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I login to hotmail today and see an ad for an MSN Visa... geesh, what next?
StealthHawk
10-31-02, 02:56 PM
Originally posted by DaveW
I login to hotmail today and see an ad for an MSN Visa... geesh, what next?
an AOL Visa?
no, wait, too late :p
Starscream
10-31-02, 03:26 PM
I can see it now, blue screens on the credit card readers when you're trying to make a purchase. heh.
Credit cards themselves are evil. People sell out their lives to plastic at interest rates that sink them to the bottom of society.
I used to be a slave to the plastic, even though I didn't use them frivolously. They're horrible, and even having a paid-off credit card can keep you from getting a home loan.
sytaylor
11-01-02, 05:24 AM
I cant understand a credit card, just use a switch!!
hmmmz btw this is vamp :)
stncttr908
11-01-02, 06:57 AM
I'll only have one credit card in my life if I'm lucky.
I used to be a slave to the plastic, even though I didn't use them frivolously. They're horrible, and even having a paid-off credit card can keep you from getting a home loan.
Paying off a credit card reduces your chances of getting a home loan, you are better off keeping a small balance on it.
Common mistake is to think that a good credit rating means you are responsible with your money. A credit rating is actually a measurement of how much money a creditor is likely to make off you by shafting you with interest rates.
A 30 year old person with no credit cards has a poor credit rating.
A person who has one credit card and pays it off completely every month has a poor credit rating.
A person who shifts credit around to use low interest intro APRs to pay off their debt quicker has a poor credit rating.
A guy with 3 credit cards, who pays the minimum payment each month and will likely take 20 years to pay them off completely, by which time he has paid thousands of dollars in interest... <- thats the guy with an excellent credit rating.
If your credit rating stinks. Good for you! I am unfortunate enough to have a "good" credit rating myself.
I cant understand a credit card, just use a switch!!
Americans practically carpet their homes with credit cards. I don't know why, but things like switch just aren't popular in the US. Everywhere is Visa, MasterCard or Discover. Debit cards like Mac (similar to switch) are accepted at a few gas stations and thats pretty much it.
sytaylor
11-01-02, 08:54 AM
Originally posted by DaveW
Americans practically carpet their homes with credit cards. I don't know why, but things like switch just aren't popular in the US. Everywhere is Visa, MasterCard or Discover. Debit cards like Mac (similar to switch) are accepted at a few gas stations and thats pretty much it.
thats just nuts... switch rules :D
(oh and this is sy now, lol)
Originally posted by DaveW
Paying off a credit card reduces your chances of getting a home loan, you are better off keeping a small balance on it.
Actually, there's a specific reason behind this. When banks and mortgage companies see an empty credit card or low-balance credit card on your record, then they see a potential liability. Once you have the home, you're going to need stuff to put in it - a zero- or low-balance credit card is a prime target for stocking the house and adding to debt.
If you're going to get or refinance a mortgage, make sure to close out and cancel your zero-balance credit cards. Have the credit card company send you a statement, in writing, that the credit card is no longer active and has been permanently closed.
Let's look at some of the sickening and degrading credit companies out there now. J.C. Penney's Dept. Stores were founded by a gentleman name James Cash Penney - so long as he was alive, he refused to allow the chain to sell anything by credit. Sears also followed this philosophy and even had a statement about how buying on credit could ruin a family in every catalogue and publication. What a far cry from the Sears that now owns Discover, one of the most blatantly evil and misrepresentative credit companies on the planet.
Credit cards suck. The borrower is slave to the lender . Don't be a slave.
StealthHawk
11-01-02, 01:28 PM
naw, credit cards don't suck. faster than using checks, and safer than carrying around large amounts of cash. as long as you don't abuse them, they're fine.
of course, you can really say that about anything.
Originally posted by StealthHawk
naw, credit cards don't suck. faster than using checks, and safer than carrying around large amounts of cash. as long as you don't abuse them, they're fine.
of course, you can really say that about anything. No, that's why check cards are great. It's not credit, and you can use them wherever credit cards are accepted.
Nephilim
11-02-02, 04:41 PM
Originally posted by exar
No, that's why check cards are great. It's not credit, and you can use them wherever credit cards are accepted.
Bingo. That's why I ONLY use my check card. I cancelled all of my credit cards years ago when check cards got big.
The problem with debit cards is the money is directly coming out of the bank account. With credit cards there is more protection.
http://seattlepi.nwsource.com/money/74811_debit15.shtml
PsychoSy
11-03-02, 05:08 PM
Good grief...
Whatever happened to good, old-fashioned, cold, hard, CASH?!? With the ammount of money you pay in interest fees on a CC, you can purchase a small 130+ pound fire-proof safe and bolt that sumbitch to the bedroom floor! :D
That's what I did before having a bank account. :)
LORD-eX-Bu
11-03-02, 05:11 PM
Originally posted by PsychoSy
Good grief...
Whatever happened to good, old-fashioned, cold, hard, CASH?!? With the ammount of money you pay in interest fees on a CC, you can purchase a small 130+ pound fire-proof safe and bolt that sumbitch to the bedroom floor! :D
That's what I did before having a bank account. :)
Hehe, until a few months ago I didn't even use a wallet. Real men roll their money up and stuff it in their pocket. Hehe, I guess I'm startin' to wuss out like you guys.:p
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