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Joined: Aug 2005
Posts: 10,414
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2005
Posts: 10,414 |
My wallet and credit cards were stolen a year ago. The criminals who got hold of them have used my credit cards but they are much more frugal than my wife so I haven't reported it! I love it!!! Thanks for the out-loud laugh this morning!  Penny
Now faith is the assurance of things hoped for, the conviction of things not seen. --Hebrews 11:1
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Joined: Oct 2004
Posts: 50,169 Likes: 1
Campfire Kahuna
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Campfire Kahuna
Joined: Oct 2004
Posts: 50,169 Likes: 1 |
Well, I have credit card dept. The house is paid for, but is not livable because of Hurricane Ike. I also have money, but I can't pay off the cards until I pay for the house, and have no idea what it will cost. I don't want to have to refinance the house.
The only thing worse than a liberal is a liberal that thinks they're a conservative.
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Joined: Feb 2001
Posts: 73,096
Campfire Kahuna
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Campfire Kahuna
Joined: Feb 2001
Posts: 73,096 |
Those who carry no balances your up next. After the interest rates go up next will be an annual fee (some already have started this) for people who don't carry a balance..... At that point they can have it back.
George Orwell was a Prophet, not a novelist. Read 1984 and then look around you!
Old cat turd!
"Some men just need killing." ~ Clay Allison.
I am too old to fight but I can still pull a trigger. ~ Me
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Joined: Jul 2004
Posts: 13,250
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2004
Posts: 13,250 |
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Joined: Feb 2004
Posts: 46,745
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2004
Posts: 46,745 |
I got rid of mine 10 years ago and I dont regret it for a second.
The best way to deal with cards is not only to cut them up, but call the CC company and cancel the card. All charges will stop accumulating. If you just cut the card up and pay on it, the interest will keep accruing.
Most won't do a thing until your card is paid off. You still acrue intrest and charges even if you're not using the card.
Camp is where you make it.
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Joined: Feb 2004
Posts: 5,677
Campfire Tracker
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Campfire Tracker
Joined: Feb 2004
Posts: 5,677 |
Well you can't cure stupid......they get what they want. Yep. I use my CC on a day-to-day basis because I like the Cabela's points and I only have to write one check at the end of the month. I haven't carried a balance in years and don't plan to start. George Same here George. I put EVERYTHING on my Cabela's card and pay it off when the bill comes in. Love the points. Jim
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Joined: Jul 2006
Posts: 62,043
Campfire Kahuna
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Campfire Kahuna
Joined: Jul 2006
Posts: 62,043 |
What's ironic is that the credit bureaus via the cc companies have a hard time with folks who pay off each month on interest bearing accounts.
Damned if you do, damned if you don't!
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward
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Joined: Jul 2004
Posts: 13,250
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2004
Posts: 13,250 |
Debit cards were useless due to the widespread power/communications outages during the first three - four days right after the the severe ice storm that hit Kentucky in late January. The stores and gas stations that would accept credit cards were few and far between.
With so many using direct deposit and debit cards nowadays, sure made it tough on a lot of folks. A person could have had a million dollars in their bank account but couldn't use a debit card to access any of it.
Good old U.S. green backs trumped all forms of plastic.
All of my assets are tied up in cash.  Dorothy told me once that somebody was going to knock me in the head and take my money. I asked her if I looked as if I had $2,000 in my pocket. She looked me over and said, "You don't look like you have two dimes to rub together". Appearances can be deceiving.
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Joined: Feb 2002
Posts: 18,667 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Feb 2002
Posts: 18,667 Likes: 1 |
I'll tell what's gonna happen. Run 'em up and just let Obama bail 'em out...
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Joined: Apr 2006
Posts: 5,687
Campfire Tracker
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Campfire Tracker
Joined: Apr 2006
Posts: 5,687 |
I'm going to take the other side of this trade.
I do believe it is incredibly irresponsible to carry a high CC balance long term. On this we agree. But I also think that it is immoral and unethical to change the terms of a loan after the deal has been struck. And this is what large % changes amount to.
I know that the laws regulating CCs are changing. And I, for one, think it is way past long enough on this count. It might be legal, but that don't make it right.
For the record I paid off my credit card last year. Smartest thing I have done in a while.
Will
Smellin' a lot of 'if' coming off this plan.
