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09-14-2008, 01:57 PM #1
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Delaring war on my credit card challenge!
I have had it with my credit card. I am officially declaring war on it and I am going to start selling stuff around the house that I don't need and putting the money directly on the card.
I thought I would hold myself accountable by putting it here in black and white. I had been fiddleing around with this card for years.
It just keeps going up and up. I pay $100 a month and am charged $70 in interest a month. What is wrong with this picture.
I am mad as H*ll and I'm not going to take it anymore.
Anyone want to join me in declaring war.
Do you think I should transfer my card to a 0 interest card?
Thanks for your support,
- 09-14-2008, 04:53 PM #2
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Good for you!! I feel the same way, and I'm chunking every extra dollar toward getting my cards paid off. I am one to two payments from paying one of them off, so I cut it up AND ran it through the shredder, just to keep myself from being tempted. As soon as I make the last payment, I'll be calling to close the account.
A few years ago, I started telling people just to give me cash for birthdays and holidays. (They are family and never put much thought into the actual presents, anyway.) I always apply that money to either cc bills or my mortgage.
If you can find a low or zero interest cc, I would transfer the balances and then IMMEDIATELY call and cancel your accounts with the former card accounts. Otherwise, you just end up with three cards.09-14-2008, 05:39 PM #3
Good luck!! I still have two other bills i have to payoff before i can focus on my credit card. The credit card companys have turned into sneaky little devils!!!09-14-2008, 05:55 PM #4
It just keeps going up and up. I pay $100 a month and am charged $70 in interest a month.Do you think I should transfer my card to a 0 interest card?
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Unless you first get your spending habits under control and change how you manage money, getting a new credit card won't help a thing.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, two oneno car loans, oneno credit cards, and a partridge in pear tree!09-14-2008, 07:12 PM #5
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Glad you're gonna give that CC the ol' heave-ho!!!
Also, I'd shred the CC you have now. When it's paid off call the company and close it. Better safe, than sorry!
You can do it!!!!Kace - married to Dh for 16 years
Always pinchin' pennies!
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