Credit Cards

Subject: Re: Credit Cards Sat 23 Dec 2006, 9:55 pm

We have ONE card which is a combined debit/credit card (linked to both accounts). We have stopped using the credit option unless it's an emergency, but it's reassuring to know the option is available in that instance.
Last year we opened a separate savings account which is only accessable via internet transfer so we cannot directly withdraw money from it. I am trying to transfer 'something' into it each week from our wages(although often it's more like fortnightly), and this is finally a step in the right direction as it's slowly building....it pays around 5% interest.
I'm also going to check into mortgages in the new year to get a better deal or increase our payments.
_________________
~ LESS IS MORE ~

Moderator Age : 28 Joined : 12 Oct 2006 Posts : 2011

We have 2 cc and each has a debit card. I have no store cards....oh wait..I think I might still have an old navy card for school shopping....anyways, we are in a financial bind as well and have abalance on our cc of like $5,000 or even a little more, we haven't gotten our statement yet. Christmas hit us hard this year, and earlier in the year we had big medical beills for Ds and we had no $ for food...so we put it on the cc....DH's job will probly strike in April, so I hope we can get them paid off before that point, who knows.

kim

Subject: Re: Credit Cards Mon 25 Dec 2006, 8:08 am

We have a debit card also..I plan on getting a credit card,,maybe 2 this comming year...I have worked off some bad credit and we are establishing good credit now.In June I will have 1 of 2 small loans paid off which I have made perfect payments on so far,,that should help boodt my scores up some..I was surprised they were as high as they were,,,I think a credit card will help bring it up more.I also heard that Kohls cards are not too bad to have,,percentages and rewards etc.

Subject: Re: Credit Cards Tue 26 Dec 2006, 6:47 pm

does anyone else have cards in their names not joint but cards in your name as the card holder???? Our Financial guy suggest several years ago that I have my own credit history ?????
_________________
Gayla

"They take great pride in making their dinner cost much; I take my pride in making my dinner cost so little."

---Henry David Thoreau (1817-1862)

Subject: Re: Credit Cards Tue 26 Dec 2006, 8:50 pm

I have mine and dh has his. Then we have 2 in both names together. With my first marriage all we had was joint and then when dh and I split we charge up all the cards and I got stuck with the bills.
_________________
Vicki

[url=http://www.TickerFactory.com/weight-loss/wH4660m/]

[/url]

Subject: Re: Credit Cards Wed 27 Dec 2006, 6:44 am

...I have always been against the whole "joint account" thing.
I think, for me (personally), the only joint account we will have is our checking. Not credit cards. I've known too many people who get into trouble with them (my mom included with her husband).

~M
_________________
"It is not how much money you make - it is how you spend it."

Subject: Re: Credit Cards Wed 27 Dec 2006, 2:23 pm

I have two - one has a balance that will be paid off with the next statment.

Subject: Re: Credit Cards Mon 01 Jan 2007, 10:13 am

Ijust went through all of my cards... I only had 8 of them.
Not the 11+ as I first though.

I will be keeping 4 of them:
Visa
Discover
Kohl's
Kirklands

The rest will be closed.

~M
_________________
"It is not how much money you make - it is how you spend it."

Subject: Re: Credit Cards Mon 01 Jan 2007, 10:39 am

Way to go M
_________________
Vicki

[url=http://www.TickerFactory.com/weight-loss/wH4660m/]

[/url]

Subject: Re: Credit Cards Tue 02 Jan 2007, 4:50 am

Good going M...
Credit cards scare me What a Face

I couldn't cope with more than one for emergencies...I'd lose track. I hate to owe money.
_________________
~ LESS IS MORE ~