Credit Cards.

[4g64GST]

be carefull with household they will try some tricky things. there is a web site that is all about them. I have about 1500 left in credit cards from a balance of 16,000 about 2 yrs ago.

I said the same thing " I know what I am doing"

 

[DevilSperm]

didnt read this thread but to the poster, cut it up, now! u dont need it and it will only get you in trouble...trust me and take my advice

 

[Zeppelin]

didnt read this thread but to the poster, cut it up, now! u dont need it and it will only get you in trouble...trust me and take my advice

I agree with you there! I got a Sears card when I was 19 to establish my credit. When I was 21, I signed up for a Discover card. They sent me a card with a $10,000 balance. I bought a car, and the transmission went out on it. $4,000 went on the card Needless to say, I'm still in that hole 3 years later.

Good news is, I made my final payment on my Sears card last week! It was a great feeling to cut up the card!

1 down, 1 to go....

 

[EclpzLvr97]

If you lack disipline....sure cut it up....otherwise, it can actually be helpful to you in the future when you try to do something major like...oh.....buy a house.

 

[DevilSperm]

i bought a house no problem without any cards

 

[EclpzLvr97]

FINE DEVILSPERM!

Get a card, don't get a card.... I still say though that they can be good as long as you have financial displine and know how to use them and while yes, you can build credit other ways, this obviously is a great way also.

 

[DevilSperm]

FINE DEVILSPERM!

Get a card, don't get a card.... I still say though that they can be good as long as you have financial displine and know how to use them and while yes, you can build credit other ways, this obviously is a great way also.

i was just saying but yeah they can be good but if you get yourself into a hole its REAL hard to get back out....and most people dont have financial discipline, its just way to damn fun to buy shit

 

[Catbox_95]

Alright, I'm going to be the old fart and jump in here...

I got outta control with the credit cards. I racked up about $50,000 in credit card debt, and then a year and a half ago I lent my father, who was in trouble financially, $52,000 which I paid with credit card checks, because he said he'd be able to pay me back in 3 weeks. That brought my credit card debt to $102,000, and a year and a half later he still hasn't paid me anything.

In that year and a half I've done pretty well for myself and have managed to reduce it to the current balance of $67,000. That's $35,000 I've spent on NOTHING! Imagine what I could have done with that to the DSM!!!

This is all true. I know it may seem unbelievable, but it's the honest-to-God truth, and my life now revolves around paying off $100,000 to credit cards. By the way, I still have perfect credit!

 

[DevilSperm]

Alright, I'm going to be the old fart and jump in here...

I got outta control with the credit cards. I racked up about $50,000 in credit card debt, and then a year and a half ago I lent my father, who was in trouble financially, $52,000 which I paid with credit card checks, because he said he'd be able to pay me back in 3 weeks. That brought my credit card debt to $102,000, and a year and a half later he still hasn't paid me anything.

In that year and a half I've done pretty well for myself and have managed to reduce it to the current balance of $67,000. That's $35,000 I've spent on NOTHING! Imagine what I could have done with that to the DSM!!!

This is all true. I know it may seem unbelievable, but it's the honest-to-God truth, and my life now revolves around paying off $100,000 to credit cards. By the way, I still have perfect credit!

oh my God! i thought my 8 grand was bad but damn dude! i played hell getting mine paid off cuz i didnt have a job...my story is kind of the same, put my bands studio time on my card and then we broke up 4 months later and no one wanted to pay..but 102,000 i probably would have axed myself and made the wife pay

 

[Catbox_95]

Yeah, speaking of the wife - She came into this marriage with $0 debt! As you might guess, it's actually been the only tension in our marriage! Well, the second topic of tension...