http://www.paidtwice.com/2007/07/30/we-were-approved-and-it-is-making-me-anxious/#comment-1202 Christine Sat, 04 Aug 2007 02:54:58 +0000 http://www.paidtwice.com/2007/07/30/we-were-approved-and-it-is-making-me-anxious/#comment-1202 Congrats on the approval! I did the 0% transfer thing multiple times years ago when I had accrued about $10,000 in CC debt thinking I would be done with grad school soon, then decided to do another two years of post-grad work and *freaked out* about the debt because I was signing on for much less than I had expected to be earning at that point. I've read your ruminations on what to do about the CC debt/balance transfer options, and I say go for the transfer as much as they will allow, then look for another balance transfer offer when that is about to run out. Yes, your FICO score could take a small hit if you keep applying for credit -I was ultimately denied a card , which was a ding to my *Ms. Perfect Credit* identity, but you already have your mortgage, and I was back into the high 700's within a couple years. The interest savings was worth it. IMHO. Congrats on the approval! I did the 0% transfer thing multiple times years ago when I had accrued about $10,000 in CC debt thinking I would be done with grad school soon, then decided to do another two years of post-grad work and *freaked out* about the debt because I was signing on for much less than I had expected to be earning at that point. I’ve read your ruminations on what to do about the CC debt/balance transfer options, and I say go for the transfer as much as they will allow, then look for another balance transfer offer when that is about to run out. Yes, your FICO score could take a small hit if you keep applying for credit -I was ultimately denied a card , which was a ding to my *Ms. Perfect Credit* identity, but you already have your mortgage, and I was back into the high 700’s within a couple years. The interest savings was worth it. IMHO.

]]>