If you do that once or twice, you're unlikely to ever do it again. If
you have credit cards to throw at every stupid purchase, you'll be
spending the next 47 years and 50x paying off a credit card.
Stupid people are going to be stupid, but it's harder to get into real
trouble with a debit card.
Unless you have overdraft protection - then you can drain your savings
AND checking accounts.
Just because one has a (e.g.) $10000 limit on the card, doesn't mean
that you go out and blow ten grand each month on Stuff.
Seems like control is the issue here, and if you have none credit
cards do make it a lot easier to go that much further into hock. But,
it doesn't change the fact that exercising some control on one's
spending is the crux of the matter.
On Thu, 25 Sep 2003 23:12:31 GMT, Brian Henderson
No, people who think credit cards allow them to spend
money they will never have are stupid.
Credit cards are a convenient way to pay for
purchases, and some cards nowadays refund you
cash, or airline miles, or gasoline, etc.
Abusing credit cards is stupid, the cards themselves are not.
Charlie Campney wrote:
No, credit cards are tools. Tools can be misused and do tremendous
damage to those who misuse them, but that does not make them stupid. As
with tools, accidents can and do happen, but that does not mean that
everyone who owns that particular tool should get rid of it because
someone else got hurt.
On Fri, 26 Sep 2003 03:31:24 GMT, Mark & Juanita
very true,,,i had one almost take off my finger, and then i designed
the "card guard " (tm me) overarm credit guard and coupon collector,
and put one, along with a set of "card buddies" and a credit outfeed
table on my wallet.
i cannot tell you how many times these things have saved my fingers
while trying to use my credit cards.
"Interest" is charged for the money you borrowed to make your purchases. A
"Late Fee" is for not paying back a portion of the money you borrowed on
You can still shop at HD, I am sure they will still sell to you and not hold
that mistake against you.
Back in the old days Vinnie would come over and break your
kneecaps when you missed a payment. This modern generation
of businessmen is soooo soft.
Some people would complain if you hung them with a new rope.
If your late, your late...........but, the CC co. like to hold your payment
I believe USA cc was just sued recently over this practice. What bothers me
is that when you send them considerbly more than the minimum amount "every"
month(2-4x more) they should let ya slide a few days if your payment got
there a few days late acouple of times a year.
I called one the other day, payment was due on the 7th(Sunday), posted pymt
on the 8th, charged me 35.00 bucks, told them to close the account and
transfer my balance to another account. There's too many cards out there
that let ya transfer balances for 0% - 3-5% for 6 months to a year, that I
just don't put up with their BS anymore. Screw 'em!!!
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