How can I use my credit?

Duerig · #1 05-28-2007, 06:02 PM

Hopefully this isn't too naive of a question. I'm in graduate school right now so I make around $23k / year. My credit limit is around $10k but I never use more than $1k. Is there any way I can utilize my remaining credit? Even a few hundred extra dollars each month would be nice. Thanks!

JohnMo · #2 05-28-2007, 06:05 PM

Damn, I think I just posted an answer for you in the form of a question in this same forum. Great minds. See my post for a suggestion and let me know if you think it's realistic.

http://forumserver.twoplustwo.com/showfl...=0#Post10555734

Duerig · #3 05-28-2007, 06:10 PM

Yes that's the type of idea I was looking for. Does anyone do this?

JohnMo · #4 05-28-2007, 06:13 PM

Here is the trick for you, usually taking cash out of a CC kills you fee/interest wise. Taking cash out of a HELOC costs nothing.