[cmyx6go]

Originally Posted by cmyx6go

How is the fee only $4? Are you taking interest into consideration? $87 x 12 months is $1044. You'll pay $144 more than the $900 you charged. That's what, about 16% interest? In the scope of things, $144 over a year isn't a lot of money but why do it?

Plus the amount of money you owe makes up 30% of your credit score.

Originally Posted by Tyga11

I was not. My credit score is over 800 and I’m in better financial position than people here. My mortgage is also 2.75%…lower than the peanut gallery.

Thanks for input.

So why would you even consider stretching the payment over a year?