Do you contemplate FED will cut rates subsequent rendezvous? why?
Question:
Give me a brief explanation about your answer please!
Answer:
Yes I reflect on that the Fed will most likely cut the rates at the subsequent meeting because the cutback seems to be slowing down. For example for olden times few quarters housing starts own been down. As powerfully other measures like GDP and so on enjoy been increasing but at a much slower rate than a speedy booming economy. All of these point to a slowing of the discount. I would suggest going to the websites below and checking out the historical trends... I hope that this helps... =)
Who care, ..don't invest for the short term..you cannot fashion money forcasting interest rates...next year within July the earth will explode from you going away your kitchen light on when you go out. signed Al Gore
Heck no. Inflation is looming. The CPI would not benefit in the short-term, nor would mortgage rates comfort rebound the housing sector. I don't see a catalyst for nouns within the US cutback with a rate cut at the subsequent meeting.
Pay stale debt vs. Save for a house?
Question:
I don't know what I should do should I be saving for a house or payment off debt, it's lately a little too unyielding to do both at the same time.
Answer:
The push button is whether you can make more money bad your investments than your loan is costing you. For unsecured debt, generally that is to say hard to do, so you'll want to reward it off.
There is no interview - you should pay sour debt first.
pay past its sell-by date debt
If the interest rate is high on your debt, you should reimburse the debt off first. That would also promote your credit score and liability. Some loans are 0% down so if you get your debt compensated down, you would more likely qualify for the loan since you would own less debt to income ratio and a better credit gain.
Pay off adjectives the debits and plan for buying a hot house.
other wise latter you will be forced to seell your dearm home for finishing off these credits.
i'm surrounded by the same situation,but it is better if you pay envelope off most of your bills and afterwards you can start to save the money that you be spending on bills for a house.
Hi there,
Of course paying debts its difficult but its firm to save anything when you owe money. I am within the Mortgage Lending Industry and my advice is to concentrate on paying stale your debts first.
The reason is that paying them down will hang on to your credit score and debt to income factor healthy when applying for a loan. The better your credit - the more programs and more flexibility is available to you.
There are oodles programs now where on earth you can obtain 100% financing as long as your credit is strong. If your credit is meagre its harder to get a moral loan product - even the savings might not support all that much especially on the interest rate.
Hope this help :)
You get a better promise on the house if you pay past its sell-by date the debt first. So pay bad debt.
Me and the girlfriend both have sports car payments and both have student loan payments, and it sucks. We both cause the minimum payments on those loans because they have no return on investment. We squirrel away for a down payment on a house becuase paying rent is of late giving money away, but buying a house you actually bring back a return on your investment (in the end you craft money off living contained by a house instead of throwing money to a landlord). Buying a house will make you money sooner or later, paying off debt is an necessity that won't do you much good if you compensate it off first. Go for the house, procure some roommates and charge rent, and your mortgage payments are probably smaller than your lease/rent payments and you can save some brass in the shutting down.
From a financial perspective, paying off your debt first is best.
This track you can free up more funds to add towards your down return and this will also secure a better mortgage and interest rate to boot.
You may want to consider developing and implement a budget plan to assist in paying past its sell-by date your debt quicker.
I have found that viewing my household expenses in black and white or spreadsheet makes things a together lot clearer and easier to determine how much I am spending on a monthly basis.
Hope this help.
Best of luck with your financial plans for the adjectives!
God Bless
I am assuming you are planning on getting a mortgage when you purchase your house and the saving you are discussion about is for the down settlement. To qualify for the mortgage, you will need to own a debt level inwardly guidelines. If it is hard for you to do both, it sounds close to your debt level may be too lofty to qualify for a mortgage. Talk to your bank or a mortgage broker to find out what debt level are acceptable and work to receive your debt down to that then start positive for your down payment. Also consider the effect of your debt on your credit chalk up. If you are maxed out on several credit cards, it is going to be difficult to get the mortgage.
IMHO...
Here is a spur-of-the-moment scenario...
Let's say you in a minute have a mortgage plus lying on that if you were renting an apartment this is a slight increase surrounded by your monthly utlity bills. So it will become even harder to pay down your debts.
I hold seen situations where on earth people near alot of debt have gotten houses and later used home equity loans to consolidate their debt but this is like moving a piece of trash from one side of the room to the other and calling it cleaning! :)
My personal guidance to you is to pay down your debt first. Go into your current home as close to debt-free as possible!
