Reply
Regular Contributor
Posts: 167
Registered: ‎05-22-2007
0

paying down cc's

i was reading on AOL this am that americans have paid their cc's to the tune of 2.7 BILLION dollars in feb. maybe the ones with cld's will be restored!!
Frequent Contributor
Posts: 399
Registered: ‎04-30-2008
0

Re: paying down cc's

"Wishful" thinking.....

 

Only after the Taxpayer bails out the Credit Card Issuers.

 

I suspect the pay back of 2.7 Billion cost them a fortune in interest and fees.

 

To make that up they will continue to raise the APR's hoping they can make some profit. 

Regular Contributor
Posts: 167
Registered: ‎05-22-2007
0

Re: paying down cc's

you are so right cleanmachine!!!!!!!!!!
Regular Contributor
Posts: 201
Registered: ‎11-26-2007
0

Re: paying down cc's

Wishful thinking.  I'm still waiting on AMEX to restore my CL.  Like an idiot I continue to use them and PIF after they cut my CL in half.  Once I get my cashback, I will be using my Chase Freedom exclusively. 

Regular Contributor
Posts: 167
Registered: ‎05-22-2007
0

Re: paying down cc's

you are right too-Romoeo!!
Established Contributor
Posts: 794
Registered: ‎08-05-2008
0

Re: paying down cc's

[ Edited ]

Too bad they did not wait until March. Suze Orman said not to pay off the CC's anymore, but to save now instead. A total 180 degree turn from what she told Oprah in January. My how two months can change a financial "guru".

 

Pretty soon that Dave Ramsey dude will start telling people to apply for CC's. LMAO!!!

 

 

Message Edited by Pappy214 on 04-09-2009 10:36 AM
____________________________________________________

"Evacuate, in our moment of triumph? I think you overestimate their chances."
Regular Contributor
Posts: 167
Registered: ‎05-22-2007
0

Re: paying down cc's

i do not know what it is Pappy, but i do not like suze orman!!! she is making money off of other peoples problems!!
Established Contributor
Posts: 794
Registered: ‎08-05-2008
0

Re: paying down cc's


keithc wrote:
i do not know what it is Pappy, but i do not like suze orman!!! she is making money off of other peoples problems!!

 

I fully agree. In fact most of them are making money off of other peoples problems. Honestly most of those people are not members of this site. I have learned more in the past year of being a member here than watching any financial "expert" yap about crap on TV.  

 

I feel like writing a book. Chapter One "Join MyFICO and Educate Yourself" and then leave it at that.  

____________________________________________________

"Evacuate, in our moment of triumph? I think you overestimate their chances."
Regular Contributor
Posts: 167
Registered: ‎05-22-2007
0

Re: paying down cc's

you are so darn right- pappy!!! i have learned more on myfico than any book or person out there!! the only problem- i have become addicted!! the only way to cure my addiction-to get in the 700 club!!
Regular Contributor
Posts: 201
Registered: ‎11-26-2007
0

Re: paying down cc's

Amen to that!
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.