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03-14-2011, 11:31 AM | #1 | |
In Search of a Life
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03-14-2011, 11:51 AM | #2 | |
Scarlett Johansson's boytoy
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My credit score today is around 800-820. I totally get the credit card debt trap...in fact I fell into it hard myself years ago and have paid off over 30k in credit card debt. But that doesn't make credit cards evil....any more than a gun is evil. Both are a tool.....how you use it is on you. |
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03-14-2011, 11:59 AM | #3 | |
In Search of a Life
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Wife & I have a few cards between us. I've been bad about them for awhile and just recently decided it was time to put a stop to it - I've got her card paid down almost to $0 and then going to start on mine. Going to start using them monthly for a few things and then pay them off each month. But it'll be nice to have something to fall back on when the inevitable emergency happens and we need $4000 right now. |
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03-14-2011, 01:06 PM | #4 | |
Quit your bullshit
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I don't begrudge people a credit card. I would advise anyone to become debt free. From there, once all finances are completely under control, go ahead and use credit cards for the points or whatever. Just pay them off every month. People who bag on Dave Ramsey are missing the point. Donald Trump isn't calling his show. He's getting calls from people who have lost control of their financial lives, generally for no reason other than being sloppy. Not everyone needs to go on P90X, and not everyone needs to go full-blown Dave Ramsey. That doesn't mean that they aren't effective plans.
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Today is not a good day to be a pussy. |
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03-14-2011, 01:12 PM | #5 | |
In Search of a Life
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Exactly. I want to get ourselves as debt free as I can. I know that all of our issue is because I tend to be the "Ohhhhh, I want to buy that" type of person. I've gotten better at that issue, and now I'm working on getting the debt we have (which isn't much) eliminated. |
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03-14-2011, 01:21 PM | #6 | |
Quit your bullshit
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Today is not a good day to be a pussy. |
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03-14-2011, 01:56 PM | #7 | |
In Search of a Life
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03-14-2011, 01:01 PM | #8 | |
Quit your bullshit
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************************** # Approximately 74.9 percent of the U.S. families surveyed in 2004 had credit cards, and 58 percent of those families carried a balance. In 2001, 76.2 percent of families had credit cards, and 55 percent of those families carried a balance. (Source: Federal Reserve Bulletin, February 2006) # About a quarter have no credit cards, and an additional 30 percent or so pay off their balances every month. (Source: Federal Reserve Board survey of consumer finances, 2004) Average credit card debt per household with credit card debt: $14,750 Average APR on credit card with a balance on it: 13.67 percent, as of November 2010 (Source: Federal Reserve's G.19 report on consumer credit, November 2010) Read more: http://www.creditcards.com/credit-ca...#ixzz1GbNcy6K4 Compare credit cards here - CreditCards.com Read more: http://www.creditcards.com/credit-ca...#ixzz1GbN3nFF9 ************************** So only 30% of the population has credit cards without a balance, and the average debt is pushing $15,000. Given the average rate charged, the average household pays over $2,000 in interest per year or about 5% of their gross income.
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Today is not a good day to be a pussy. Last edited by Saul Good; 03-14-2011 at 01:07 PM.. |
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03-14-2011, 03:24 PM | #9 |
Molôn Labé
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