Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on .

User Stats

128
Posts
21
Votes
Patrick Q.
  • Investor
  • Jersey City
21
Votes |
128
Posts

Eliminate Credit Card Debt Quickly Dipped Credit

Patrick Q.
  • Investor
  • Jersey City
Posted

Hello guys,

Recently acquired a 2 family.

Tenant should be moving in soon.

The process went over budget (more than expected).

The result is I am carrying credit card debt.

I have a plan to pay it down to zero that will work just fine (the avalanche method).

I would like to speed up the process though and pay less interest in the process.

My credit score has dipped as a result of the credit card debt (to around 624).

So may not be eligible for a 0% balance transfer or personal loan.

Ultimately I want to get my credit score back into the excellent range for when I refinance out of the FHA loan.

Any hacks or tips that anybody could share would be greatly appreciated.

Thank you in advance to anybody who has any advice to offer.

No canvasing please.

  • Patrick Q.