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Posted: Sun Sep 09, 2007 10:23 pm Subject: stay out of credit card debt!

Okay, I don't have a credit card but I probably will soon. One thing I've realized is that a lot of people around me are in debt!! I really really don't want to end up this way! Debt is probably one of the main reasons why a lot of people are always searching for ways to make some extra money...... like, online for example! So... I want ask all of you experienced experts of money..... how could I make sure that I do not end up joing the credit card debt club!?

Posted: Mon Sep 10, 2007 3:21 am Subject:

First of all, if you can pay cash for what you "want" and "need" do it, or safe up for the money then by it. Also, pay the bill in full each month. You need to respect this card and it will respect you. Getting into debt is very easy and does not require someone smart, but getting out of debt is a whole new story.

all the best,
Luke

Posted: Mon Sep 10, 2007 4:45 am Subject:

I know now that you should never carry a balance. It snowballs and you find a way to justify it. Never charge anything you can't pay for in full at the end of the month.

Posted: Sun Sep 16, 2007 5:55 am Subject:

thanks for your suggestions.

Posted: Mon Sep 17, 2007 6:20 pm Subject:

If i knew what problems credit cards bring 5 years ago, I would have kept one card only. For emergencies.

Posted: Mon Sep 17, 2007 6:25 pm Subject: credit card

Ok...just want to add my ' 2cents'. I have two credit cards. Both have a credit limit of $300.00 each. Which, for me, is good. I can 'control' the spending that way, on each card. Works for me!~!

Posted: Mon Sep 17, 2007 6:47 pm Subject:

I have this stupid Chase credit card for $200. PIF Smile

Posted: Tue Sep 18, 2007 5:33 am Subject:

I currently have ten cards for a grand total of $150.2K in credit limit. I use them for everyday purchases and pay in full monthly.

Posted: Tue Sep 18, 2007 6:39 am Subject:

Lol nice. You score is probably trough the roof Smile

Posted: Tue Sep 18, 2007 8:29 am Subject:

They are in my siggy but ave is 780.

Posted: Tue Sep 18, 2007 6:12 pm Subject:

One day....

Posted: Tue Sep 18, 2007 6:45 pm Subject: debt

Yep..my score has already gone up a few points. I'm happy about that!!

Posted: Tue Sep 18, 2007 6:47 pm Subject:

I just got with the program Smile

I will watch it fall when my accounts are closed down. Then it will go up again. I can imagine myself 5 years from now proudly holding an Amex Clear Very Happy

Posted: Wed Sep 19, 2007 4:55 am Subject:

10 years...Amex Black Very Happy

Edit: 15 years...you've got to spend 250K/yr with card, pay 5K initiation fee, 2.5K annual fee...

-BLAM- it...if other people can attain it, so can I.