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Reply #44: I think that should absolutely be the law. Bravo! [View All]

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GOTV Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-07-07 09:02 AM
Response to Reply #6
44. I think that should absolutely be the law. Bravo!
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  -Who is at this point saying 'Fuck it' to the credit card bills HawkeyeX  Aug-07-07 12:48 AM   #0 
  - I'm gonna go on a "debt management" program  villager   Aug-07-07 12:50 AM   #1 
  - The best way to carry out this "generational project"...  regnaD kciN   Aug-07-07 01:00 AM   #6 
  - I think that should absolutely be the law. Bravo!  GOTV   Aug-07-07 09:02 AM   #44 
  - Genius!!! nt  IdaBriggs   Aug-07-07 11:05 AM   #90 
  - Interest rates first hit 20% during the "stagflation" era of the late 1970s and  Lydia Leftcoast   Aug-07-07 12:48 PM   #123 
  - I've heard that  TransitJohn   Aug-07-07 08:21 AM   #34 
  - I've heard it knocks your credit just like a BK. n/t  Wcross   Aug-07-07 09:36 AM   #52 
  - It's not as bad as having a bankruptcy on your record  rox63   Aug-07-07 10:44 AM   #83 
  - Thanks!  villager   Aug-07-07 02:48 PM   #143 
  - Yep, credit unions are your best bet  tbyg52   Aug-08-07 07:36 AM   #193 
  - Not my experience...  4_TN_TITANS   Aug-07-07 12:26 PM   #115 
     - There might be good debt mgmt companies and some bad....  kerry-is-my-prez   Aug-07-07 04:45 PM   #160 
  - It affects your credit til you pay them off  George Oilwellian   Aug-07-07 10:56 AM   #86 
  - It affects your rating a little, but the benefits outweigh the drop  katamaran   Aug-07-07 11:59 AM   #110 
  - We worked our butts off to pay off our cc debt...  youthere   Aug-11-07 12:28 PM   #195 
  - It's not easy, but if you can pay off your balance, do so entirely  Selatius   Aug-07-07 12:51 AM   #2 
  - Yep, live below your means. That is my mindset.  CTyankee   Aug-07-07 12:59 PM   #130 
     - If you never want to pay credit card interest, just follow this poster's advice.  Seabiscuit   Aug-11-07 12:25 PM   #194 
  - down to three  fortyfeetunder   Aug-07-07 12:52 AM   #3 
  - We paid it all off ( even the house) 3 years ago ,  rwheeler31   Aug-07-07 12:57 AM   #4 
  - All those who may feel like bragging...  regnaD kciN   Aug-07-07 01:03 AM   #7 
  - Yes, never let a good story go unpunished.  seriousstan   Aug-07-07 01:10 AM   #12 
  - Not a matter of letting anything "go unpunished"...  regnaD kciN   Aug-07-07 03:20 AM   #26 
     - I'm with you, regnaD  goodgd_yall   Aug-07-07 03:33 AM   #29 
  - No debt , and earning income, a problem?  rwheeler31   Aug-07-07 01:14 AM   #13 
  - If It Comes To That, Better if You Have Your Whole Credit Line Available  AndyTiedye   Aug-07-07 01:35 AM   #15 
  - Yep, I have to say  goodgd_yall   Aug-07-07 03:19 AM   #25 
  - Of course, there are extraordinary circumstances, but that doesn't mean you shouldn't aim  CTyankee   Aug-07-07 01:04 PM   #131 
  - nobody should ever have to make a choice like that.  rucky   Aug-07-07 11:19 PM   #189 
  - We did exactly the same thing at about the same time  ThomWV   Aug-07-07 07:43 AM   #32 
  - Yep, that's about the only finger you can stick in the dike right now..n/t  Virginia Dare   Aug-07-07 09:55 AM   #62 
  - You are missing out...  Xenotime   Aug-07-07 08:40 AM   #37 
  - Tax breaks? I've never heard of any tax breaks from having CC debt. n/t  LibInTexas   Aug-07-07 08:43 AM   #38 
  - It was a deduction up until around the mid 90's. No shit, you could deduct CC interest paid.  ThomWV   Aug-07-07 09:45 AM   #56 
