Credit Card Bills Deliver a Shock

Portland Oregonian ^ | 12/05/2007 | Laurie Kellman

[dakine]

hahaha...!!

[AlaskaErik]

I use my two credit cards for anything and everything. But I also pay them off in full at the end of the month. That way I get the rewards but not the high interest rates.

[JZelle]

"There is only one good way to use credit cards. I use my credit card for everything, but I pay in full every month. I never carry a balance. I have always done it this way, even back when we had little money."

Same here. The credit card companies hate us. They consider us freeloaders.

[Sue Perkick]

I’ll be darn. I thought I was the only one who did that.

[Unknowing]

I don’t even have a credit card. Why bother when I’m banking such coin filing bankruptcies for people who can’t or won’t pay their predators?

Who cares what the predators do, or what the law allows? I don’t care because I’m raking it in!

[dfwgator]

Personal Finance needs to be taught at every high school. It’s amazing even how many college graduates don’t know the first thing about personal finance.

[Obadiah]

LOL!!

[MrB]

Using one credit card for everything and paying it off every month gives you a nice budgetary paper trail, doesn’t it?

It’s what I do too.

[Graybeard58]

Everyone on FR has “above average” children

Don't leave out the grand children, for those of us who have them.

I will have about 12 of them at my house for Christmas. I already can't wait for them to go home.

[gridlock]

Ok. She has a $7,000 credit card balance.

She pays an $8.00/month convenience fee to pay through the internet.

So she is voluntarily paying 1.5% extra, every month, just to save a stamp. And now she is whining because her interest rate went from 18% to 24.5%.

Some people are just too stupid to be permitted to handle money.

[Obadiah]

Hi Neighbor!

[Dianna]

Unless the contract stated that the company reserves the right to raise rates if the user goes below some FICO number, then this is nonsense.

It sickens me that I have to agree with democrats.

[MrB]

Discover keeps calling me because

I have the card, and haven’t made a charge on it for 6 months or more. They keep trying to offer 0%, etc. So far I haven’t needed that.

[2banana]

We pay our cards off each month and have actually stopped using them at all because I find their practices so distasteful. I think if any area needs reform it would be credit card companies. They are a bunch thieves constantly changing their terms, they are predators and masters at marketing their evil.

You know - there is a free market out there. There are plenty of no annual fee and low interest rate credit cards you can sign up for. Credit Unions are a good place to start. Money Magazine every issue lists about 10 of the very best national cards. If someone signs up for Discover and then complains about it - it is a pretty easy fix WITHOUT THE GOVERNMENT "helping"...

[dakine]

“...I already can’t wait for them to go home.”

HAHAHA!! Two chuckles from ya’....thanks!

[RockinRight]

That I agree with.

[AmericaUnited]

but having said that, Discover Card is the WORST credit card company out there

They really are the lowest of the low, and one of the most devious.

[nomorelurker]

I don’t understand the premise of the whole thing. As I understand it the CC companies run a credit report see that someone’s credit may have deteriorated and then raise their rates. That seems like nothing more than making the situation worse by making it that much harder for them to regain good credit.

[weegee]

Hi neighbor! < /s >

[MrB]

Yep, no chance that conservatives on a conservative website would be more likely to be financially responsible than the general public.

/sarc