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Posted: 3/17/2006 10:11:13 AM EDT
[#1]
no |
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Posted: 3/17/2006 10:11:50 AM EDT
[#2]
no
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Posted: 3/17/2006 10:12:17 AM EDT
[#3]
debit card/cash
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Posted: 3/17/2006 10:12:17 AM EDT
[#4]
Debt free is the only way to fly.
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Posted: 3/17/2006 10:12:49 AM EDT
[#5]
YES.
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Posted: 3/17/2006 10:13:11 AM EDT
[#6]
Finally an honest man.
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Posted: 3/17/2006 10:13:18 AM EDT
[#7]
The only reason I am going to feel the sting is because I just got laid off indefinitely today. It could prove to be a tough year for the Simpson family. I have to start getting some resumes out.
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Posted: 3/17/2006 10:13:50 AM EDT
[#8]
Pay it down or get a HELOC/refi. Problem solved.
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Posted: 3/17/2006 10:15:27 AM EDT
[#9]
Don't know about you guys but........ My family's monthly bills for CCs has gone down about 20% since the govt 'rate hike'.
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Posted: 3/17/2006 10:16:07 AM EDT
[#10]
problem is a lot of people did that and milked every last penny of equity in their houses and ran the cc debt back up... the times ahead aren't gonna be very nice to a few people... |
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Posted: 3/17/2006 10:16:44 AM EDT
[#11]
If you are carrying the same balance I find that hard to believe. Unless you had your rate lowered.
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Posted: 3/17/2006 10:18:40 AM EDT
[#12]
After 26 years of bankruptcy practice and seeing what credit card debt can do to folks, I don't have one, I don't want one!
Same reason I don't go to topless clubs since the Ex-Miz Hun and I got back together. 'A man's got to know his limitations.' - Harry Callahan (Clint Eastwood), Magnum Force, 1973 Eric The(Sensible)Hun 
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Posted: 3/17/2006 10:18:48 AM EDT
[#13]
You are only NOW beginning to hate credit cards? wtf? I guess the government law had the desired effect.
It simply requires you to pay a little more than just the interest. Seriously, pay them off. Do whatever you need to do. Sell some guns if necessary. Pay them off. Do not spend more than you earn. Do not carry a balance. Ever. Credit cards are the devil.  Indebtedness is slavery. |
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Posted: 3/17/2006 10:20:53 AM EDT
[#14]
You got back together with your ex-wife? Sensible you say? 
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Posted: 3/17/2006 10:22:36 AM EDT
[#15]
Honestly... No.
My wife and I haven't carried a balance on any of my credit cards in 12+ years, not once. No idictment on anyone who has or does carry balances - my family does it all the time as a matter of course. But I can't bring myself to let it happen to me. Even when we had to tighten our belts to make the payment, we did it. Lots of Ramen noodles were eaten! 
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Posted: 3/17/2006 10:22:54 AM EDT
[#16]
Hang around awhile, you'll find that they'll all be "Ex-Miz-Hun".....some just don't know it yet. 
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Posted: 3/17/2006 10:23:07 AM EDT
[#17]
No. Then again, I don't have debt.
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Posted: 3/17/2006 10:26:16 AM EDT
[#18]
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Posted: 3/17/2006 10:29:25 AM EDT
[#19]
Stupidity is supposed to hurt. Blaming Credit Cards because a person has NO self control is the same as blaming Guns for a high crime/murder rate. In the long run, this new ‘program’ will reduce Consumer Debt, just gonna’ hurt some people for a while.
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Posted: 3/17/2006 10:32:54 AM EDT
[#20]
nope. paid off $4k in CC debt last summer. got $300 on the only remaining card I have. limits $500.
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Posted: 3/17/2006 10:33:07 AM EDT
[#21]
I do suppose I am stupid. Stupid for getting hurt in Iraq, stupid indeed. I used CC's to put food on the table while I waited and waited for my company to get off its ass and pay me.
I think it is going to have the opposite effect on consumer debt. I predict it will raise the level of default on debt. Not in this household though. We'll get them paid off soon enough. I didn't ask you to insult me, I guess it's just in your character to be an asshole. |
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Posted: 3/17/2006 10:34:02 AM EDT
[#22]
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Posted: 3/17/2006 10:39:28 AM EDT
[#23]
?
Someone made purchases with a credit card, and now the credit card companies want to be paid back? GASP! |
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Posted: 3/17/2006 10:54:34 AM EDT
[#24]
I will assume your comment is directed at me. Reading is fundamental. Go back and re-read my post and what was quoted and if you still want to stand by your “A**hole” comment. We can discus who the ‘A**hole’ is. If it was not directed at me, then I apologize for any misinterpretation on my part. |
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Posted: 3/17/2006 11:06:33 AM EDT
[#25]
No, I think he meant the Ex-Miz Hun, not the Ex Mrs-Hun.... |
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Posted: 3/17/2006 11:07:59 AM EDT
[#26]
I've recently cancelled all of my cards. I never needed them, and I sure don't need them now. So...no. I haven't felt the sting.
