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Thread: Paying off Credit, OR just Saving?

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    Default Paying off Credit, OR just Saving?

    Hey! I've Read some on this and i think my question is a lil' different if not i'm sorry lol But what do you think my best bet is? I want to get my boobs redone but my Credit isnt good enough to finance. I've paid off about 3 debts so far and am going to keep on doing it until my score is high enough. I was just going to save for boobs but than i thought why don't i fix my crappy credit and by the time i'm ready for surgery which i want to do the end of this year, My credit will be good enough to Finance my boobs. So my Question is Should i save for boobs im thinking about $6,000 or use that towards my credit that way i fix my credit because in the next year or 2 i'm also going to need a new car. So save for Boobies? Or fix the credit?! What's my best bet i want those Boobs bad! and thanks so much! i really Appreciate any input

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    Default Re: Paying off Credit, OR just Saving?

    The question you didn't answer already is whether or not having bigger boobs will increase your income ? If so, then definitely get the new boobs ASAP ... and then worry about paying off your other obligations out of your higher earnings !

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    Default Re: Paying off Credit, OR just Saving?

    Is there any reliable data proving a causal relationship between larger boobs and higher income?

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    Default Re: Paying off Credit, OR just Saving?

    Thanks Melonie! Good point! I kinda do think it would help Maybe bring on a new market and of course still keep my guys i already have!
    I'd Def feel sexier with them, and Confidence is key! It's so true when i feel hott i make more money i think lol i'm in a better mood lol
    Thanks for ur Input! : D Good Advice!

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    Featured Member Laurisa's Avatar
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    Default Re: Paying off Credit, OR just Saving?

    I would recommend paying off your debt rather than paying for a breast augmentation. My reasoning is this:

    1.) Credit is more important than cosmetics unless you can afford to pay cash and "self finance" everything. Keep in mind that it takes YEARS to clean up a credit report, so if you don't start now you may be denied a mortgage or stuck paying extra money monthly 5 years from now because you didn't take care of these issues NOW.

    2.) Breast augmentation is a personal choice, that I support, but it's been said time and time again: do NOT get a breast augmentation to improve your appearance for working in the sex industry. Your involvement in this industry is temporary, sadly enough, and you should NEVER permanently alter your body to "appease" the market. I know there are some exceptions to the rule, but you'd have to give me a pretty incredible reason to make me support cosmetic surgery for work. I'm sure you want a breast augmentation for personal reasons, but please don't get it done with the notion that you'll make more money which will in turn "pay for itself".

    3.) With that being said breast augmentation is a want, not a need. The only real exceptions would be if you had psychological damage from your self image after child birth, physical trauma, botched surgery, infection (necrosis), or a complication of breast cancer (breast removal). So since it is a "want" based on what you've provided to me then your financial situation should take precedent to your want unless you are one of the lucky rich ones who doesn't need help to afford a house or new car. Based on you having credit problems I assume that is not the case. Eventually you will want to buy a house, and if it's in the next 5-10 years you will likely need your good credit.

    4.) You may wind up paying more interest, penalties, fines, and get bad credit marks, declined for credit lines, and be given high interest rates on future credit lines if you don't invest this money properly and get your augmentation. If you had good credit you could easily finance your augmentation with Care Credit (from GE money bank) and if you pay it within 6 months you're at $0 interest and NO finance fees. That means I could get a $6,000 surgery and make six $1,000 payments without ever paying them interest. Think about that, you may want those opportunities for yourself for more important investments in your future.

    I know not everyone has good credit anymore, but I've ALWAYS had good credit and don't have even one bad mark on my credit report. I pride myself in that, and it's because I do qualify for special "perks" that make my life easier. If I can't pay the bill off in full I don't buy it. I don't play the "interest" games with card companies, they can kiss my ass.
    If you are willing to do for one year what other's won't, you can spend a lifetime doing what other's cant.


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    Default Re: Paying off Credit, OR just Saving?

    It's arguable whether a boob job will increase your income or not overtime, but what's indisputable is that you will have to take several weeks off from work to recover from the surgery, and that's a considerable amount of lost income that'll push back when you'll be able to afford that car you'll need in a year or two. Based on the fact that you're currently paying off debts, it doesn't sound like you have substantial savings to dip into to tide you over until you can work either, and it'd be counter-productive to further your debt by taking a substantial amount of time off work. Just something to keep in mind!