Good luck!
i suggest that you pay rotten your debts first before planning on investing on a house as your credit rating will greatly affect the possibility of you have a house.
What nature of investment you approaching most for your personal nouns?
Question:
is it CD or mutual fund or money team game or forex or stocks option or gold ingots or small business or what?
Thanks for answering!
Answer:
I agree with Monkey. You should own a diversified portfolio with some investments juice in satchel of emergency, some investments in rates favorable strategies and some investments into growth vehicles.
CDs clear too little interest, mutual funds may be a good choice for some of your funds, stocks generate me nervous because company results give the impression of being to be easily manipulate (Enron, pre-dated options), it is probably a good item to have some gold ingots for an end-of-the-world strategy. A small business would be an excellent choicecontrolling your own destiny.
I only recommend for my clients to assist in Forex as chunk of a long term investment portfolio utilizing conservative hedging strategies.
Best wsihes for a prosperous 2007.
Paul
Mutual funds from Vanguard or Fidelity. did you ever hear that stupid saying"don't put adjectives your eggs in like peas in a pod basket?"
Depends. i hold a family so my first investment be life insurance...second I hold in emergency fund contained by an online account so that I can receive to it easily...next maxed out 401k with a mixed, nonetheless aggessive portfolio...next plan is for my husband and I to put money surrounded by our Roth IRA(long trem retirement) and bonds( for a nearer home purchase), but unfortunatly everyone is so different (taxwise and lifestyle) that it is not one size fits all.
Is a settlement ever considered income?
Question:
Upon receiving an automobile settlement initially you are not tax. Are you taxed at some point and does that money eventually be considered as income.
Answer:
It depends on the circumstances of the settlement. If it's for an injury due to a saloon accident, it is usually not taxable. A settlement remunerated due to lost income would be taxable. Your best bet would be to consult an accountant though, they could tell you for sure. If you lay aside 25-30% and don't touch it, you should be not dangerous. This way you will own the taxable part covered when income due is due. If you can file a common 1040, and accountant should only cost you around $100 to do your taxes. It's well worth the money to hold the IRS off your subsidise.
It depends on your local tax law.
Where do you live? Might be best to consult a professional eg accountant
Sample resume for nouns professionals?
Question:
Answer:
Check out these websites for sample: http://www.bestsampleresume.com/financia...
http://www.miscojobs.com/employers/resum...
I've never have checks in the past, and I'm confused on how to write out the money amout..?
Question:
Answer:
Here are a couple of examples, if it helps
145.25 write: One hundred forty five and 25/100
1150.25 write: One thousand one hundred fifty and 25/100
You write it exactly the path you say it- One thousand one hundred eleven dollars AND (decimal point) ninety-nine cents. Or 99/100.
next to checks make sure u own the money in your dune account first.. after when u write the check amount subtract that from your account.. PS sometimes it bring 5 days for the people to steal out the money so don't spend it..
You write the numbers in the little box on the right mitt side of the check. There is usually a $ next to that box. So for a $1000 check, you write
1,000.00
within that box.
On the long line contained by the middle of the check, you spell out the amount of the check (and be sure to draw a line from the ruin of your writing to the end of that procession so that no one can supply more words to it). So for that $1000 check, you write
One Thousand ------------------------------...
If the check is for 867.33, you write
Eight Hundred Sixty-Seven and 33/100 ------------------
Go with the first answer A++++
http://images.G00GLE.com/imgres?imgurl=h...
this explains everything roughly having a checking description. don't forget to record the amounts for respectively check, like I sometimes do.
Instructions
STEP 1: Start by writing surrounded by the date using any format, as long as it's legible. Use either the current date or a adjectives date for a post-dated check.
STEP 2: Write the name of the personality or company receiving your check on the smudge that starts with "Pay to the Order of" or "Payable to."
STEP 3: Write the numerical dollar amount of the check contained by the small space that starts with a dollar sign ($) so that it read like this: $25.63.
STEP 4: Write matching amount using words for whole dollar amounts, a fractional amount for amounts less than a dollar, and a straight smudge to fill up the remaining space on the stripe ending beside the word "Dollars," like this: Twenty-five and 63/100 ------------- Dollars.
STEP 5: Sign the signature splash at the lower right.
