Search found 10 matches

by dylphil21-1997
Fri Nov 08, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Moved to new state, buying new car; what to do first?
Replies: 12
Views: 791

Re: Moved to new state, buying new car; what to do first?

You do need to let CT know that the car was scrapped and to return the license plates. Not sure if you can do this online (and mail in plates) or if you need to do this in person at the DMV. Doing so cancels the car registration, updates your town/city so you aren’t billed for automobile property t...
by dylphil21-1997
Fri Nov 08, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Moved to new state, buying new car; what to do first?
Replies: 12
Views: 791

Re: Moved to new state, buying new car; what to do first?

So a person entering the state of NC who doesn't own a car and has no plans to own a car is required to get a new license in 60 days but if they don't own a car, can't get a license. What do they do in that case? Just arrest the person for catch 22? To have a drivers license, one must hold at least...
by dylphil21-1997
Fri Nov 08, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Moved to new state, buying new car; what to do first?
Replies: 12
Views: 791

Moved to new state, buying new car; what to do first?

Some background, I'm going from CT (No-Title State) to NC. I'm scrapping my old car as it is gradually degrading. So to get your license in NC you need to hold NC car insurance. So i figure I go buy the car from dealership, insure it right there, and then take my insurance and old license and get th...
by dylphil21-1997
Thu Nov 07, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Credit score vs down payment
Replies: 25
Views: 1732

Re: CREDIT SCORE VS DOWN PAYEMENT

Some others have suggested some different approaches - but let me summarize what I might recommend: 1. You need a car (soon, I assume>) 2. If so, then first determine/decide an acceptable used car type and cost. Check Consumer reports for recommended cars in various price ranges. My "guess" is that...
by dylphil21-1997
Thu Nov 07, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Credit score vs down payment
Replies: 25
Views: 1732

Re: CREDIT SCORE VS DOWN PAYEMENT

I must be missing something, but how does (or will) an added $1,000 down payment cause a credit score to drop 60 points? Correct me if I'm wrong, but I'm loosely predicting that if I use 1000 to pay off some credit card debt my score will raise due to my utilization dropping substantially. Independ...
by dylphil21-1997
Wed Nov 06, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Credit score vs down payment
Replies: 25
Views: 1732

Re: CREDIT SCORE VS DOWN PAYEMENT

I must be missing something, but how does (or will) an added $1,000 down payment cause a credit score to drop 60 points? Correct me if I'm wrong, but I'm loosely predicting that if I use 1000 to pay off some credit card debt my score will raise due to my utilization dropping substantially. Credit u...
by dylphil21-1997
Wed Nov 06, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Credit score vs down payment
Replies: 25
Views: 1732

Credit score vs down payment

Keeping it simple today folks! Which one is more important?? I'm 21 years old and the scenario would either be 630 credit score and 2500 down payment (on 10-12,000 laon) OR 690 credit score with 1500 down payment If it helps, this is for a used auto loan. I understand I don't have much to work with ...
by dylphil21-1997
Tue Sep 10, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: 21 Years Old - Trying to learn young!!
Replies: 21
Views: 2198

Re: 21 Years Old - Trying to learn young!!

This free 16 page booklet from Bill Bernstein is a great place to start your leavening journey: If You Can https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.etf.com/docs/IfYouCan.pdf&ved=2ahUKEwj0veznlMbkAhVCaq0KHS17B0MQFjAIegQIAxAB&usg=AOvVaw25wxjcA_8Pzo-SB3S580I5 Thank you, this wa...
by dylphil21-1997
Mon Sep 09, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: 21 Years Old - Trying to learn young!!
Replies: 21
Views: 2198

Re: 21 Years Old - Trying to learn young!!

For the IRA, I recommend Schwab since they have an excellent free checking account. Put the money in a total market ETF and forget about it except for the annual contribution. For the next 10 years, that is all you need in investment For the 401k, put it in the lowest expense ratio stock fund, hope...
by dylphil21-1997
Tue Sep 03, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: 21 Years Old - Trying to learn young!!
Replies: 21
Views: 2198

21 Years Old - Trying to learn young!!

Hello BogleHeads!! A little about me for background info; -21 years old -Gross Income of 31,500 -Full company paid health insurance -Drive a used minivan (paid-off) -3000 in CC debt -Gross income will soon change to 60,000 So my employer informed me we have a pretty decent 401k plan- that being said...