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Been debt free for as long as I've been able to. Was down in a hole a couple times but recovered. One credit card that gets paid off at the end of the month. Bought a car..cash, bought a beach house...cash, no loans, no lines of credit, nothing, and my credit FICO score is way up there so go figure.
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Sometimes I wish I had a Harry Potter's wand and make people go up into smoke. -
I have not bothered with it lately but why our cards come from either the Dakota's or around the D.C. area's. Trying to remember exactly how it worked? But states like Vermont said no with this 90% interest crap NO your not screwing our people. So they best they could capped the rates. Well South Dakota's and Maryland's? head honchos said 'Ah hell come here do what yah want if you move your H.Q. here.' So they did.
Things have changed now so I don't know. Why is your payment so low compared to your CC loan? This Irish looking A hole said 'Don't ask for a high payment on the loan if they see a low payment the suckers will borrow more money'. Damn I borrowed a $1,000 and I only owe $30? Damn borrow more more more. Suckers.
Pres. Trump is going to try to cap interest at 10%. Even that is to much for the scum bags.
Credit cards the worst debt anyone can have.
In the third quarter of 2024, Americans had $1.166 trillion in credit card debt, according to the Federal Reserve Bank of New York. This was a record high, and 8.1% higher than the previous year.
HOUSEHOLD DEBT AND CREDIT REPORT (Q3 2024)
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Household Debt Ticks Up to $17.94 Trillion; Delinquency Rates Remain Elevated
Household Debt and Credit Report - FEDERAL RESERVE BANK of NEW YORK
Last edited by 4thIDvet; 01-19-2025, 08:30 AM.Comment
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Local FFL gives me sweet deals but I prepay all the purchases so he not using his money.Comment
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