STEP 6: Note the check number, date, payee and amount on the check stub or in the check ledger at the front of your checkbook.
STEP 7: Subtract the amount of the check so that you will know how much you enjoy left surrounded by your account.
are associates getting rewarded for sandbank holidays close to christmas sunshine when you are employed?
Question:
I am working as a secretary.
Used to be self-employed and haven't found out about employment but.
Thank you for your help.
Answer:
When employed, the company is indebted to pay you for adjectives Bank Holidays and usually gives you a little additional days remunerated leave respectively year - usually minimum 14 days, most employers giving more or less 25 days.
yes I am. and st stephens/boxing day too.
this is the regulation in the uk, where on earth are you from?
Yes, i get salaried for bank/company holidays.
You usually get rewarded monthly based on a twelfth of you year's pay. This takes report of public and personal holidays. They are described as paid holiday, but it depends how you look at it.
I am bad until 17 January because I saved my holidays
You are entitled to be salaried for bank holidays.
usually double time + a sunshine in lieu
Yes I am. I receive 10 bank holidays a year and am paid for adjectives of them.
Paid - probably yes
Need to work bank holidays - possibly yes
More income for working bank holidays - possibly not - depends upon industry.
I worked within leisure industry, we be expected to work every bank holiday, but we have 30 days holiday (includes 9 days in lieu of sandbank holidays).
No overtime and often 60 hours a week.
Avoid the sport industry if you can.
After Bill Gates have publicly stated his support for immigrant is NOW a well brought-up time to dump the stock?
Question:
I am selling mine & rarely will use a MAC from very soon on!
Answer:
Well, I personally support permissible immigrants. But the entity is- with these tech companies, they want to introduction as many immigrant from as many sources as possible, if they know anything in the region of a computer. That way they can reimburse Americans who have gone to arts school and gotten a technical point as little money as possible. Its not just Gates, its adjectives of the Technical companies. That makes me angry, as I suggest it makes it so that Americans wont want to study anything exact anymore (why study it if it does not pay all right and its hard to procure jobs), so I think this stance is undermining the US's wherewithal to compete in the methodical world stage in the adjectives. Do we really want to outsource the development of our subsequent generation of military artillery, for example, to foreign nationals? Because to be exact the direction we are headed within.
i would not sell any
Bill Gates go into foreign countries and recruits the finest minds of each. He doesn't be in motion to the emergency rooms in the US and skulk behind no-insurance beaners beside a cold like the rest of America have to.
I have no problem beside immigrants that are feeling like to go through the process justifiably to become a citizen of this country. The problem, I have is near all the unofficial immigrants. The forbidden one ones need to be rounded up and deported or put within jail. Yes, illegals do job in this country that nation of this country are to lazy to do or are not of a mind to do. Because, they are lazy!!
As for the stock, I would hold on to it.
A good time to dump the stock would enjoy been precipitate April, 2000!
Sure, sell it if it make you feel better. Does the reality of his opinion hold bearing on the stock advantage? Nope.
Does it upset you so much that you would sell it? Apparently.
Fact is, within are a lot of companies that enjoy policies which are not "green" or even "good for humanity," but they foot dividends every quarter. There are plenty of "socially conscious" mutual funds now- go buy em'.
Would you not benefit by buying shares contained by a military provisions company? How about Wal-mart? Did you know they contribute millions of dollars every year to the Republican bash? Does that sit well near you? How about Amazon.com? They are a beefy political supporter. Do you shop with them?
http://www.buyblue.org/
Be blessed,
I build most of my stock ownership decisions base on a company's financially outlook, since that is what typically drives the price up or down.
If you yearning to make your buy & provide decisions on some factor that have no influence whatsoever on the stock's price, that is your right!
Good luck near that!
No since Bill Gates is the master of money, now is the time to buy mexicans house salve, you will profit.
own u be conned surrounded by any scam b4?
Question:
Answer:
Oh yeah. I had some rims of mine for deal in on the Steals and Deals website when I got an proposition from a Nigerian con man.
Well cutting the story short, the concordat went as far as me in fact receiving the international money advice. This would have be cool had the money information actually be real but they weren't. I have worked in the import/export business until that time and had be through many frequent transactions and I immediately could transmit they were not actual. I took them to my local Post Office where they be consficasted and sent on to D.C.
Like the old maxim goes "if it's too dutiful to be true, it probably is".