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Posted: 3/17/2006 11:11:38 AM EDT
[#27]
No, I am a firm believer in personal responsibility.
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Posted: 3/17/2006 11:12:53 AM EDT
[#28]
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Posted: 3/17/2006 11:14:47 AM EDT
[#29]
The rest of us must not be honest men.
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Posted: 3/17/2006 11:15:45 AM EDT
[#30]
+1 |
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Posted: 3/17/2006 11:16:28 AM EDT
[#31]
And I used to think the Hun was a smart man. 
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Posted: 3/17/2006 11:17:26 AM EDT
[#32]
No, not because I dont have debt, but because I never made just the minimum payment.
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Posted: 3/17/2006 11:18:02 AM EDT
[#33]
I've been feeling it a bit. The minimum payments on my accounts went up. I'm pretty pissed.
What really sucks balls for me is that I moved recently to a bigger apartment, and have had a TON of bills and extra costs thrown at me because of it. I'm about to get ~$1100 bonus that I was going to dump into debt. Even with a buttload of OT on this next check, all these bills piled up will probably only leave me with about $300 of that bonus to pay into debt. I'm getting really motivated, and my goal will be to drop about $500 into it all monthly until it's gone. |
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Posted: 3/17/2006 11:20:33 AM EDT
[#34]
Don't carry a balance so I don't feel it at all.
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Posted: 3/17/2006 11:21:59 AM EDT
[#35]
No credit card debt here.
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Posted: 3/17/2006 11:23:37 AM EDT
[#36]
Many of the credit card companies agree with you. They predict increased defaults and bankruptcies. I had my bad time with credit cards after we got married and couldn't find work. I think this new policy will on the whole benefit people but it is going to be some tough medicine right now. |
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Posted: 3/17/2006 11:27:38 AM EDT
[#37]
Nice, I'm just about to snag about $500 worth of overtime next month... and hope I can get more. I'm going to try to be working a lot. I have quite a bit of CC debt, and a couple of the accounts have totally jacked up the interest rates. It pisses me off.
As soon as I get them paid off, I'm closing all but one (probably my USAA Mastercard, they have NOT jacked up my rates, and treat me right), but will probably have them lower the limit to something more sane, that I could pay off relatively quickly in the event of an emergency. |
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Posted: 3/17/2006 11:45:16 AM EDT
[#38]
FWIW the credit card industry didnt ask or want the increase of minimum payments.
Some anti-debt lobby promoted it. The credit card lobby didnt want it passed because they know some people wont be able to keep up, and will default. IMO I'm glad it was passed. Defaulting really isnt that bad for the average person with bad credit already. |
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Posted: 3/17/2006 11:46:23 AM EDT
[#39]
No.
It's actually for your own good to have a realistic payment schedule. (Pay mine in full each month) |
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Posted: 3/17/2006 11:59:18 AM EDT
[#40]
Increased monthly payments are a good thing. They are screwing you less now, not more.
Credit card debt is like wearing a concrete necklace around; all day, every day. |
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Posted: 3/17/2006 12:02:32 PM EDT
[#41]
When the legislation was going through and everyone was complaining about it I recall shouting at my TV "this is for your own good!"... ... Now that I think about it, I shout at my TV a lot. I'm not even an old man yet! I'm a 34 year old curmudgeon!
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Posted: 3/17/2006 12:08:57 PM EDT
[#42]
No.
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Posted: 3/17/2006 12:10:56 PM EDT
[#43]
33 year old curmudgeon here. I got so mad at my TV I kicked it out of the house. |
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Posted: 3/17/2006 1:31:56 PM EDT
[#44]
Definitely. I haven't paid interest to the CC companies since about 1993. Don't charge more than you can pay off when the bill comes. |
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Posted: 3/17/2006 1:44:59 PM EDT
[#45]
... So you're insinuating that those answering NO are liars  ... Have you considered the concept that some folks perhaps know how to manage their finances? |
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Posted: 3/17/2006 1:58:38 PM EDT
[#46]
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Posted: 3/17/2006 1:59:54 PM EDT
[#47]
+87000000000000000infinity if you don't have the cash on hand to buy it, DON'T DO IT! |
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Posted: 3/17/2006 2:05:26 PM EDT
[#48]
I have a grand on the card from ordering ammo but I have the money already put aside to pay it as soon as I get the bill. That is the only way to use a CC. I get some protection by using it but they only make money off the company and nothing from me.
Never ever, EVER!!!!! carry a balance from month to month and you will be fine. By mid year, all I will owe is a 500 a month house payment. [15 year-3+dbl payment after all other debt paid off] Live cheap, live happy. |
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Posted: 3/17/2006 2:10:58 PM EDT
[#49]
Here is your post:
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Posted: 3/17/2006 2:15:31 PM EDT
[#50]
Dont have a CC. They raised the rates? Thats gotta suck.
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