Maybe the Admin Mods should remove the FR fundraiser plea from this thread..(g)
I heard a newscaster describe this as positive news because it showed that consumers are spending more, which is good for business. There’s a pony in there somewhere.
Why not max out the cards? The government does it and tells us that it is the best way to stimulate the economy.
Not the Federal “credit card” debt!
Hillary will offer to pay it all off if she is elected.
The list, Ping
Let me know if you would like to be on or off the ping list
My debt went up over the summer,too, thanks to repairs to the heat pump and the car.
I’m not sure all this card debt is for bottles of Dom Perignon or trips to Europe. I think a lot of it is just spent on basics in this bad economy.
Right on schedule. They run up the bills and debt during the Dem’s presidency, then it all comes crashing down when a Republican is in office. And guess who gets blamed?
If the government can do it, why can’t we?
” $900 billion, which is the level that at which it becomes unsustainable.”
Sounds scary, but who figured out the $900 billion limit, and what happens if we go above the limit?
“US credit card debt to just shy of $900 billion,”
Which is one-twentieth of the federal government’s debt.
Guess who isn’t cutting back on their spending in the least?
Yeah, I got a couple hundred on my VISA right now. Can’t imagine having an average of $7800 or so.
The credit card companies ding you if you pay off the cards or turn over the cards to get lower interest rate or not using them often enough. Heck I was at a car dealer and told him I had a credit score near 800 as he would find out but he said they have their own way of scoring. Example given was I did not buy too many cars over the years.......
Can a new wave of bankruptcies be far behind? I recently got a card offer for a $600 credit limit with a $175 setup fee, plus a 36% APR. They know a lot of people will just apply without reading the details. They also fully expect to have many default, and they will still make money.
This all started under the Bankruptcy Reform Laws. For honesty purposes I've been bankrupt twice now. First time Chapter 7 full bankruptcy 28 years ago on nearly $200K in hospital bills and this summer Chapter 13 which I will pay back 100% plus lower interest to the bankruptcy court trustee.
Now these corporate Idiots know that by chapter 13 laws I can not apply for credit. Yet my mailbox has no less than 3-4 solicitations daily. I went Chapter 13 due to a 40% permanent no recover from monthly income loss. That mail increased greatly right after my filing was approved with the trustee.
One company I owed the most too was a big box stores credit partner that did away with layaway and instead gave out a store credit card to everyone and likely their dogs and cats as well with high limits. A persons nearly one year total income as the credit limit? Come on! Yeah the applicant is to blame also but still credit card companies did not exercise good business sense themselves.
Blam, I’m sorry.
I just didn’t realize that putting that army surplus
GI can heater on my credit card would disrupt the
nations debt...
Yikes! And I’m freaking out over the $200.00 I owe on my Kohl’s charge, LOL!
Suckers.
Excellent find, BTW! :)