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    Default Re: Paying off Credit, OR just Saving?

    Quote Originally Posted by slowpoke View Post
    Is there any reliable data proving a causal relationship between larger boobs and higher income?
    There's a ton of anecdotal evidence here on SW and elsewhere that suggests that BAs do improve income, sometimes dramatically. It is anecdotal, though, and self-reported, so you can take that for what it's worth.

    The higher income has less to do with the larger size and more to do with increased confidence, of course. But they can also open doors to the more exclusive clubs and (sometimes) better working conditions, assuming the dancer has mobility and upscale options in terms of clubs.

    One fatality of the recession appears to be customer-paid BAs. It sort of amazes me that so many dancers have to pay for their own, but that's another thread.

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    Default Re: Paying off Credit, OR just Saving?

    One other thing to consider....can you really 'repair' your credit enough by the end of the year to have a ''good'' rating?? End of the year only gives you about six months to make a dent in the ''bad'' rating. In order to significantly repair your score...they would probably want a longer history yet you would be able to improve your debt / credit ratio.

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    Default Re: Paying off Credit, OR just Saving?

    thanks Everyone i appreciate it : ) I wouldnt be getting it for the Adult Industry but more for it'd make me feel sexier, I have implants now that i got at a young age and i've had them for about 5 years now and just wanting to upgrade lol they don't do it for me anymore.
    But yes i do want to good credit too. Also i wasn't sure how all that works i wasn't sure how long even if i did pay off 3 or 4 more debts that i could pay off pretty quickly if not all at once... (there not large amounts) how long it would take for it to show up on my report so that's another question i was wondering about. I was planning on November soo about 6 months away. It's probably not Realistic.
    I do want the new implants but i also want the good credit....
    Thanks everyone i guess for now keep working on the Credit ... hmmmMmmm

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    Default Re: Paying off Credit, OR just Saving?

    with a little more info now provided ...

    A loan for cosmetic surgery is basically an 'unsecured' loan ... since there won't be any attempt to 'repossess' your new breast implants if you were to become delinquent on a cosmetic surgery loan. Thus the criteria for credit approval for persons seeking such loans is likely to be a bit tough for someone with a tarnished credit rating. IMHO there is little you could do, and certainly so within the next 6 months alone, to improve your credit rating to the levels necessary to receive a cosmetic surgery loan.

    With the possibility of a cosmetic surgery loan thus 'off the table', the next question boils down to the 'highest rate of return' available from various options for the next $6,000 or so of discretionary earnings. From a financial standpoint, paying off credit card debt and other delinquent bills 'returns' to you the 18% in annual interest plus late fees etc. that are tacked on. So, if done over the next 6 months, paying down credit card debt and other delinquent bills might save you something in the $1000 ballpark ... the ONE time. Additionally, paying down these debts would begin to 'clean up' your credit report ... albeit that it will require more than three years for existing negative credit report entries to 'fall off' your credit report of their own accord. However, if these debts are not delinquent, if payments are being made on time etc., and the reason for the low credit rating is a high debt to income ratio, then it's certainly arguable that paying off these debts 'early' without any increase in income may have little positive effect !

    However, if getting bigger implants does increase your income for whatever reason ( and from your personal comments it would appear that this will be the case ), then making a $6,000 cash 'investment' in bigger implants as opposed to extinguishing existing debt may provide far greater 'returns' over the next year. Granted that you may lose a month's worth of income as a result of having the surgery ... or 8% of the next year's total income. But if your income for the remaining 92% of the year rises by even $120 a week you'll have completely 'paid for' the cost of the bigger implants ... and with that extra $120 a week continuing into future years as opposed to being a one time factor.

    As to obtaining a future auto loan a couple of years down the road, being able to document a higher income, and being able to save up a larger down payment thanks to that higher income, will probably be more helpful than anything else ( assuming of course that your existing debts can be quickly covered as a result of your higher income ).
    Last edited by Melonie; 04-11-2012 at 02:24 AM.