  - I've paid the full balance every month for decades. Never had trouble buying a car. n/t  GOTV   Aug-07-07 09:04 AM   #46 
  - I'm guessing you're not a CPA.  Balbus   Aug-07-07 09:19 AM   #49 
  - Is that old myth still floating around? Don't believe yourself. n/t  Dora   Aug-07-07 09:50 AM   #58 
  - I never pay interest rates except on my mortgage. My credit is sterling and since  CTyankee   Aug-07-07 12:51 PM   #126 
  - You must be in a time warp: the deduction on consumer interest was phased  Lydia Leftcoast   Aug-07-07 12:51 PM   #127 
  - I will never cease to be amazed..  sendero   Aug-07-07 09:19 PM   #185 
  - I got my first credit card in college, circa 1998  NickB79   Aug-07-07 07:49 PM   #179 
  - Congratulations  qanda   Aug-07-07 10:22 AM   #73 
  - ...  rucky   Aug-07-07 11:18 PM   #188 
  - i haven't used them in a couple months. i'm fucking sick of paying out of  orleans   Aug-07-07 12:59 AM   #5 
  - I'm Paying $20,000 Off Tomorrow  ribofunk   Aug-07-07 01:04 AM   #8 
  - We use them  nadinbrzezinski   Aug-07-07 01:04 AM   #9 
  - That's the only way to go ..  Hieronymus   Aug-07-07 01:35 AM   #16 
  - Agreed  Sherman A1   Aug-07-07 02:54 AM   #21 
  - Hopefully, your card(s) won't institute special monthly charges for those with zero balance...  regnaD kciN   Aug-07-07 03:25 AM   #27 
  - Yes, I've heard of this trend  goodgd_yall   Aug-07-07 03:31 AM   #28 
  - Credit unions seem to like us, though.  Tesha   Aug-07-07 06:54 AM   #30 
  - That's a card I'll cancel. If they all to that. I'll find other ways around it, or carry $1.00 n/t  GOTV   Aug-07-07 09:06 AM   #47 
  - That's the beauty of having a good credit rating -- one can always find a better deal.  Gormy Cuss   Aug-07-07 10:46 AM   #84 
  - The card, and i mean THE card  nadinbrzezinski   Aug-07-07 11:00 AM   #88 
  - They haven't done that to me...yet  wryter2000   Aug-07-07 03:03 PM   #146 
  - But That's All Disclosed In The Agreement. It's Pretty Easy To Avoid Such Cards.  OPERATIONMINDCRIME   Aug-07-07 04:29 PM   #156 
  - We're the same nt  JerseygirlCT   Aug-07-07 09:41 AM   #54 
  - We are considered deadbeats here also...  Contrary1   Aug-07-07 10:23 AM   #74 
  - Yup. That's The Exact Way To Be.  OPERATIONMINDCRIME   Aug-07-07 04:28 PM   #155 
     - I put the kid's college tuition on it  REACTIVATED IN CT   Aug-07-07 09:12 PM   #184 
  - I've never had a credit card, and don't plan to ever get one.  Webster Green   Aug-07-07 01:06 AM   #10 
  - I gor rid of mine back in the 90's and haven't missed them one bit.  mrcheerful   Aug-07-07 01:09 AM   #11 
  - How do you buy stuff online?  GOTV   Aug-07-07 09:34 AM   #51 
     - You can use a debit card online. n/t  Wcross   Aug-07-07 09:38 AM   #53 
     - Oh I see. But there are different issues there....  GOTV   Aug-07-07 09:45 AM   #57 
        - You could set up separate accounts.  Wcross   Aug-07-07 09:55 AM   #63 
        - Pre-paid debit cards  kineneb   Aug-07-07 10:30 AM   #76 
           - Thats another good idea. n/t  Wcross   Aug-07-07 11:02 AM   #89 
           - Who offers them?  GOTV   Aug-07-07 11:16 AM   #94 
              - You can get one at Wells Fargo  missb   Aug-07-07 12:45 PM   #121 
              - chain stores, groceries  kineneb   Aug-07-07 08:29 PM   #180 
     - I don't buy "stuff" on line. If its something I need I go out to the store  mrcheerful   Aug-07-07 02:09 PM   #137 
        - I do quite a bit at Christmas time..  Virginia Dare   Aug-07-07 02:33 PM   #141 
        - I don't believe in Christmas shopping. The people I buy for, My SO and the kid  mrcheerful   Aug-07-07 03:13 PM   #147 
        - Plus if theirs some electronic device you want that stores dont have  CRF450   Aug-07-07 05:36 PM   #170 
