**updated** i stopped paying my bills

[montypythizzle]

I am pretty sure I am posting in a troll thread. If you are actually that out of touch with reality you got another thing coming, and it involves a paper hat and a headset. Enjoy the fast food industry, mate.

 

[edro]

That's not what Dave Ramsey says. Did you not buy his book?

Good luck getting a home loan without any credit.
Also, good luck saving $150k+ to buy a house with.

Unless you're a crazy hippy, you need credit in America today.

 

[Braznor]

Typical behavior from the OP.

He hates cops.

He doesn't pay bills.

What else?

I know a lot of people who can fall into this stereotype.

 

[z1ggy]

This thread makes me want to shoot my face off. As if we don't have enough retards in this country, I now have solid proof. How can somebody even ask this question even be remotely serious. And if you aren't serious, I am still enraged that I wasted 5 minutes of my life reading this shit. All in all, this is probably the most retarded thing I have read in quite some time. Fuck you times infinity OP, you are one of the reasosn why our country is going down the shitter.

And if this is just a troll... Well fuck you again.

 

[Texashiker]

Do you care about your C score?

Do you not care how much credit card companies charge in interest and late fees?

My wife and I have not used credit cards in maybe 8+ years. Its a decision we made to protect our financial future, and to prevent us from being a cash cow to some credit card company.

Credit score VS being milked for every little penny the credit cards can get. No thank you.

 

[sdifox]

Do you not care how much credit card companies charge in interest and late fees?

My wife and I have not used credit cards in maybe 8+ years. Its a decision we made to protect our financial future, and to prevent us from being a cash cow to some credit card company.

Credit score VS being milked for every little penny the credit cards can get. No thank you.

I use CC all the time and the CC company doesn't get one extra dime from me. I pay my CC bill off before it is due. I get a modest 1% back that I can buy grocery with.

Discipline is everything.

 

[Bignate603]

Do you not care how much credit card companies charge in interest and late fees?

My wife and I have not used credit cards in maybe 8+ years. Its a decision we made to protect our financial future, and to prevent us from being a cash cow to some credit card company.

Credit score VS being milked for every little penny the credit cards can get. No thank you.

Do you know how much you pay in interest and fees if you're responsible with your credit cards? Zero, zilch, nada. If you pay it off on time every month you won't owe a dime.

If you have issues limiting your purchases to what you can pay off each month that's a problem that you have, not a problem with credit cards.

 

[Texashiker]

Discipline is everything.

Discipline has a lot to do with it, agreed.

My wife and I live well inside out limits. If one of us lost our job today, we have no credit card debt that would have to be paid at the end of the month with our savings. We pay our bills as we go, and pay stuff like electric and insurance when we get the bill. That way there is no bill lingering to be paid later on like a credit card.

As for a credit score, I do not play that game. My wife and I pay for everything we can in cash. The new sectional for the living room we bought 2 months ago for $1,300, we paid for in cash.

 

[nick1985]

As for a credit score, I do not play that game. My wife and I pay for everything we can in cash. The new sectional for the living room we bought 2 months ago for $1,300, we paid for in cash.

I play that game.

Last month I bought a sectional for $1000. I got 5% cash back for using my CC.

Paid my CC off in full, and got a free $50.

Win.

 

[HardcoreRobot]

repost

 

[sdifox]

Discipline has a lot to do with it, agreed.

My wife and I live well inside out limits. If one of us lost our job today, we have no credit card debt that would have to be paid at the end of the month with our savings. We pay our bills as we go, and pay stuff like electric and insurance when we get the bill. That way there is no bill lingering to be paid later on like a credit card.

As for a credit score, I do not play that game. My wife and I pay for everything we can in cash. The new sectional for the living room we bought 2 months ago for $1,300, we paid for in cash.

I only have living expenses and maint cost. I run whatever I can through CC. House is paid off, car was bought cash.

I think I have like 700 dollar worth of points that I can use to buy grocery.

The implication is of course running through 70k on the CC :biggrin:

Good thing that is cumulative and not in a month, not even a year.

 

[Texashiker]

Paid my CC off in full, and got a free $50.

Its not "free", someone else paid for that $50.

Win.

Credit card companies are like pedophiles that give gifts to children. When your down on your luck, thats when their going to make their move.

 

[Bignate603]

My wife and I live well inside out limits. If one of us lost our job today, we have no credit card debt that would have to be paid at the end of the month with our savings. We pay our bills as we go, and pay stuff like electric and insurance when we get the bill. That way there is no bill lingering to be paid later on like a credit card.

This statement makes no sense. Let's assume you're responsible and would buy the same amount with cash or credit card. There are two scenarios...
1. You buy what you need with cash. You immediately take that amount out of your bank account.
2. You buy what you need with a credit card, the total amount is equal to what you would have paid in cash. You can pay this off at any point, or wait until the end of the month.

Either way, you have bought the same amount of stuff and have to pay the same amount. The amount you pay is exactly the same. With the credit card you just have the choice on when during the month you pay it off.

 

[Bignate603]

Its not "free", someone else paid for that $50.