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    Default Re: Paying off Credit, OR just Saving?

    Quote Originally Posted by All Good Things View Post
    There's a ton of anecdotal evidence here on SW and elsewhere that suggests that BAs do improve income, sometimes dramatically. It is anecdotal, though, and self-reported, so you can take that for what it's worth.

    The higher income has less to do with the larger size and more to do with increased confidence, of course. But they can also open doors to the more exclusive clubs and (sometimes) better working conditions, assuming the dancer has mobility and upscale options in terms of clubs.

    One fatality of the recession appears to be customer-paid BAs. It sort of amazes me that so many dancers have to pay for their own, but that's another thread.
    Was it previously common to receive them as gifts?

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    Default Re: Paying off Credit, OR just Saving?

    Thank u Melonie! : ) Very Helpful! I Think i may just save up for them i figure $250 a week which is doable with my income i would just have to Skimp on other "extras" i usually do for myself. It'll just take the Discipline then in about 6 months i'll be ready to get them. I guess just Starting from Scratch it seems far away. I'm in the Process of moving and have to come up with Extra money so i think once i'm settled in about a month and a half then i'll be able to start saving! : ) Thanks a bunch!

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    Default Re: Paying off Credit, OR just Saving?

    I don't see an issue with getting Boobs first then fixing the Credit. I don't plan on buying a house anytime soon or anything like that. and i'm only about a year into my camming and plan on doing it until i just can't anymore lol so I'll be around for awhile might as well invest in me! But like i said i'm not doing this for work i just think it'll help with work too : ) I'm a C now and want to go to a Large D

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    Default Re: Paying off Credit, OR just Saving?

    I still think you are making the wrong decision. You already have implants and you are in credit card debt that you can't afford to pay off which means you are receiving interest tacked on there every month even with some payments.

    I'm glad you are so enthusiastic about webcamming but you don't know how long you will be able to actually cam. What if you are burned out in a year? What if you break your leg? What if you decide you meet a man and don't want to cam anymore? What if you get pregnant and keep the baby?

    I'm just saying it's foolish to think you'll cam "as long as you can" and not have any regard for your immediate future. You may very well cam for 5+ more years and be fine, but what if you can't/don't? Then what? What if there just isn't money in the industry for you in a year or two anymore? It happens all the time. You really should get your finances under control while you can instead of making impulse purchases. Getting a BA is appropriate when you have no debt and a savings, not when you owe creditors money and can't pay.

    Btw, paying off your debt would be more of an investment in yourself than cosmetic surgery, and since you are only a year into your camming you probably lack the insight to decide how reliable camming is for you. Just my $0.02, do what you want, but try to be responsible while doing so.
    If you are willing to do for one year what other's won't, you can spend a lifetime doing what other's cant.


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    Default Re: Paying off Credit, OR just Saving?

    If you have poor credit you won't even be able to finance a BA. My credit score is Over 700, my total debt is less than 18,000, and my cards have low balances. I got approved for 1500 by Care Credit. I said fuck that and just put the money together myself. In addition to the very high interest rate the loan will make you pay (about 20-25%), the actual procedure will be marked up significantly if it's financed. I paid 4500 for my BA, if it'd been financed it would have been 5k.
    I think it's pointless to try to finance a BA...

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    Default Re: Paying off Credit, OR just Saving?

    Thanks yep i think im going to start saving a do Cash! Thanks and Congrats on ur new boobs! : ) Very Exciting

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    Default Re: Paying off Credit, OR just Saving?

    You already have implants and you are in credit card debt that you can't afford to pay off which means you are receiving interest tacked on there every month even with some payments.
    The OP didn't say that she couldn't afford her existing credit card payments. The OP's question involved the relative merits of paying off credit card balances quickly ( and thus reducing interest charges and perhaps boosting her credit score ), versus allocating the same amount of money towards a re-do with bigger implants ( and thus increasing her income potential ). Simple math says that the former is worth perhaps $1000 in one time financial advantage, whereas the latter could be worth $10,000 per year ! The real question then becomes how much ( if at all ) bigger implants will increase her webcam income. Based on the OP's comments, the nature of webcam, and my own personal experience with 4 progressively larger re-do's resulting in four significant increases in my income level, the latter would appear to be an obvious 'winner'. But the only way to actually prove which option is better is to follow through on the bigger implants and see what happens.