        - nice, if you have any stores nearby  kineneb   Aug-07-07 08:33 PM   #181 
  - Pay Them In Full Each Month  AndyTiedye   Aug-07-07 01:29 AM   #14 
  - My case too.  Hardrada   Aug-07-07 01:53 AM   #20 
  - Pay every month before the deadline, even though that inspires the userers to--  eridani   Aug-07-07 01:36 AM   #17 
  - be careful. if you need to, file for bankruptcy. if you are deep in debt, you  SoCalDem   Aug-07-07 01:43 AM   #18 
  - I just filed a Chapter 13 a few months ago.  RebelOne   Aug-07-07 08:32 AM   #35 
  - I have to agree with some of the others on here...  adsosletter   Aug-07-07 01:44 AM   #19 
  - oh...i am ALL OVER that idea!  Blue_Tires   Aug-07-07 03:08 AM   #22 
  - Levin and McCaskill legislation Stop the Unfair Credit Card Practices Act  goodgd_yall   Aug-07-07 03:10 AM   #23 
  - If and when you do get rid of the debt  goodgd_yall   Aug-07-07 03:14 AM   #24 
  - My dad raised me saying, if you can't afford it, you don't need it!  B Calm   Aug-07-07 07:01 AM   #31 
  - mine did too- and he lived it, but  Bluerthanblue   Aug-07-07 10:22 AM   #72 
  - Yes, I was debt-free for a while, and then I needed emergency car repairs  Lydia Leftcoast   Aug-07-07 12:56 PM   #129 
  - It's nice to be above the poverty line, innit? -nt  Commie Pinko Dirtbag   Aug-07-07 10:42 AM   #81 
  - so if you can't afford shoes for your kid,  Bill McBlueState   Aug-07-07 11:37 AM   #105 
     - If you can't afford 12 bucks for shoes....  Wcross   Aug-07-07 12:52 PM   #128 
     - yep  Bill McBlueState   Aug-07-07 09:10 PM   #183 
     - If you can't afford a pair of damn shoes and have to charge them  B Calm   Aug-07-07 03:26 PM   #150 
        - nobody said anything about charging shoes on a credit card  Bill McBlueState   Aug-07-07 09:08 PM   #182 
  - College loans are worse  OzarkDem   Aug-07-07 07:45 AM   #33 
  - What a timely post. We just paid off all the cards this morning, and now have 0 credit card debt.  LibInTexas   Aug-07-07 08:34 AM   #36 
  - What "usurpy" rates?  Squatch   Aug-07-07 08:46 AM   #39 
  - Same here and since inflation...  roamer65   Aug-07-07 09:51 AM   #59 
  - I hope it stays that way for you.  Blue_In_AK   Aug-07-07 04:29 PM   #157 
  - I never run a balance. They don't make a penny off me. n/t.  jazzjunkysue   Aug-07-07 08:47 AM   #40 
  - Alas, no credit cards means no credit rating  TechBear_Seattle   Aug-07-07 08:49 AM   #41 
  - I think the idea is to get to a position where you have some credit cards, use them sparingly, and  LibInTexas   Aug-07-07 09:02 AM   #45 
  - Having credit, and not using it, lowers your credit score  TechBear_Seattle   Aug-07-07 09:09 AM   #48 
     - I run in that sweet spot and it repaired my credit real fast.  roamer65   Aug-07-07 09:32 AM   #50 
     - Not using the credit doesn't automatically lower the score.  Gormy Cuss   Aug-07-07 11:10 AM   #93 
  - Not necessarily.  Wcross   Aug-07-07 09:42 AM   #55 
  - That's simply not true. I've bought 3 houses and several cars over the past 30  scarletwoman   Aug-07-07 05:32 PM   #168 
  - Apparently very few understood your OP  Artiechoke   Aug-07-07 08:56 AM   #42 
  - Indeed  goodgd_yall   Aug-07-07 09:58 AM   #65 
  - No one should feel like a "schmuck"...  Contrary1   Aug-07-07 10:40 AM   #80 
     - Most people I know who are in CC trouble are not schmucks but neither did suffer some emergency  GOTV   Aug-07-07 11:25 AM   #97 
        - The point is  goodgd_yall   Aug-07-07 12:22 PM   #113 
  - Yeah... there's always a high level of SMUG on these CC/debt threads n/t  kgfnally   Aug-07-07 10:09 AM   #67 
  - I think it's viewed a little like smoking  GOTV   Aug-07-07 11:41 AM   #106 