Yes, but the way the system works right now you effectively get a discount by using a credit card. If they passed the true cost of using them on to the user I wouldn't use them as much, but until they do I'm going to be taking that discount.

Credit card companies are like pedophiles that give gifts to children. When your down on your luck, thats when their going to make their move.

Not really, it's more that they give people enough rope to hang themselves. They don't force you to do anything.

 

[Texashiker]

This statement makes no sense.

Makes no sense because my wife and I choose to live without a credit card?

If you want to use credit cards, then good for you, but I am not going down that road.

 

[nick1985]

Makes no sense because my wife and I choose to live without a credit card?

If you want to use credit cards, then good for you, but I am not going down that road.

But its a great road to be on. Free $$$$

 

[Capt Caveman]

Makes no sense because my wife and I choose to live without a credit card?

If you want to use credit cards, then good for you, but I am not going down that road.

If you're responsible, it's a great convenience and helpful in an emergency. Personally, if you're able to live without one great but I would recommend having one, even if you never use it, just in case.

 

[Texashiker]

But its a great road to be on. Free $$$$

Its not free, someone else paid for your little "bonus".

Its not a good road to be on. Credit cards are a slippery road, with pitfalls and dangers all around. If your a safe driver that pays attention, then you can probably drive the road just fine.

But if your the type of driver that does not pay steady attention to the road, there are all kinds of potholes and other dangers.

Having to keep track of a credit card, when its bill is due, and how much I need to pay is nothing I want to bother with. So what if I make $50 cash back, its not worth the hassle to me.

If you're responsible, it's a great convenience and helpful in an emergency. Personally, if you're able to live without one great but I would recommend having one, even if you never use it, just in case.

My wife and I keep some cash put back for emergencies, which is separate from our savings account.

 

[moshquerade]

Its not free, someone else paid for your little "bonus".

Its not a good road to be on. Credit cards are a slippery road, with pitfalls and dangers all around. If your a safe driver that pays attention, then you can probably drive the road just fine.

But if your the type of driver that does not pay steady attention to the road, there are all kinds of potholes and other dangers.

No... no... no... There are not unforeseen dangers like there can be while you are driving down a road. There are no surprises or having to look out for other drivers. There is only you, and if you are responsible and not irresponsible you reap the benefits.

 

[sdifox]

Its not free, someone else paid for your little "bonus".

Its not a good road to be on. Credit cards are a slippery road, with pitfalls and dangers all around. If your a safe driver that pays attention, then you can probably drive the road just fine.

But if your the type of driver that does not pay steady attention to the road, there are all kinds of potholes and other dangers.

Having to keep track of a credit card, when its bill is due, and how much I need to pay is nothing I want to bother with. So what if I make $50 cash back, its not worth the hassle to me.




My wife and I keep some cash put back for emergencies, which is separate from our savings account.

Err, how is getting a CC bill any different than getting your water bill or gas bill?

There is the total amount owed. Due Date. Pay by that date. Done.

Hell, you can even pay it before you get the statement.

 

[Texashiker]

There are no surprises

No surprises, like credit card companies just raising your interest rate for no reason?

Like how this persons interest rate went to 27% for no apparent reason?

http://www.usatoday.com/money/industries/banking/2008-11-09-bank-credit-card-interest-rates_N.htm

"I never missed a payment," says Newsom, 63, of Mesquite, Texas, who owes about $5,000 on the card. "The bank is just looking for a reason to maximize profits."

Err, how is getting a CC bill any different than getting your water bill or gas bill?

Why cant you pay cash for those items instead of using a creidt card?

 

[sdifox]

No surprises, like credit card companies just raising your interest rate for no reason?

http://www.usatoday.com/money/industries/banking/2008-11-09-bank-credit-card-interest-rates_N.htm


Why cant you pay cash for those items instead of using a creidt card?

Of course I can, I just choose not to. I am too lazy to go to bank machines frequently. And the example you are linking to is very different than what we are talking about. I really don't care what the interest rate is on the CC. I just make sure they don't get to charge it.

 

[Anubis]

Completely giving up and not caring about anything is the only way to find inner peace and true freedom.

 

[moshquerade]

No surprises, like credit card companies just raising your interest rate for no reason?

Like how this persons interest rate went to 27% for no apparent reason?

http://www.usatoday.com/money/industries/banking/2008-11-09-bank-credit-card-interest-rates_N.htm






Why cant you pay cash for those items instead of using a creidt card?

I don't give a shit if they raise the interest rate. It doesn't affect someone who PAYS THEIR BILL OFF IN FULL EVERY MONTH!

Why is this so hard for you people to understand??????

 

[SP33Demon]

I agree with Texashiker, I don't like credit cards and only keep one for emergencies and online purchases so I don't have to use my bank VISA and can still build up my FICO a little bit. But then again, I'm planning to live in a totally self sufficient solar house off the grid so I'm not reliant on anyone or anything. The only thing I'll need credit for is to buy the land but I'm hoping to have a huge amount of cash to ensure my loan isn't that big when I retire.