All Forum Posts by: Alexis Hershberger

I'm not sure how a balance transfer works. Is this something I need to call the credit card companies about? I don't want to do anything that will reflect on my credit negatively. 

And thank you for your reply!

My name is Alexis and I'm a 24 year old living in Indiana. I am new to Bigger Pockets but excited to be entering the world of real estate investing!

I have some financial goals I want to achieve first before I start saving for a rental property.

Years ago I made the "smart" decision to get a Discover credit card in hope it would start to build my credit. (oops)

I'm sure you know how that turned out. A 20 year old with a credit card...

I have accumulated $4,500 in cc debt on the discover cc with an APR of 21.99%

I also have $1,100 in cc debt on a capital one cc with an APR of 24.71%

Which one should I try to be paying off first?

My main goal is to increase my credit score. So I'm not sure if I should focus on the Discover to reduce my utilization, or if I should tackle the Cap 1 due to the crazy interest rate.

Any feedback is appreciated. And please be kind. I already kick myself everyday for being so recklace.