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Card Debt a $915 Billion Disaster-in-Waiting


Bob26003

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Sometimes, yes...it's been happening to people since the beginning of time. Fortunately I don't live in a house of cards.

if you have credit , a mortgage , or bills .............. you live in a house of cards.

if you became totally disabled today what would happen ? have you planned for that ? trust me from experience , it happens .

you need health services your insurance doesn't cover be it to save your life or rehab --------- not small bills by any means.

all our lives are built out of cards. everyones. there is always something that can upset what we think is security.

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Using a credit card for purchases, providing you can pay the amount off before interest is due on it is a good idea, primarily because credit card purchases have various buyer protections involved with them, such as if the goods are faulty etc - or they do in the UK, at least.

Using them for anything else, unless you absolutely have to - is madness.

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I got rid of all my cards 20 years ago..if i cant pay for it i pass...

I've finally paid mine off. I have one visa with nothing on it that I keep in case of emergencies. If I don't have cash I go without. it's that simple.

yet there is still worry. I worry about my gran who is a chrysler retiree. she has a pension and medical through them , but with how they are going I worry that she , like some others in various area's have lost their pensions and health care. A long shot , but still a possibility . She worked for them for 30 years and still with SS her income a year is under 27,000. Not exactly rich expecially when you factor in all the bills. it doesn't leave much for saving. especially when property taxes come around here in Detroit ! but still better than SS alone.

Edited by Lt_Ripley
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Using a credit card for purchases, providing you can pay the amount off before interest is due on it is a good idea, primarily because credit card purchases have various buyer protections involved with them, such as if the goods are faulty etc - or they do in the UK, at least.

Using them for anything else, unless you absolutely have to - is madness.

I agree !

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I don't believe in credit and my house is paid for. Everyones lives are not a deck of cards whether you like to believe it or not. I've got an income whether I can work or not with only hiring a part time person to do the part of my business that I physically couldn't do.

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I've finally paid mine off. I have one visa with nothing on it that I keep in case of emergencies. If I don't have cash I go without. it's that simple.

yet there is still worry. I worry about my gran who is a chrysler retiree. she has a pension and medical through them , but with how they are going I worry that she , like some others in various area's have lost their pensions and health care. A long shot , but still a possibility . She worked for them for 30 years and still with SS her income a year is under 27,000. Not exactly rich expecially when you factor in all the bills. it doesn't leave much for saving. especially when property taxes come around here in Detroit ! but still better than SS alone.

I HAVE to have credit cards so I can buy internet flights, and when i want to rent a car at the airport they demand a credit card as security. They wont take cash at all.

As an aside, I have had a Chrysler 300 for two years now, best car I have ever owned!!!

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if you have credit , a mortgage , or bills .............. you live in a house of cards.

if you became totally disabled today what would happen ? have you planned for that ? trust me from experience , it happens .

you need health services your insurance doesn't cover be it to save your life or rehab --------- not small bills by any means.

all our lives are built out of cards. everyones. there is always something that can upset what we think is security.

I don't believe in credit and my house is paid for. Everyones lives are not a deck of cards whether you like to believe it or not. I've got an income whether I can work or not with only hiring a part time person to do the part of my business that I physically couldn't do.

You are wasting your time Ripley. Your problem as well as the problems of millions of other Americans don't affect Michelle, so why should she care?

Am I missing something Michelle?

Is that the "morality" you Conservatives speak of?

:hmm:

Edited by Bob26003
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You are wasting your time Ripley. Your problem as well as the problems of millions of other Americans don't affect Michelle, so why should she care?

Am I missing something Michelle?

Is that the "morality" you Conservatives speak of?

Nope, I don't think I am missing a thing. :hmm:

Because I started with nothing and made something out of myself you hate me. I'm not a Conservative just because I don't agree with every Democratic talking point you spew and have no idea what it means.

You don't think you're missing a thing? That's right...you don't think.

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Because I started with nothing and made something out of myself you hate me. I'm not a Conservative just because I don't agree with every Democratic talking point you spew and have no idea what it means.

You don't think you're missing a thing? That's right...you don't think.

No, it just seems to me that as long as you are OK, that is all that matters right?

You seem completely disinterested and unconcerned with the plight of others.

But that is your right.

Am I missing something?

Edited by Bob26003
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Like I've said before, you have no idea to what extent I go to for the environment, the homeless, battered womens shelters, disabled, veterans, animal shelters etc,...

I don't sit on the computer complaining about all of it, I'm out there trying to do something about it.

Yes you're missing a great deal.

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Like I've said before, you have no idea to what extent I go to for the environment, the homeless, battered womens shelters, disabled, veterans, animal shelters etc,...

I don't sit on the computer complaining about all of it, I'm out there trying to do something about it.

Yes you're missing a great deal.

Good :)

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Bob, here's a challange for you.

Post a "happy" or "positive" story about the USA.

Otherwise I will gradually succumb to the conclusion that you work for the Chinese. Or possibly President Putin. Or - god help us - the French.

Go on - give it a stab. I don't for a minute believe that you believe EVERYTHING about the USA is Doom And Gloom.

Or if you do - why not emigrate to the UK... you can live in Skegness or Blackpool for a year.

Then you will know the meaning of despair :P

So post a 'happy' story, and spit in the eye of your detractors. :)

Meow Purr.

Oh, he won't stop until Hugo Kucinich is elected President. Then we will see Bob posting good news after good news. Even if unemployment rise to 20%, he will still post good news like, Unemployment is at 20%, President Hugo Kucinich saved the country with his Socialist programs for it could have been at 30%. :tu:

Edited by AROCES
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Using a credit card for purchases, providing you can pay the amount off before interest is due on it is a good idea, primarily because credit card purchases have various buyer protections involved with them, such as if the goods are faulty etc - or they do in the UK, at least.

Using them for anything else, unless you absolutely have to - is madness.

Spot on, and theres more.

For 20 years I always used a debit card rather than a credit card so I could only buy what I could cover however I was in the bank recently and was told that due to the size of my balance I should take out insurance on my own money. The teller basically told me my money wasn't safe as people can crack the 'chip and pin' or assume my identity and that the account holder is responsible for any losses. I took all my cash out there and then and bought premium bonds ( which so far have provided me with much more than the interest I would have got over the time period in the bank). I now use my credit card so that if anything untoward happens they have to come and ask me for the cash and I can withhold any payments not made by me.

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Spot on, and theres more.

For 20 years I always used a debit card rather than a credit card so I could only buy what I could cover however I was in the bank recently and was told that due to the size of my balance I should take out insurance on my own money. The teller basically told me my money wasn't safe as people can crack the 'chip and pin' or assume my identity and that the account holder is responsible for any losses. I took all my cash out there and then and bought premium bonds ( which so far have provided me with much more than the interest I would have got over the time period in the bank). I now use my credit card so that if anything untoward happens they have to come and ask me for the cash and I can withhold any payments not made by me.

Invest in common stock higher returns on your money, plus it'll go higher for the next few years as Boomers bid it up for retirement, just get out before the market drops out

I don't believe in credit and my house is paid for. Everyones lives are not a deck of cards whether you like to believe it or not. I've got an income whether I can work or not with only hiring a part time person to do the part of my business that I physically couldn't do.

Doesn't matter, inflation makes what you have less valuble, your income will be worthless when the rising inflation occurs

Edited by Avinash_Tyagi
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this money doesn't exist, wipe it off,

Example

£918,898,788.00

now

£0

easy as that :lol: i tell my bank manager this, always calls the police :D

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