  - Somebody misunderstood.  Wcross   Aug-07-07 10:42 AM   #82 
     - Smugness is not what the subject was addressing.  Artiechoke   Aug-07-07 11:26 AM   #98 
        - The OP is NOT refusing to pay off debt.  Wcross   Aug-07-07 11:34 AM   #102 
           - I'm not refusing to pay off the debt.  HawkeyeX   Aug-07-07 04:22 PM   #151 
              - I was just disputing what Artiechoke posted.  Wcross   Aug-07-07 05:35 PM   #169 
  - I said it decades ago and I've paid off my balance every month since....  GOTV   Aug-07-07 09:01 AM   #43 
  - Me too, the only debt I carry is a mortgage, and even that's about to change..  Virginia Dare   Aug-07-07 09:52 AM   #60 
     - I don't know what to do about the mortgage but rest is gone  GOTV   Aug-07-07 11:50 AM   #108 
        - It also helps to develop a budget and put down everything you buy.  CTyankee   Aug-07-07 01:21 PM   #133 
  - Our consumer debt will eventually destroy us..  Virginia Dare   Aug-07-07 09:53 AM   #61 
  - Got rid of my credit cards  supernova   Aug-07-07 09:57 AM   #64 
  - I occasionally DO take their credit card but only if I get something in return.  CTyankee   Aug-07-07 01:37 PM   #134 
     - I bought my big screen TV that way- 0% for a year.  Wcross   Aug-07-07 05:42 PM   #171 
        - Hey, I did the same thing with our new TV!  CTyankee   Aug-07-07 06:46 PM   #177 
  - I've been upset for some time with the near carte blanche  Cleita   Aug-07-07 10:00 AM   #66 
  - There is legislation in the works  goodgd_yall   Aug-07-07 10:13 AM   #68 
     - Thank God! It's about time.  Cleita   Aug-07-07 11:21 AM   #95 
        - I have a card that offers a credit limit that is $5000 less than what I make in a year.  CrispyQGirl   Aug-07-07 03:24 PM   #149 
           - Credit card companies love to offer credit limits beyond reasonable  goodgd_yall   Aug-07-07 04:55 PM   #161 
  - I am credit card free after many years of hard work  WakeMeUp   Aug-07-07 10:15 AM   #69 
  - I'm saying fuck it to ever using credit cards again  Scriptor Ignotus   Aug-07-07 10:17 AM   #70 
  - Vote Biden!!  ToeBot   Aug-07-07 10:20 AM   #71 
  - Ch. 7: no more credit cards, ever.  kineneb   Aug-07-07 10:28 AM   #75 
  - No one has mentioned Dave Ramsey yet?  brystheguy   Aug-07-07 10:35 AM   #77 
  - I listen to his show when I can.  Wcross   Aug-07-07 10:59 AM   #87 
  - Clark Howard is good to  supernova   Aug-07-07 11:37 AM   #104 
  - He's got a podcast on iTunes too  Lorien   Aug-07-07 12:48 PM   #124 
  - I am working to become debt free.  Wcross   Aug-07-07 10:36 AM   #78 
  - What's in your wallet?  cat_girl25   Aug-07-07 10:39 AM   #79 
  - What about the "universal default rate"  Wcross   Aug-07-07 10:49 AM   #85 
  - To jog your memory re Capital One ...  Tracer   Aug-07-07 02:00 PM   #136 
  - At 22, I only have one credit card, and ...  Akoto   Aug-07-07 11:05 AM   #91 
  - We've been debit only for about two years now.  smoogatz   Aug-07-07 11:10 AM   #92 
  - Some of you talk as though  OwnedByFerrets   Aug-07-07 11:22 AM   #96 
  - Thank you for addressing the OP.  Artiechoke   Aug-07-07 11:28 AM   #99 
  - Funny thing about credit counseling - I *want* to get in it  HawkeyeX   Aug-07-07 04:24 PM   #152 
  - I am sure there are plenty of people in your situation.  Wcross   Aug-07-07 11:31 AM   #100 
  - Do you have a good idea of how much you are spending and on what?  CTyankee   Aug-07-07 01:52 PM   #135 
  - I lucked out (sort of) by messing up my credit early  dmesg   Aug-07-07 11:33 AM   #101 
  - Build Up Your Credit Rating?! BALONEY!!!  Yavin4   Aug-07-07 11:35 AM   #103 
  - Best post !  spooked   Aug-07-07 12:17 PM   #112 