Yes, I was conned into a business investment for a childcare center and the money be mismanaged and lost. I lost very little compared to one woman I knew who put adjectives of her life nest egg into it. I felt really unsuccessfully for her. I sure learned my lesson though.
no
No. Anytime something seem too good to be true it usually is so I hold my money away from it. Too bad my middle brother doesn't know better because very soon I am helping him out of a pickle. Good luck and keep your money away from spicy traps!!
Yes a company out of fl. promised free ld calls.This be 20 years ago. He took out a full page add contained by major the Fourth Estate. $100
FOR A YEARS CALLS.He got millions and haul but to some island.Still wanted by US gov.
Fincancial advice- clan requests to procure posterior on track and into a place of our own again?
Question:
my dh and I have two girls (7 years prehistoric & 2 month old) and are currently "stuck" living with my grandparents. We own been for over 1 yr. Trying to obtain things paid sour and such- but its going so slow- we put every extra cent we have into things- that it's going to lug 20 years to get things done. We are almost $18,00 in debt- & because of doomed to failure early duration choices my credit is HORRIBLE. I'm fixing it- just take lots of time & some days feels close to it will never end. I tried for a debt consolidation loan (2 years ago) but be denied. We owe my grandparents about 2500 and we arent allowed to move until it's adjectives paid.. I'm on parenthood leave in a minute (daughter is only 5 weeks old) so for now- we lone have 1 income and after bills and his student loan payment- theres nought left. I a moment ago don't know how much longer i can handle our line of 4 living in 2 small rooms at their house. i'm going crazy. hehe. Any financial Advice for me?
Answer:
I know greatly of answerers after me are going to tell you "No, they're discouraging! Run away as fast as you can!!", but I discern like I hold the responsibility of letting you know. You should try to find your closest Primerica office through the wan pages, usually lower than financial planners. They deal beside getting you back on your foot into financial freedom. My boyfriend is working Primerica and I'm going to join him soon. I've gone to every training seminar near him and I know they can help. Even if you hold sucky credit (like I do) they can help receive all your debt into one loan. Trust me, we've have clients come in and testify how Primerica have helped them profoundly. You have to at tiniest call them and hear them out... greatly of the things they tell you can assist you in the long run anyways, even if you don't wind up up getting any financial products with them...and with the sole purpose they can help you go and get a game plan going to grasp into financial freedom.
I know it's hard, but you are doing the right article. Because you don't have to settle up rent or mortgage, you should be able to reward off your debts and establish a small emergency bread fund in a year or so! You are not even within the hole by much--many people would snuff out to only own $18,000 in debt.
Now I don't know how much you take home or how old you are, but I'm betting you're young-looking and make relatively little. That's OK--you hold plenty of time, and your income level will grow as you acquire older (you call for to make sure that it does by have adequate background and good skills).
Here are the major things you need to be doing:
1. Fix your credit. Have at lowest possible one credit card, use it every month, but pay it rotten every month. Pay your bills on time, and you will hold good credit by the time you can afford to move out. Your hubby should be doing equal.
2. Put every dime into debt payments. You say you are doing this already, and I hope that's true. You enjoy relatively few expenses right now--as you're taking care of child consideration and you're not paying much rent/mortgage/utilities, if any. You should be able to salary down your debt within 18 months, even if your income is low.
3. Save some, too. Once you reward down most of your debt, make sure you enjoy some savings back you move out. That way you don't extremity up having to ask for money/room&board again!
Good luck!
this may not give the impression of being like much, but we started an online hill account that automatically withdraw on a regular basis...financial planners other say, reward yourself first and you will try harder to make your other bills, its better to income off things consistently
Hi,
I used "Credit Solution" to settle my debt.They manage to reduce my debt up to 58%.I come accross this company while watching NBC.Check it out here:
http://www.tkqlhce.com/click-1813149-104...
Need to make higher money for summer military camp.?
Question:
I know i've already asked, but hopefully i will get a few more thinking.
I need to find creative ways to earn money for summer military camp. Its two weeks and residential, so its costly. Have any creative ideas to give a hand us get started.
p.s.-no vulgar comments please, and no carwashes...
Answer:
If you live surrounded by an house, then gain out of your house. Put stands and table and do a lemonade stand. Just go to walmart, buy the big jar of koolaid powder and generate juice and provide it.
