Which am I better off doing??
Thread Starter
Registered User
Joined: Nov 2003
Posts: 124
From: Cleveland, OH
Which am I better off doing??
So I just re-enlisted in the Army reserve and am currently in Iraq. I got a $15K taxfree bonus. Meaning on my next check I'll get $15,000 deposited to my account. When I get home am I better off buying a new R6 on a sale 0%APR for three years and using it as a means to build credit, or would I be better off paying cash? Other then credit cards and student loans, I don't have much credit. Let me know your opinions and why. I'm just trying to learn stuff that I should have read about long ago. Thanks
Registered User
Joined: Sep 2006
Posts: 408
From: Perryville, Mo
Re: Which am I better off doing??
If you are going for credit you are better off with a loan. Keep money back and pay it off in a year or so. If you have a loan less then 6 months it looks bad with an early pay off. I would guess your looking into keeping good credit to get a house at some point. Thats the kind of things I did and wound up with good credit and a pretty nice house in the end.
