financestuffs

[financestuffs]

Finally went to do the balance transfer and because both cards are under the same bank I CANT. so I’m going to move all important charges to the new card (insurance etc) and pay it off each month while I pay down the old card but I am GRUMPY because the whole point of the new card was the 0%apy on balance transfers

I applied and was approved for a high credit score credit card (yay!). But in that application one of the reasons I scored lower was that I have too many cards with balances (I have 3 cards now and one’s a loyalty card soooo). I initially got this card as a way to pay down debt, as it’s no interest for 18mo on balance transfers and only 3% charge for the transfer. Ideally I could pay off ~$9000 in that time and have a set balance to pay on, not an abstract “I should pay off more than I spend”. But I am now unsure if I’d rather just leave that card open with no balance since im looking at refinancing soon or if I should continue with the plan. It will take some research I think.

[financestuffs]

Good news is that when I went in person to the bank they were able to stop payment. Bad news is that it’s still listed as “pending” so I may get an overdraft fee still (but really hoping not). Lesson learned. That $500 is going to a local savings account now

I’m so mad, mostly at myself. The transfer I set up to complete on Friday drew the funds today for some reason (wtf) so now I’m overdrawn on my checking account. I’ve called both banks and the checking account bank says they can’t stop the transfer because a stop payment costs $30 and I’m already overdrawn (even tho if they stop they payment I’d have several hundred dollars in the account). The savings account bank can’t stop the transfer allegedly because technically it initiated yesterday, not today, even though checking account bank says they should be able to stop it.

So game plan is 1) talk to a supervisor at savings account bank and see if *they* can stop the transaction like checking account banker said they should. 2) go to local checking account bank branch and offer to pay $30 cash to stop the damn transaction and/or figure out if the transaction is still “pending” whether I’ll be charged an overdraft fee tonight.

I am so mad, I knew I needed to start a local savings account and I put it off because I thought I was good. And I could’ve scheduled this transaction to hit later but I wanted it to come out of my paycheck immediately so here we are and I am pissed

[financestuffs]

I’m so mad, mostly at myself. The transfer I set up to complete on Friday drew the funds today for some reason (wtf) so now I’m overdrawn on my checking account. I’ve called both banks and the checking account bank says they can’t stop the transfer because a stop payment costs $30 and I’m already overdrawn (even tho if they stop they payment I’d have several hundred dollars in the account). The savings account bank can’t stop the transfer allegedly because technically it initiated yesterday, not today, even though checking account bank says they should be able to stop it.

So game plan is 1) talk to a supervisor at savings account bank and see if *they* can stop the transaction like checking account banker said they should. 2) go to local checking account bank branch and offer to pay $30 cash to stop the damn transaction and/or figure out if the transaction is still “pending” whether I’ll be charged an overdraft fee tonight.

I am so mad, I knew I needed to start a local savings account and I put it off because I thought I was good. And I could’ve scheduled this transaction to hit later but I wanted it to come out of my paycheck immediately so here we are and I am pissed

[financestuffs]

I applied and was approved for a high credit score credit card (yay!). But in that application one of the reasons I scored lower was that I have too many cards with balances (I have 3 cards now and one’s a loyalty card soooo). I initially got this card as a way to pay down debt, as it’s no interest for 18mo on balance transfers and only 3% charge for the transfer. Ideally I could pay off ~$9000 in that time and have a set balance to pay on, not an abstract “I should pay off more than I spend”. But I am now unsure if I’d rather just leave that card open with no balance since im looking at refinancing soon or if I should continue with the plan. It will take some research I think.