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Cardholders Caught In Credit 'Trap': Report
http://www.foxnews.com/story/0,2933,292872,00.html ^
| 8-10-07
Posted on 08/11/2007 6:39:42 AM PDT by Hydroshock
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To: FreePaul
If you cant afford it dont buy it. That would eliminate most credit card debts.My only regret in running up a credit card balance was that the money wasn't spent on toys! Your advice is good, but realistically it is not possible if you have a real emergency situation that requires money to be spent immediately.
Of course though, I won't buy any toys until the balance is paid off.
21
posted on
08/11/2007 6:59:39 AM PDT
by
pnh102
To: dalereed
I didn’t say I was going to use a credit card. I already used my emergency funds on medical bills. There is no bus service, and it’s too far to walk on my broken ankle I just paid for. I need the job to make money to replenish my emergency fund and to take care of other expenses so I don’t become a burden on society.
22
posted on
08/11/2007 7:01:39 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Hydroshock
23
posted on
08/11/2007 7:02:26 AM PDT
by
Rightly Biased
(Courage is not the lack of fear it is acting in spite of it<><)
To: Rightly Biased
The borrower is slave to the lender! Not if the contract is entered voluntarily.
24
posted on
08/11/2007 7:03:31 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Hydroshock
“an idea world it would be 6 months bills”
I was taught that that was the absolute minimum and ever since i’ve had a bank account when I was 8 i’ve maintained much more than that. I always keep at least 2 months in my checking account.
25
posted on
08/11/2007 7:03:44 AM PDT
by
dalereed
To: Hydroshock
If you use a credit card because you can’t afford it, how can you afford it with 20% interest on top?
26
posted on
08/11/2007 7:05:10 AM PDT
by
listenhillary
(millions crippled by the war on poverty....but we won't pull out)
To: Rightly Biased
27
posted on
08/11/2007 7:06:01 AM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: pnh102
Of course though, I won't buy any toys until the balance is paid off.Sounds as if you meet my only criteria for running up your credit card balance. You can afford it. That concept seems to be beyond some here.
28
posted on
08/11/2007 7:06:15 AM PDT
by
FreePaul
To: Hydroshock
Wouldn’t you be more comfortable living under sharia? Check out Saudi Arabia.
29
posted on
08/11/2007 7:06:53 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Hydroshock
Suckers. We paid our 2nd mortgage card off. No car payments, no nuthin.
30
posted on
08/11/2007 7:07:03 AM PDT
by
AppyPappy
(If you aren't part of the solution, there is good money to be made prolonging the problem.)
To: Moonman62
These passages are from the Old Testament, where you believe or not is your concern, but the wisdom that Proverbs and other passages hold is undenignable.
31
posted on
08/11/2007 7:09:33 AM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: AppyPappy
Can’t wait until I can say the same. Great for you.
32
posted on
08/11/2007 7:10:00 AM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: Moonman62
You can’t voluntarily put yourself in slavery? I think not.
If you owe something you are a slave until the debt is paid be that credit or anything else.
33
posted on
08/11/2007 7:12:51 AM PDT
by
Rightly Biased
(Courage is not the lack of fear it is acting in spite of it<><)
To: Moonman62
Proverbs 13:12 says Hope deferred makes the heart sick, but when the desire comes it is a tree of life. In other words, when you can see something at the end of the tunnel thats not an oncoming train something thats real light and real hope you get excited. Think about it. Theres not one place in scripture where God uses debt to bless his people. In fact, the Bible calls debt a curse.
34
posted on
08/11/2007 7:15:05 AM PDT
by
Rightly Biased
(Courage is not the lack of fear it is acting in spite of it<><)
To: Hydroshock
The consumer deserves much of the blame but an equal measure of blame should fall on the credit card companies themselves. I don’t think a day goes by that I don’t get one or two mailings saying I’m pre-approved for this card or that card. I’ve got a maybe half a dozen credit cards, only one of which I carry a balance on, and I added the spending limits up the other day. If I wanted to max them all out I could ring up well in excess of $120,000. That’s insane.
35
posted on
08/11/2007 7:15:34 AM PDT
by
Non-Sequitur
(Save Fredericksburg. Support CVBT.)
To: Hydroshock
retroactively applying rate increases is wrong.
Other than that, I have no sympathy for people who take out the card, swipe it, sign the slip when they can’t bloody well afford it!
To: Rightly Biased
My Grandfather once said, Debt is the ugliest 4 letter word.”
37
posted on
08/11/2007 7:16:56 AM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: FreePaul
Oh really, Paul. If you can’t afford it don’t buy it. Brilliant.
There are many valid reasons (medical expenses, auto repair, unforseen emergencies) that people have to put on credit cards.
Save your sanctimonious crap dude. Credit card companies suck. The average credit card holder does not.
38
posted on
08/11/2007 7:17:08 AM PDT
by
fleagle
To: AppyPappy
I’m debt free as well Appy it took the Mrs. and I 24 months but we did it I am not any mans slave anymore!!
39
posted on
08/11/2007 7:17:25 AM PDT
by
Rightly Biased
(Courage is not the lack of fear it is acting in spite of it<><)
To: Rightly Biased
If you owe something you are a slave until the debt is paid be that credit or anything else. Do you live in some backwards country that doesn't have bankruptcy laws?
40
posted on
08/11/2007 7:21:55 AM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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