Go to people's house for collecting money.
Sell fresh baked cookies to people.
So simply you don't want to work to earn the money?
Well if you're looking for free money then why not hit up your nearest and dearest? Grandma?
I don't know anyone who hands out free moneybut to earn money...start looking at ways where on earth people are going to want to contribute to you similar to giving back to your community. Show them how this summer military camp is going to be beneficial for you.
My wife was conversation about this subject this morning. Our kids are 10, 9 & 6 and want to shift to church camp this summer. The elder two will cost around $300 each whereas the younger will cost around $150 (it's a shorter stay).
My wife suggested that we find ways to assistance them earn money to pay for adjectives or some of the costs.
I have an opinion that I think will work. I know of insurance companies that compensate people $10-$15 for every creature that asks for a free insurance quote.
I was thinking almost creating a flyer for them to pass out door-to-door asking ethnic group to get a free quote.
Contact me if you want specifics on how to do this.
I aspiration you the best and hope you find a profitable idea.
Scott
I guess it depends on how matured you are. Fundraisers are always popular next to the younger crowd. You could sell items door to door. It's time consuming but the profits are virtuous. Even better, get your parents to cart the catalogs to work. Co-workers usually buy a lot of stuff.
You could try treasuretrooper. They remuneration you for filling out surveys and signing up for free offer. If someone says this is spam they wouldn't know because they havn't tried it. It is free and no credit card is required! Hope this help...
Information roughly electronic nouns?
Question:
it is financial company to deal beside indisturial clients with their product loan on piece of equipment
Answer:
I think you call for to word your question properly.
what ?
If you retrieve $58 a week will you enjoy a million dollars by age 65?
Question:
I went to a financial seminar and they said that at age 30 if you start to recover $58 a week, by age 65 you will have a million dollars. After doing the calculation myself...I cannot figure out how this is possible. I assume it have something to do with the interest or the type of side you put the money into. Anyone know?
Answer:
You can't "save" a million dollars at $58 a week, it would take too long! But you can win to a million by investing $58/week in popular adjectives stocks and never selling them until you retire:
If you invest $58 each week into a "broad market" adjectives stock mutual fund that reinvests all dividends and wherewithal gains, you can expect that fund to earn the historical average of between 10 and 12% a year on the match in in attendance at any particular time. (Average stocks grow 7% a year, or 10% including dividends)
What make it possible to turn $58/week into a million dollars is "compound interest"; if you put the money in a mutual fund that "compounds" (or calculate & adds) your interest on a daily principle, it is very possible to create huge sums from tiny ones, because after a week you are not solitary earning 7% on your $58, you are earn money on the last weeks growth of your $58! At the emergence, this is just pennies or fractions of pennies, but it soon add up!
This is why, the younger you can start putting a little money into stocks, the better luck you have of man wealthy "following on".
Good luck!
(Go to http://www.fool.com to learn investment requisites without have to pay someone for the privilege.)
You would hold to earn 10.5% annually during the 35 years so that would be investing in the stock souk , mostly diversified small cap stocks, and still it wouldn't be for sure. Also maintain in mind that within 35 years time a million dollars won't be that much.
no you would make $196040 if you save from the day you be born
This calculation is done by using projected intrest rates.
Saving $58 per week after taxes surrounded by a Roth IRA bearing an avg of 10% return when you are 30 will obtain you $1 million by the time you are 65 without considering inflation. To check it out walk to motleyfool.com they have some calculators youc an work it out on. (Keep surrounded by mind this only works after taxes within a tax sheltered vindication. If you were doing a tax account your time would be alot longer).
It adjectives depends on your "Annual Yeild" (Interest Rate), and the "Annual Inflation Rate".
You can do the math yourself on a savings calculator at the interconnect below.
Save now, the younger you are, the more you will own.
Yes, if you can earn about 10.5% or more on your nest egg over that 35 year period. That's give or take a few a million you get out for your $105,500 you would enjoy put in. In other words, nearby are very few ancestors that should not be millionaires be the time they are 65 if they start smart and early. Getting 10.5 % on a inspection of mutual funds would not be that difficult if you search for those next to 10 year histories of 10-12 %.
Note: This does not include fees, does not allow for taxes, and doesn't take inflation into portrayal.
The magic of compound interest is the switch here.
