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Thread: Credit Card Mistakes--Info
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10-22-2009, 08:43 AM #1Registered User
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Credit Card Mistakes--Info
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10-22-2009, 09:34 AM #2Rude and Vile Master
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Summary
Grade yours on a 10-point scale.
Paying Late - 6
Paying Only the Minimum on Your Card - 4
Buying On a Card Just For Rewards - 1
Missing a Payment - 9
Having Too Many Cards - 6
Maxing Out a Card - 7
Playing the Balance Transfer Game - 5
Debt Settlement Plans - 9.5
Getting a Cash Advance? - 8
Using a Card in a Pinch - 2
They forgot one
HAVING THEM - 11!
Still - good info, thanks for sharing!If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
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10-22-2009, 11:44 AM #3Registered User
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Number 4 applies to me some time when i think i might need more money before the next month.And have done number 2 use a card in a pinch. But the rest dont apply to me now i only have one card and dont carry it with me.
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10-22-2009, 04:33 PM #4Registered User
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If I add up all the points from the ones I have done in the last 3-5 years, I come up with 7.
Originally Posted by Greebo
5 from a balance transfer (but it will allow us to pay off 90% of the debt in a year)
2 have used the card a few times, not really in a pinch, but for an online order or two where the dispute process is more assured. Nothing emergency though - by pre-buying our propane for the entire year we saved roughly 50%, paid it off in two swipes @ 11.9%, first month was half the payment so interest "stupid tax" was minimized... and when I wanted to buy my wife a 10th anniversary present, it was an unplanned outing, I saw what I wanted, it was a Sunday of a weekend sale, my envelope was at home, and she was wandering elsewhere...like Mission Impossible, I had a very short amount of time to do my thang before she would find out...it was paid off so it doesn't really count.
Anyway, 7 total...I'm ok with that.
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10-23-2009, 01:06 AM #5Registered User
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Originally Posted by Greebo
But having them and using them RESPONSIBLY = +12!
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10-23-2009, 01:07 AM #6Registered User
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Good info...and quite the complete list.
Thanks for posting it.
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