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Joined: Feb 2004
Posts: 46,745
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2004
Posts: 46,745 |
All of my assets are tied up in cash. Dorothy told me once that somebody was going to knock me in the head and take my money. I asked her if I looked as if I had $2,000 in my pocket. She looked me over and said, "You don't look like you have two dimes to rub together". Appearances can be deceiving. Thats funny. Go to a old car auction. There will be a bunch of guys there wearing sweat pant, cut off t-shirts, ratty shoes, with grease all over them. You wouldn't think they'd have $5 between the lot. But you could almost gaurantee that they'll be carying the cash they need to buy those cars.
Camp is where you make it.
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Joined: Apr 2004
Posts: 3,878
Campfire Tracker
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Campfire Tracker
Joined: Apr 2004
Posts: 3,878 |
Right, its not their fault. Just like it was the evil mortgage company that forced them to buy to expensive of a house.
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Joined: Feb 2006
Posts: 8,639
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Feb 2006
Posts: 8,639 |
sse - We'll be paying off her small balance and I've already started looking for another one for her with a better rate that she'll only use in a pinch... What pizzed me off was the fact that ALL the CC companies were bombarding people with low interest rate offers only 6 months ago!!
Speak softly and use a big bore...
Where's El Cid when we need him...
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Joined: Feb 2002
Posts: 18,667 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Feb 2002
Posts: 18,667 Likes: 1 |
What a difference 6 months makes...
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Joined: Jan 2001
Posts: 59,175 Likes: 3
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2001
Posts: 59,175 Likes: 3 |
Appearances can be deceiving. For sure.. My family once had a customer who looked like a bum, drove an old, beat-up Cadillac and people would think he was kinda down and out.. But he kept $2-3,000.00 on him at all times; 5s and 10s in one pocket, 20s in another pocket and the 50s and 100s in the back two pockets.. Paid cash for everything..
Ex- USN (SS) '66-'69
Pro-Constitution.
LET'S GO BRANDON!!!
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Joined: Jan 2001
Posts: 59,175 Likes: 3
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2001
Posts: 59,175 Likes: 3 |
My mom just got a notice today from Capital One stating as of next March her 7 1/2% fixed rate card will be changing to a variable rate card that will be based on the prime rate + 14.65 percent! I just called mine and they lowered my rate from 5.9% to 4.9% for the next 12 months.. Wells Fargo has always treated me well...
Ex- USN (SS) '66-'69
Pro-Constitution.
LET'S GO BRANDON!!!
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Joined: Nov 2007
Posts: 19,722
Campfire Ranger
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Campfire Ranger
Joined: Nov 2007
Posts: 19,722 |
They're starting already guys - My mom just got a notice today from Capital One stating as of next March her 7 1/2% fixed rate card will be changing to a variable rate card that will be based on the prime rate + 14.65 percent!  I guess they didn't get enough from Obammy's pig out, pork out, bail out bill! You know I use my Capital One card for the Airline miles. I could care less if they change their rate to 30% because I pay my card off every month. If they start to charge you interest on you average for each month I'll be gone. In over 30 years of credit card use I have never had a month I didn't pay off the complete balance of the card. Spend like you should and you'll never have a problem. Just remember you're not the government and you can't tax someone else to get the money.
NRA Lifetime Member
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Joined: Aug 2005
Posts: 28,262 Likes: 6
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,262 Likes: 6 |
Those who carry no balances your up next. After the interest rates go up next will be an annual fee (some already have started this) for people who don't carry a balance..... Fortunately I don't owe anybody anthing. As the Good Book says, "the borrower is slave to the lender". Use a debit card, or better yet, cash.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Aug 2005
Posts: 10,414
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2005
Posts: 10,414 |
Smartest thing I have done in a while.
Will Seems like smart thinking is something all you Campfire guys share. Good for all of you!!! ![[Linked Image]](https://www.24hourcampfire.com/ubbthreads/images/icons/default/thumbs_up.gif) Penny
Now faith is the assurance of things hoped for, the conviction of things not seen. --Hebrews 11:1
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Joined: Nov 2005
Posts: 7,509
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2005
Posts: 7,509 |
the last figures i saw (about 4 months ago) said the AVERAGE AMERICAN had a credit card balance of around $9,000.00.
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