If you put $250 a month into a tax deferred retirement mutual fund (say an index fund), hold the fund for 35 years, bring about the average rate of return for the stock market (roughly 11% per year), at the finishing of the 35 years you will have a bit more than 1 million.
This isn't accounting for inflation, so within 35 years your million is only going to be worth 400k surrounded by todays terms (if inflation averages 3%).
There are frequent web sites out in that which have money calculators. Perhaps going to cnnmoney.com or cnbc.com might be helpful.
It's possible...If you assume a 10.5% annual return on your investment. I devise that number is pretty aggressive. Certainly you can achieve it if everything works immaculately in the open market. But, two small depressions in the ending 10 years will kill you. It also doesn't lug into consideration inflation (as prior posters have said). Your million will really simply be able to buy $400k worth of merchandise and materials. Which, in turn, equates out to in the order of 16,000 (in todays dollars)that you can take out respectively year and expect the money to last your entire enthusiasm. So if you can live on 16k a year it's great.
So, while it sounds nice...you really need to hold more than that...it's a good start but I'd shoot for $100/wk. That and no house reward will get you a long ways when you retire.
It is related to the interest, or rate of return.
be in motion to www.economicinvest.com and see what they offer. The research is nouns, and they identify investments that provide a great value, so near are good returns
they also provide investment philosophy and technique that are advanced and used by institutional money mangers.
If you began abiding this at BIRTH it would work. ( see calculations above contained by others answers )
If you INVEST this amount from age 30 on, you will need a nice amount of interest and not a soul can predict interest ! NEVER assume you will make a lasting amount of interest or you will could be quite disappointed contained by the future.
DO, however, stockpile 10 times that amount and make your retirement worth living. Only you can plan for your retirement... do not count on rule or your job's pension. Save retrieve save and invest invest invest and you will be fine.
=^,,^=
On inheritied property that be sold how long do i own to report the income or do i hold to do it that year?
Question:
Inheritied property from mom and dad after their death it be out of state so i sold it. Is it a capital gain or what and how long can i own to report it? Can i divide it by the number of years ive had it since their extermination in 2001 or do i enjoy to claim it as one lump sum in the income gains nouns because i sold it last year.
Answer:
The property you adjectives should have received a investigational cost basis base on the date of death property efficacy. Any gain above your basis is tax as capital gain within the year of disposition. You do not pay income charge on this amount, but rather wealth gains taxes. It is adjectives reportable in the year of public sale. If you sold the property last year, you would report it on your 2006 taxes.
Will it hurt my FICO win if I ask my creditors to lower my credit bound?
Question:
If a credit check is run, will the reports show a decrease contained by the credit limits on my accounts?
Answer:
The feat of decreasing the limits will not lower your gain directly. But if you carry a ballance on any of your cards, the decrease limit will show that you enjoy a higher utilization rate (the amount you owe on the cards divided by the total contain on the cards). A higher utilization rate lowers your credit mark.
As long as you keep your total utilization rate below 30%, the lower borders on the cards should not hurt your score much if any.
Yes, your credit chalk up could drop if your credit limit go down.
Part of the credit score is measured by calculating debt to credit impede ratios. You want to use smaller number than 50% of your available credit at all times. On the other foot, if you don't carry any balance, it might not matter if you lower your cut-off date, as the ratio will remain 0.
But I don't know why you'd want to do that, unless you're giving someone access to your card that you don't trust very much (a bleak idea anyway). Keep the availability surrounded by case you ever own an emergency or really need it--it's unyielding to get credit when you stipulation it., sort of like insurance.
It possible will, yes.
Your credit is based, contained by part, on the amount of credit already extended to you (ie. your credit limit) and the amount of credit you are using.
For more information http://www.how-is-your-credit.info/...
Yes, it will.
If you owe 5k and enjoy a 10k limit, you hold a 50% credit-to-debt ratio.
If you reduce your hinder to 6k, now you enjoy a 83% credit-to-debt ratio.
On the other hand, if you increase your issue to 15k, you now enjoy a 33% credit-to-debt ratio. You want this ratio to be under 33% to avoid negatively reflecting contained by your FICO score.
Be blessed,
Decreasing the inhibit is not, on its own, a bad entity. However if you carry a go together on any cards and you decrease the precincts, you make your overall utilization ratio (balance vs. limit) higher-- and if its over 30% it can ding your chalk up.