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Regular Contributor
keithc
Posts: 166
Registered: ‎05-22-2007

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
Cleanmachine
Posts: 396
Registered: ‎04-30-2008

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
keithc
Posts: 166
Registered: ‎05-22-2007

Re: paying down cc's

you are so right cleanmachine!!!!!!!!!!
Regular Contributor
Romeoo47
Posts: 201
Registered: ‎11-26-2007

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
keithc
Posts: 166
Registered: ‎05-22-2007

Re: paying down cc's

you are right too-Romoeo!!
Established Contributor
Pappy214
Posts: 794
Registered: ‎08-05-2008

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
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"Evacuate, in our moment of triumph? I think you overestimate their chances."
Regular Contributor
keithc
Posts: 166
Registered: ‎05-22-2007

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
Pappy214
Posts: 794
Registered: ‎08-05-2008

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
keithc
Posts: 166
Registered: ‎05-22-2007

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
Romeoo47
Posts: 201
Registered: ‎11-26-2007

Re: paying down cc's

Amen to that!

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