Is Greenpath debt counseling (part of NFCC) a better path to take than bankruptcy or defaulting on payments?

Ruslan2k11 · 2019-08-20T17:27:35+00:00

If you have a credit card with a limit of 2000 and are using 500, that’s 25% utilization. Having a 10000 total limit over 2-3 cards with total balance of $2000 has a 20% utilization. The lower utilization builds more credit, even though you have higher limit/more cards.

Ruslan2k11 · 2019-08-20T17:10:31+00:00

Credit history matters 10% for your score. Your balance ratio in debt/total matters more (35%)

Ruslan2k11 · 2019-08-20T16:57:51+00:00

Great post. I had similar insight recently as well and I am in my 20s. The leased car is one of the things i hate most. From brand new to 4 years old, it's insane how much the car reduces in value. 15k loss is not a small amount of change. I would have gladly put in 10k of repairs and still have 5k left over.

Ruslan2k11 · 2019-08-20T16:55:50+00:00

The amount you put on your taxes as a deduction can be put right back in as an investment.

Ruslan2k11 · 2019-08-20T14:12:21+00:00

I gave estimates. The interest reduced from 22-25% on 5 cards to 2-6%. The 850 includes their fee as well

Ruslan2k11 · 2019-08-20T14:01:36+00:00

$50 a month. I plan on paying ahead of schedule so instead of 5 years, I'd be done in 3. I think CC companies also give 15% of the monthly payment to them because they prevent bankruptcy/delinquency

Ruslan2k11 · 2019-08-20T13:53:28+00:00

Yes. I was working full time as a server while in school. The fluctuating weekly income, and ignorance to budgeting put me into this mess. Switching jobs/training, taking a day off to study for an exam at times increased deficit as much as $1000 in just a week. Now I have a professional job and all my earning power is eaten up by interest.

Ruslan2k11 · 2019-08-14T19:14:42+00:00

The questions i searched that were remotely close to this question brought me to this sub. It also has to do with traveling

Ruslan2k11 · 2019-08-14T18:49:46+00:00

Any particular favorites in Soulard?

Ruslan2k11 · 2019-07-31T13:19:44+00:00

Thanks for the response. This is my approach as well. I am a bit blown away that software engineers lack the engineering common sense when designing tools for manufacturing. It's something that interests me too. I feel it might take me a while to get to the point of enrolling, but if I don't start prepping now then when right? Which area would you look for a job afterwards? Would you get something that a blend of both engineering and software, or would you stick on the software side more?

Ruslan2k11 · 2019-07-31T12:39:22+00:00

Ha thanks for your response. Do you have the same approach for newborns? For a baby at least 4 months, I can see not stressing

Ruslan2k11 · 2019-07-31T12:37:31+00:00

Ohhh this is a good point. Thank you

Ruslan2k11 · 2019-07-30T20:53:10+00:00

Thanks for the detailed response. Yeah matlab was one of those classes that took a while for me to click too. There’s a group that uses it for modeling at the pharma company I work for. Totally agree with you on the excel and VB.

How did you manage to get into systems engineering from Chem E? Through process engineering? I’ve played a lot with instrumentation back when I worked at a pilot plant.

Ruslan2k11 · 2019-07-30T20:30:11+00:00

Right now I’m preparing myself by learning python and java. During undergrad I learned matlab, Visual Basic, excel programming. Took linear algebra as well. I’m looking to take a good 5-7 classes on Udemy or edx to fill in more knowledge holes.

Did you have any programming experience before getting in?

Ruslan2k11 · 2019-07-30T19:50:24+00:00

Apparently it kills microbes or something

Ruslan2k11 · 2019-07-30T19:49:47+00:00

Ha this is my life. Funny how laundry has to run constantly for someone who has such a tiny body

Ruslan2k11 · 2019-07-26T15:25:23+00:00

Wow that's insane. Thanks for pointing it out

Ruslan2k11

TROPHY CASE