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Posted on 10/20/15 at 10:01 am to TigerDeBaiter
quote:
Why were you canceling if you already paid the yearly fee?
Amex will refund AF's at a prorated rate
ETA: I pay off the Amex and whatever VISA/MC alternate card I'm using that month. Amex closed out this AM. Those two weddings this month really hurt
This post was edited on 10/20/15 at 10:03 am
Posted on 10/20/15 at 10:22 am to VABuckeye
There was a time when we had at least that much CC debt and this past summer we paid all off to the tune of 10+k. We will still use them but balances are paid each billing and are typically used for on line purchases. I prefer to use cash in all transactions.
Posted on 10/20/15 at 10:30 am to TigerDeBaiter
Posted on 10/20/15 at 10:58 am to VABuckeye
quote:
Yeah, those people in the $30k hole aren't likely to respond.
Right
I would dread that but it's reality for a lot of people
I've been as high as around 14K before, down to 3K now all on a 0 interest card. I need to pay it off before February to avoid interest
Posted on 10/20/15 at 10:59 am to TigerTatorTots
quote:
Why are you in CC debt is the better question. You should never spend more than you can pay off that month unless an extreme emergency
Not if it is 0% interest or even 2% interest. That is free money my friend
Posted on 10/20/15 at 10:59 am to John88
Had gotten up to $6k this summer but paid it off and just charged $600 this weekend.
Posted on 10/20/15 at 11:06 am to John88
Zero
Posted on 10/20/15 at 11:17 am to John88
I have around $7,000 left I inherited when I got married. It as about $20,000 then. Other than house debt I have no other debt as I own all my vehicles.
Money Talk is not a good representation of society in general.
Money Talk is not a good representation of society in general.
Posted on 10/20/15 at 2:21 pm to anc
quote:
Five years ago: $33,567.31 on about 9 different cards.
Posted on 10/20/15 at 2:26 pm to BACONisMEATcandy
If we're being technical, I was at $16,000 a week or so ago.
Probably around $8,000 today.
But I'm playing some games right now.
As always, pay 0%.
Probably around $8,000 today.
But I'm playing some games right now.
As always, pay 0%.
Posted on 10/20/15 at 2:30 pm to John88
Debt as in carried over each month? I charge plenty to credit cards but every card is paid in full at the end of each month so I don't consider it "debt" in the conventional sense.
Posted on 10/20/15 at 2:42 pm to Cdawg
quote:
Five years ago: $33,567.31 on about 9 different cards.
Yep. Not my proudest moment. No real excuse either. We simply bought what we wanted when we wanted it.
I remember going out for lunch one Sunday afternoon and buying a $2000 computer and an Acura TL to put it in. Had no intentions of buying either that day. Sometimes I look at where we are now and get sick at how the first few years of adulthood were.
Posted on 10/20/15 at 2:43 pm to John88
$0
Posted on 10/20/15 at 2:45 pm to anc
quote:
Yep. Not my proudest moment. No real excuse either. We simply bought what we wanted when we wanted it.
I remember going out for lunch one Sunday afternoon and buying a $2000 computer and an Acura TL to put it in. Had no intentions of buying either that day. Sometimes I look at where we are now and get sick at how the first few years of adulthood were.
Pretty wild.
But understandable. It feels good to buy stuff, have new things etc. Makes the brain go crazy.
Posted on 10/20/15 at 2:57 pm to Teddy Ruxpin
ZERO-
but only after a couple of rounds of aggressive savings and payoffs a couple years back. We just aren't people who do a good job managing credit cards, so we don't use them.
but only after a couple of rounds of aggressive savings and payoffs a couple years back. We just aren't people who do a good job managing credit cards, so we don't use them.
Posted on 10/20/15 at 10:25 pm to foshizzle
quote:I wouldn't really classify that into this conversation. 0% intro rate is obviously smart money management if you have full intentions on paying off when that intro rate is over. My comment was more along the lines of 99% of the other circumstances of people carrying CC debt
Not true if the interest rate is zero.
Posted on 10/20/15 at 11:28 pm to VABuckeye
Inherited somewhere around $32k from my wife - debt she had rung up in college as the result of several poor financial decisions. We've whittled it down to around $13k over the course of about 7 months after transferring the balances to a couple of 0% cards - hope to have it completely knocked out in a few more.
Posted on 10/21/15 at 8:04 am to TigerTatorTots
quote:
if you have full intentions on paying off
Most people do have those intentions. The probably is that most people also don't pay the balance off before interest kicks in. That's why they call it a teaser rate.
Posted on 10/21/15 at 8:40 am to VABuckeye
About to take out $10k for 18 months on a credit card. 2% up front and 0% interest if paid in full by 18 months. Using it to hit 20% down on a second home.
It is cheaper going that route than going through any type of rate I could get through the bank. Not all carried credit card debt is bad. If I find my situation that I can't pay the balance in full by its term, I'll just pull an unsecured LOC from my bank until I can or transfer to another interest free card.
It is cheaper going that route than going through any type of rate I could get through the bank. Not all carried credit card debt is bad. If I find my situation that I can't pay the balance in full by its term, I'll just pull an unsecured LOC from my bank until I can or transfer to another interest free card.
This post was edited on 10/21/15 at 8:44 am
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