  - We've sold our souls to the banking and mortgage industries..  Virginia Dare   Aug-07-07 12:32 PM   #118 
  - Only if your over 50 is it scary. Most of those under 50 always believe that it won't happen to them  mrcheerful   Aug-07-07 02:21 PM   #138 
  - Good for bad government  goodgd_yall   Aug-07-07 12:36 PM   #119 
  - Then, We Wonder Why People Don't Protest  Yavin4   Aug-07-07 01:05 PM   #132 
  - Amen n/t  Lorien   Aug-07-07 12:51 PM   #125 
  - true that!  Duppers   Aug-07-07 03:18 PM   #148 
  - I cringe when I hear people say the "payed off" debt w/heloc.  Wcross   Aug-07-07 11:43 AM   #107 
  - It's usually a lower interest rate and tax deductable  GOTV   Aug-07-07 11:54 AM   #109 
  - Yes!  supernova   Aug-07-07 12:04 PM   #111 
  - Yep that also bugs me.. and MANY people just run up new charges  SoCalDem   Aug-07-07 02:24 PM   #140 
  - And, They Put Their Home In Jeopardy  Yavin4   Aug-07-07 11:14 PM   #187 
  - Me! Me!  ceile   Aug-07-07 12:22 PM   #114 
  - Just paid off my car, consolidated the three cards into one, and am now paying about 400 a month  LittleClarkie   Aug-07-07 12:29 PM   #116 
  - I have to have a credit card for business...  XOKCowboy   Aug-07-07 12:30 PM   #117 
  - Cancelling credit cards---snail mail is best  goodgd_yall   Aug-07-07 12:41 PM   #120 
  - I'm a lender with Prosper.com  trekbiker   Aug-07-07 12:46 PM   #122 
  - 39 Years old here...  Banned_Wagon   Aug-07-07 02:39 PM   #142 
  - Have you ever tried to book a hotel room or an airline ticket, or reserve a rental car with cash?  NNN0LHI   Aug-07-07 04:59 PM   #162 
     - I believe you can do it with a debit card  B Calm   Aug-07-07 05:18 PM   #164 
     - That hasn't been quite nailed down according to this  NNN0LHI   Aug-07-07 06:02 PM   #176 
     - Debit card or Prepaid Mastercard  Banned_Wagon   Aug-07-07 05:19 PM   #165 
  - I'm looking into it.  HawkeyeX   Aug-07-07 04:32 PM   #158 
     - Yes, Prosper bills monthly  trekbiker   Aug-07-07 06:54 PM   #178 
  - I just did. Last one paid in full. :) Its heavenly. I wish it for everyone else too.  roguevalley   Aug-07-07 02:23 PM   #139 
  - Pretty much already there  wryter2000   Aug-07-07 02:54 PM   #144 
  - Tear up all credit cards  malaise   Aug-07-07 02:54 PM   #145 
  - They Don't Bother Me At All. I Only Charge What I Can AFFORD And Pay It Off Each Month.  OPERATIONMINDCRIME   Aug-07-07 04:25 PM   #153 
  - My husband just cancelled his Chase MasterCard  Blue_In_AK   Aug-07-07 04:26 PM   #154 
  - Great!  KAT119   Aug-07-07 04:41 PM   #159 
  - Worked w/a guy who stopped paying most of them off - said it would be off his credit report in 7 yrs  kerry-is-my-prez   Aug-07-07 05:02 PM   #163 
  - I have two debts I'm paying off so far  CRF450   Aug-07-07 05:20 PM   #166 
  - I don't have to say "bye" because I never said "hello".  scarletwoman   Aug-07-07 05:26 PM   #167 
  - Someone at yahoo must have read your post.  lonestarnot   Aug-07-07 05:44 PM   #172 
  - 0% for life? Where do you hook that up?  Kazak   Aug-07-07 05:47 PM   #173 
  - I don't have any credit cards  tammywammy   Aug-07-07 05:54 PM   #174 
  - Why don't we teach basic finance in high school?  Wcross   Aug-07-07 06:01 PM   #175 
  - I got off the credit card merry go round many years ago by  REACTIVATED IN CT   Aug-07-07 09:39 PM   #186 
  - hELL Yeah! I'm ripping up my next credit card bill!  rucky   Aug-07-07 11:23 PM   #190 
  - It's sad....  sofa king   Aug-07-07 11:43 PM   #191 
  - I've had no credit card debt for about ten years. It's a pain  sfexpat2000   Aug-07-07 11:47 PM   #192 
  - another kick  Blue_Tires   Aug-11-07 12:31 PM   #196 
 

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