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    Default Re: Paying off Credit, OR just Saving?

    I think what i got from everything is i need to fix my credit yes, But even then i shouldn't Finance my boobs i should just pay cash. So i think i'll do Cash and then work on my Credit. I mean whenever i got my first surgery i was out of work (dancing) for one week. I mean that was pushing it i will probably need more than that but i am taking the down time into consideration but honestly i plan on preparing for it, And it's Do able. And i don't think the size i want to go to will Help earn me more money but i do think feeling good and the confidence i'll get from it will! I'm not insecure about my body but i do believe in making it better if i can! Thank you everyone for the Advice! : )

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    Default Re: Paying off Credit, OR just Saving?

    I really don't think her going from a C to a D is going to have any real impact on her income. When comparing the interest charges she'll pay for not paying her debt off in a timely manner, downtime from the surgery, possible downtime from complications and additional surgery, and the cost of the BA itself she could easily be out $10,000.

    Even if she made an extra $100/week from her breasts (which would be a lot for webcamming part time) that's only $5,200/year so it would take about two years for her to reap the benefits of the augmentation. Finally after three years she would be $5,200 richer and that's IF she's still webcamming--she's only been doing it a year. In any other industry outside of modeling or sex work it's not going to improve her income in the least.
    If you are willing to do for one year what other's won't, you can spend a lifetime doing what other's cant.


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    Default Re: Paying off Credit, OR just Saving?

    I cam full time 35-50 hours a week. But that's not really the point i'm not getting the boobs for camming : )
    Going up a cup size or 2 wouldn't make a difference in the cam world i just said i think it'd be an added plus but i want
    them for myself not my job.

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    Default Re: Paying off Credit, OR just Saving?

    ^ Sorry, my fault; your OP didn't say you were a camgirl, so I assumed you were dancing. That's the only place where the economics make sense, and then, only sometimes.

    Quote Originally Posted by hf487 View Post
    I think I'll do Cash and then work on my Credit.
    You may be best off if you reverse those. As you know, your credit history is an asset that is based on your behavior over time. So it requires a long-term commitment.

    There’s also no reason that you couldn’t do both – pay down debt to repair credit every month, and then put some cash away in savings for your BA every month. It’s always easier psychologically to save for something big in the future rather than only paying for something in the past.

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    Default Re: Paying off Credit, OR just Saving?

    Good Idea! : ) Thanks Yah i danced for 6 years and have been camming for 1

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    Default Re: Paying off Credit, OR just Saving?

    Quote Originally Posted by All Good Things View Post
    As you know, your credit history is an asset that is based on your behavior over time. So it requires a long-term commitment.

    There’s also no reason that you couldn’t do both – pay down debt to repair credit every month, and then put some cash away in savings for your BA every month. It’s always easier psychologically to save for something big in the future rather than only paying for something in the past.
    This. You may not want a house or car or any other big-ticket purchase in the near future, but one day you WILL, and you can't just start working on your credit then. It's something you have to improve now and maintain so that you'll be in a position to make such purchases when you do want them.

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    Default Re: Paying off Credit, OR just Saving?

    Like I said, unless you have the liberty of paying cash for homes and cars and other big ticket items (furniture sets, electronics) then you'll need credit one day. And even some jobs require a check of your credit to verify your trustworthiness--these can include banking jobs, other jobs in the finance industry, and security jobs. And even for leasing a car or an apartment/condo/home from someone your good credit will get you a lower security deposit. If you have good credit you may even be able to negotiate the rate, it's a buyer's market. That means that:

    If Laurisa and Jane Doe walk into car dealership for a lease and Laurisa's credit score is 780 and Jane Doe's is 540 and Laurisa says "I'll give you $1,500 down and pay $200/month instead of $220" but Jane Doe says "I'll give you $2,500 down and pay $220 a month" then they will likely approve both offers because of the respective credit scores. Laurisa will have the sweeter deal because she's getting the same thing as Jane Doe for less.
    If you are willing to do for one year what other's won't, you can spend a lifetime doing what other's cant.


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