Comments on: Credit Card Funeral

By: fmhvill

fmhvill — Thu, 25 Mar 2010 03:33:48 +0000

Well, here in Europe your credit card debt is automaticaly drawn in from a bank account at the end of each month, which is probably a better system.
However if people get into troube because they do not pay back their debt, it is their own fault. You can not blame credit card companies because they give people the possibility (= not compulsory) to borrow money.

By: landstuhltim

landstuhltim — Thu, 25 Mar 2010 02:51:41 +0000

That was awesome. We finished Financial Freedom w/Jim Sammons a few months ago and the lighthearted touch was nice. Just remember-20% discount on all items when you pay w/ cash. =)

By: Carneliankitty

Carneliankitty — Thu, 25 Mar 2010 01:57:35 +0000

As a European who knows from experience (just paid off my card in monthly instalments) I can tell you you are mistaken about the system being all that different.
I take full responsibility from my spending, but it is true that it is all too easy to be lured into spending, every time the balance on my credit card got higher the company gave me more spending room without asking me if I wanted it first. That seems like encouraging people to make unwise decisions with their money to me.

By: elizarussell

elizarussell — Thu, 25 Mar 2010 01:52:59 +0000

Brillian Pam. Good luck with the book.
Cheers
SuhaNZ

By: Kilikikd

Kilikikd — Thu, 25 Mar 2010 01:31:19 +0000

why on earth do you need a credit score at ALL if you intend to pay for everything with CASH (or DEBIT card)…INCLUDING your mortgage. You don’t need everything RIGHT NOW and that includes your house. Save cash for an emergency fund then PAY cash for everything else. “The Total Money Makeover” By Dave Ramsey explains it all