Home Buyer, Dallas, TX
The limit was 5000. I have other cards but pay them off monthly. I mostly concerned with the fact the account is in credit counseling, which some lenders look at as positive because I did not charge it off. Other lenders look as it as a negative because I needed "credit counseling". I mostly did it to get the 10% rate as they raised it to 30%. I can afford to pay it off but I don't know if it is better to have the money toward a down payment. Also I don't know that if I pay it off that the credit counseling will go away before or after 90 days. I bought a new jeep a few months ago and some lenders looked at it as bad while Chase thought it was good and gave me a 72 month 7.5% loan for 30k. I make over 65k a year so I have the funds to pay it off but then will not have 5% to put down unless I wait 6 month but then I'll be in another lease. I also just bought a ring for my finance so there is that too but I am going to pay that off within 6 months. So I should have money for a down payment and pay off all my cards except the BOA because that has the lowest interesr, but its the one and only with CC counseling...