Don’t go nuts on your credit cards, but use them up if you cannot pay them”
In my book........this is downright stealing.
Yep, this article is pathetic. WHY do people not realize that when they steal, it only makes the prices go UP for everyone else?
Liberal friends of ours think it is just the right thing to do right now to use the overseas tax exclusion to travel the world while he works mostly overseas. Yet, they collect their military retirement, social security and medicare monthly. No thought that folks have to sacrifice for their monthly living. It upsets my stomach.
Don’t go nuts on your credit cards, but use them up if you cannot pay them”
In my book........this is downright stealing.
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At this point the credit card companies have bumped you to a 39% interest charge due to that unpaid cell phone bill from 2 months ago and “universal default” and are assessing you huge late fees and penalties in addition to increasing your minimum payment to about 5% of the balance from 2%... The credit card companies are assessing that 39% on past balances accrued at the earlier (lets say 9.9% terms) as well as new purchases ... they know you will default and go bankrupt but their game is to run up the bill as high as possible so that when the bankruptcy judge declares that you must pay back all creditors 20% of the owed amount according to a schedule that they will get more payback as the balance was inflated... they play the game according to the rules they bought from congress ... you’ve gotta play the game right back... you’ve gotta conserve cash ... it’s your only hope in that situation.