topic Re: paying down cc's in Credit Cards

paying down cc's

Anonymous — Wed, 08 Apr 2009 23:01:30 GMT

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!!

Re: paying down cc's

Anonymous — Thu, 09 Apr 2009 00:19:56 GMT

"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.

Re: paying down cc's

Anonymous — Thu, 09 Apr 2009 17:10:54 GMT

you are so right cleanmachine!!!!!!!!!!

Re: paying down cc's

Anonymous — Thu, 09 Apr 2009 17:18:02 GMT

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.

Re: paying down cc's

Anonymous — Thu, 09 Apr 2009 17:34:44 GMT

you are right too-Romoeo!!

Re: paying down cc's

Anonymous — Thu, 09 Apr 2009 17:36:01 GMT

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

Re: paying down cc's

Anonymous — Thu, 09 Apr 2009 17:41:42 GMT

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

Re: paying down cc's

Anonymous — Thu, 09 Apr 2009 17:48:58 GMT

@Anonymous 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.

Re: paying down cc's

Anonymous — Thu, 09 Apr 2009 17:56:15 GMT

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!!

Re: paying down cc's

Anonymous — Thu, 09 Apr 2009 18:51:13 GMT

Amen to that!

Re: paying down cc's

GregB — Fri, 10 Apr 2009 00:52:55 GMT

If Suze Orman is a guru we are in serious trouble.

I think it would be more accurate to call her a celebrity. It is just entertainment!