Comments on: Is Credit Card Debt Ever Acceptable? http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable Mon, 21 May 2012 00:25:59 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: We are Credit Card Debt Free! | Ultimate Money Blog- Save Green and Live Green! http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-23079 We are Credit Card Debt Free! | Ultimate Money Blog- Save Green and Live Green! Thu, 04 Mar 2010 10:28:46 +0000 http://ultimatemoneyblog.com/?p=1197#comment-23079 [...] we did it! I bit the bullet and finally made the last payment on our Home Depot Credit Card.  It made no sense to me to keep making payments each month when we [...] [...] we did it! I bit the bullet and finally made the last payment on our Home Depot Credit Card.  It made no sense to me to keep making payments each month when we [...]

]]> By: Mrs Money http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-21983 Mrs Money Mon, 15 Feb 2010 16:41:23 +0000 http://ultimatemoneyblog.com/?p=1197#comment-21983 Daddy Paul- It's really crappy how the credit card companies bully people. Makes me want to cut up all my cards! Daddy Paul- It’s really crappy how the credit card companies bully people. Makes me want to cut up all my cards!

]]> By: Daddy Paul http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-21890 Daddy Paul Sun, 14 Feb 2010 05:16:46 +0000 http://ultimatemoneyblog.com/?p=1197#comment-21890 Is credit card debt acceptable? Only when you are in ICU and cannot get to a computer or write out a check to make the payment. Why do credit cards want your business so bad? Fees and interest! I was asked if 16.99 was a good rate. I said yea for the credit card company! Is credit card debt acceptable? Only when you are in ICU and cannot get to a computer or write out a check to make the payment.
Why do credit cards want your business so bad? Fees and interest! I was asked if 16.99 was a good rate. I said yea for the credit card company!

]]> By: Mrs Money http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-21844 Mrs Money Sat, 13 Feb 2010 15:36:20 +0000 http://ultimatemoneyblog.com/?p=1197#comment-21844 Financialbondage.org- We don't owe very much on this card, so I'm going to be diligent about getting it paid off! I think it's horrible they do that to unsuspecting people though! :( Financialbondage.org- We don’t owe very much on this card, so I’m going to be diligent about getting it paid off! I think it’s horrible they do that to unsuspecting people though! :(

]]> By: Financialbondage.org http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-21828 Financialbondage.org Sat, 13 Feb 2010 11:22:49 +0000 http://ultimatemoneyblog.com/?p=1197#comment-21828 how come your not approving my comments? I think they are very helpful. I would email u this question but there seems to be no contact info on the site. how come your not approving my comments? I think they are very helpful. I would email u this question but there seems to be no contact info on the site.

]]> By: Financialbondage.org http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-21775 Financialbondage.org Fri, 12 Feb 2010 01:06:50 +0000 http://ultimatemoneyblog.com/?p=1197#comment-21775 The 0% and no payments for a year are a trap. Most people don't pay it off in that time and end up getting charged for back interest. It's a gimmick the credit card companies created, and everyone falls for it. It's a marketing gimmick. If you pay it off in that time period, you would be one of the few persons that do. :) The 0% and no payments for a year are a trap. Most people don’t pay it off in that time and end up getting charged for back interest. It’s a gimmick the credit card companies created, and everyone falls for it. It’s a marketing gimmick. If you pay it off in that time period, you would be one of the few persons that do. :)

]]> By: Mrs Money http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-21717 Mrs Money Wed, 10 Feb 2010 22:38:08 +0000 http://ultimatemoneyblog.com/?p=1197#comment-21717 LeanLifeCoach- I agree with you. It wouldn't deplete our emergency fund if I paid it off. I don't think we are earning a lot of interest on our money because rates are so low. I probably should just pay it off and forget about it. I hate owing too. :) LeanLifeCoach- I agree with you. It wouldn’t deplete our emergency fund if I paid it off. I don’t think we are earning a lot of interest on our money because rates are so low. I probably should just pay it off and forget about it. I hate owing too. :)

]]> By: LeanLifeCoach http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-21669 LeanLifeCoach Wed, 10 Feb 2010 04:30:19 +0000 http://ultimatemoneyblog.com/?p=1197#comment-21669 You make great points financially but this issue is also an emotional and psychological issue. Obviously you are spending time and energy just thinking about it. Every time you get paid you have to take time and energy to make the payments. Would it completely deplete your emergency fund to pay off the dishwasher? If so, maybe you should build more of cushion first. Are you earning a significant amount of interest on the capital you are holding on to? If so you may want to delay paying off the dishwasher. Otherwise, I would just pay it off and move on. The money you don't use to make payments will help you rebuild your savings that much faster. Hey, just my point of view. I hate owing, period. You make great points financially but this issue is also an emotional and psychological issue. Obviously you are spending time and energy just thinking about it. Every time you get paid you have to take time and energy to make the payments.

Would it completely deplete your emergency fund to pay off the dishwasher? If so, maybe you should build more of cushion first. Are you earning a significant amount of interest on the capital you are holding on to? If so you may want to delay paying off the dishwasher. Otherwise, I would just pay it off and move on. The money you don’t use to make payments will help you rebuild your savings that much faster.

Hey, just my point of view. I hate owing, period.

]]> By: Mrs Money http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-21656 Mrs Money Tue, 09 Feb 2010 22:52:20 +0000 http://ultimatemoneyblog.com/?p=1197#comment-21656 Little House- Good! I am glad that you do the same thing. I got that letter yesterday. I think that we don't have to make minimum payments, but I will definitely double check my bill when it comes! Thanks for the heads up. :) Little House- Good! I am glad that you do the same thing. I got that letter yesterday. I think that we don’t have to make minimum payments, but I will definitely double check my bill when it comes! Thanks for the heads up. :)

]]> By: Mrs Money http://ultimatemoneyblog.com/is-credit-card-debt-ever-acceptable/comment-page-1#comment-21655 Mrs Money Tue, 09 Feb 2010 22:51:27 +0000 http://ultimatemoneyblog.com/?p=1197#comment-21655 Kacie- I totally agree. A few years ago when we got a credit card with a 0% interest rate at first with a bank, we ended up getting a new computer, mattress, and other small things on it! We shouldn't have done it, but thankfully we did pay it off. We've all made mistakes. :) I agree about it being a false sense of security. I am sure I'll have it paid off pretty quickly. :) Kacie- I totally agree. A few years ago when we got a credit card with a 0% interest rate at first with a bank, we ended up getting a new computer, mattress, and other small things on it! We shouldn’t have done it, but thankfully we did pay it off. We’ve all made mistakes. :)

I agree about it being a false sense of security. I am sure I’ll have it paid off pretty quickly. :)

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