Comments on: Survive the ‘Credit Card Crisis’ http://www.moneyunder30.com/survive-the-credit-card-crisis Personal Finance for the Young and Ambitious Fri, 19 Mar 2010 21:32:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Lisa http://www.moneyunder30.com/survive-the-credit-card-crisis/comment-page-1#comment-4466 Lisa Thu, 18 Feb 2010 01:33:43 +0000 http://www.moneyunder30.com/?p=792#comment-4466 This Credit Fiasco has definitely affected me 100%. I'm now only using my debit card and cash. If the money isnt there, I don't buy it. I've also totally paid off 5 department store credit cards (Talbots, Macy's , Bon Ton, Sears, American Eagle) I used my tax return to pay half of my Firestone bill --and now will be chunking away at the remaining $1,100. The remaining three credit cards are also being "chunked" away at-- one was closed and though the minimum payment is only $34.00 , I am paying at least $200 a month payment on that and the remaining two credit cards as well. My goal is to get them all paid off by 2011-2012, by the time our United States economy gets even worse . I anticipate another financial crisis looming over the horizon worse than the mortgage crisis--which will be the credit card industry crashing down hard. These are not good times to have any debt. This Credit Fiasco has definitely affected me 100%. I’m now only using my debit card and cash. If the money isnt there, I don’t buy it.

I’ve also totally paid off 5 department store credit cards (Talbots, Macy’s , Bon Ton, Sears, American Eagle)

I used my tax return to pay half of my Firestone bill –and now will be chunking away at the remaining $1,100.

The remaining three credit cards are also being “chunked” away at– one was closed and though the minimum payment is only $34.00 , I am paying at least $200 a month payment on that and the remaining two credit cards as well.

My goal is to get them all paid off by 2011-2012, by the time our United States economy gets even worse .

I anticipate another financial crisis looming over the horizon worse than the mortgage crisis–which will be the credit card industry crashing down hard. These are not good times to have any debt.

]]> By: Live for Improvement http://www.moneyunder30.com/survive-the-credit-card-crisis/comment-page-1#comment-1839 Live for Improvement Thu, 30 Oct 2008 19:51:14 +0000 http://www.moneyunder30.com/?p=792#comment-1839 Those are some good tips. Hopefully the credit card crisis will make people think twice about purchasing on credit, and pay for items in cash. Those are some good tips. Hopefully the credit card crisis will make people think twice about purchasing on credit, and pay for items in cash.

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