Credit cards

I swear after we pay off the ones we have we're going to cut them all up. I'm so incredibly tired of having them not recieve any faxes to them. Ive had to fax my husbands orders to the same company 29 times. I'm not exaggerating, it's been 29 times. Such incredible crap. Juniper/Barclay has been nothing but a pain in the hind end. Not to mention I haven't dealt with many credit card companies that allow their customer service reps to yell at customers when the customer has maintained a calm and professional demeanor.

I hate them and I'm a slave to them, all at the same time...

I have never had a credit card. I honestly don't feel like I can safely have one. I know my limits, although I am not a big spender. I don't think it would be wise for me to get one right now.

We just got out of roughly $30,000 worth of debt last may. I intend to keep it that way.

Being 23 with that kind of debt was scary and overwhelming.

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Originally Posted by Kristy

I have never had a credit card. I honestly don't feel like I can safely have one. I know my limits, although I am not a big spender. I don't think it would be wise for me to get one right now.

We just got out of roughly $30,000 worth of debt last may. I intend to keep it that way.

Being 23 with that kind of debt was scary and overwhelming.

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Oh, I feel ya! My credit card ebt is actually pretty slim. But I have almost $100,000 taken out in school loans... ugh, I don't even want to think about it...

If you can stay away from credit cards, by all means, do it! :gj:

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Originally Posted by ladywhipple02

I hate them and I'm a slave to them, all at the same time...

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From the book of Isiah "for the borrower shall be slave to the lender, and the debtor slave to the creditor."

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Originally Posted by ladywhipple02

Oh, I feel ya! My credit card ebt is actually pretty slim. But I have almost $100,000 taken out in school loans... ugh, I don't even want to think about it...

If you can stay away from credit cards, by all means, do it! :gj:

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Ours was from a car accident. Some guy rear ended my husband doing roughly 45 mph in a F 150. My husband was at a dead stop in a Honda Civic.

It was ALL hospital bills! 3 years of fighting insurance companies.
Oh it was a complete mess. Destroyed our credit, everything.

I only keep one as an emergency....Use cash while you still can! Soon it will all be electronic money:confused:

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Originally Posted by Freakie_frog

From the book of Isiah "for the borrower shall be slave to the lender, and the debtor slave to the creditor."

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Love it! :gj:

And I'm soooo sorry to hear it, Kristy! A lot of health insurance companies are so messed up... :(

34 and never had one and won't get one

I owe 250 than I am debt free other than truck payment!!:banana:

My grandparents never had credit cards. Never bought anything on credit except their house. I'm pretty sure they didn't even buy their cars on credit.

But times changed. Eventually they were forced to get a credit card because it became impossible for them to do things like reserve a hotel room without one.

At least now you can use the debit cards that have a credit card number but draw from your checking account.

It is a good idea to have at least one credit card and to use it a little and pay it off every month IF you can be disciplined and not overspend. Building your credit history is important in today's world. Plus it gives you a little flexibility in case of an emergency where you really need some extra money.

If you are really afraid you won't be disciplined with it, get 2 accounts. Have one with a small limit, so you can't over spend. Have another with a bigger limit that you do not carry with you and do not allow yourself to use, but it is there in case of emergency.

My husband and I have only had problems with this one card. We'll be keeping one of our others open after all are paid off but this one has already been cut up. There are some websites even talking about this company o.O Pity we can't have a BOI for credit cards :D

Credit is a game. The biggest mistake that people make, is not reading the promissory note that they sign to take out credit. Or taking out too much credit that they might not be able to afford to pay back. I think that there is dishonesty on both sides. CC companies can and do prey upon the lower-income population.. and people who take out credit try too hard to live outside of their means.
I work in collections. I am not a frontline collector (usually) who talks to people for the first time, but I work with payers; setting up pmts. over the phone, etc. I work out a lot of settlements with debtors over the phone. I am not a person that gets nasty to people on the phone, but I have been through the wringer and we all snap sometimes. Like the guy who called me every name in the book and demanded that I stop his interest! We don't even apply interest; the guarantor does.
Would I advise people to never take out credit lines? No way. How else is the average joe going to get a car.. house.. etc? Now.. I say, do it responsibly. Flashy items like bigscreen TVs and trendy clothes are foolish things to max a CC out on. Buying a few useful things that you know you can pay for in the next few months.. that is great. Taking out $5K for a frivolous thing like car-rims? LOL..
This is just how I think, based on having been on both sides of the issue. Am I a debt-free collector? LOL.. no way.. car loan. CCards. Future mortgage with my hubby. Our backup plan? Life insurance on each other. Pay off debt with that if it comes down to it. Or sell off assets.
Anyone who has overabundant assets and a lot of debt, is doing something wrong. Assets are rewards.. not something to put money into when debt lingers. I am stunned by how many of my debtors own paid-for boats, vacation homes, luxury vehicles.. and then tell me that they can only pay $50 a month on their 5K-plus balance.