC

I just graduated last august, and I have consolidated (which you can only do once, ever) at the lowest rates there will ever be. My interest rate is something like 3.75% right now, and it drops 1% after 30 months and another 1% 30 months after that to give me a final interest rate of 1.75%. But I don't plan on keeping them that long

You got a great deal on that interest rate

**wizardPC** · 04-29-2005, 07:28 PM

So, before I go and do something stupid:

Citibank, thou art banished!

No more credit cards, student loans are all I have left now

As of today, debt is $30,541.80

**jcdillin** · 04-29-2005, 07:35 PM

congrats! I know the feeling, I just got rid of sears!

**BoyNextDoor** · 04-29-2005, 08:02 PM

Originally Posted by wizardPC

So, before I go and do something stupid:

Citibank, thou art banished!

No more credit cards, student loans are all I have left now

As of today, debt is $30,541.80

Yayy let's party

**shakes** · 04-30-2005, 02:25 AM

I must say ... knocking down $4k in 4 months is damn impressive ... and then there's the fact that you took a 'break' for a few weeks.

**0l33l** · 04-30-2005, 02:31 AM

Originally Posted by shakes

I must say ... knocking down $4k in 4 months is damn impressive ... and then there's the fact that you took a 'break' for a few weeks.

He "cashed out a mutual fund that my grandparents set up for me when I was born but I only recently gained control over it."

**R32 JUhl** · 04-30-2005, 11:21 AM

Wizard, wanted to pass on some good news that might help you out. I filed for an extension with Uncle Sam and just had my accountant finish my taxes. I've got an $11,000 refund coming back - roughly a third of what I paid in taxes -, courtesy of my real estate investments. That's chump change to a lot of people and I'm not trying to brag. I'm just letting you know that there are viable solutions out there to finding other people to pay off your debt. Just cuz you ran up the debt, doesn't mean that they're aren't millions of folks willing to you pay it off for you. And no, my accountant didn't do anything illegal!

**wizardPC** · 05-15-2005, 03:33 PM

Due to ALL 3 OF MY CARS needing repairs in the very near future, like this week, I only made a minimum payment for june (note that the last debt adjustment was only 2 weeks ago). When I see what the damage is and/or sell some vehicles I'll get back on it hard core

Total debt as of today: $30,368.13

**0l33l** · 05-15-2005, 03:42 PM

Originally Posted by wizardPC

Due to ALL 3 OF MY CARS needing repairs in the very near future, like this week, I only made a minimum payment for june (note that the last debt adjustment was only 2 weeks ago). When I see what the damage is and/or sell some vehicles I'll get back on it hard core

Total debt as of today: $30,368.13

That's what happens when you get 3 american cars