http://www.debtbeater.org/no-short-supply-of-people-wanting-credit/ A case study on paying off all debts Thu, 07 Aug 2008 23:26:21 +0000 http://wordpress.org/?v=2.2.1 http://www.debtbeater.org/no-short-supply-of-people-wanting-credit/#comment-437 Thrift solutions Fri, 04 Jul 2008 06:08:38 +0000 http://www.debtbeater.org/no-short-supply-of-people-wanting-credit/#comment-437 Having credit cards is ok if people can discipline themselves to use it for convenience and safety of not carrying cash, and making sure they pay on time. Also...you can also make money with credit cards if you know how. The problem starts when they get tempted to spend on unnecessary things and not settle full payment when the due date arrive. Having credit cards is ok if people can discipline themselves to use it for convenience and safety of not carrying cash, and making sure they pay on time. Also…you can also make money with credit cards if you know how.
The problem starts when they get tempted to spend on unnecessary things and not settle full payment when the due date arrive.

]]> http://www.debtbeater.org/no-short-supply-of-people-wanting-credit/#comment-387 Mrs. Accountability Sun, 20 Apr 2008 03:24:35 +0000 http://www.debtbeater.org/no-short-supply-of-people-wanting-credit/#comment-387 Mr. D, I have taken advantage of these offers several times. It has never been for a frivolous purchase; I take the discount, pay off the card as soon as it arrives and rarely use it again. Frugal Babe posted recently about a home improvement project they had embarked upon (post entitled Paying for the Remodel on March 28th) where they opened an account at Home Depot, got a $200 discount on the first purchase, with 0% interest for 12 months, and she cut up the card as soon as it arrived. While I doubt many of the people applying for credit cards at Mrs. D's job are employing the same thriftiness, some people do use this option to save money. The trick is use the card for your advantage and stop while you're ahead of the game. Kind of like beating the credit card companies at their own game. :-) Mr. D, I have taken advantage of these offers several times. It has never been for a frivolous purchase; I take the discount, pay off the card as soon as it arrives and rarely use it again. Frugal Babe posted recently about a home improvement project they had embarked upon (post entitled Paying for the Remodel on March 28th) where they opened an account at Home Depot, got a $200 discount on the first purchase, with 0% interest for 12 months, and she cut up the card as soon as it arrived. While I doubt many of the people applying for credit cards at Mrs. D’s job are employing the same thriftiness, some people do use this option to save money. The trick is use the card for your advantage and stop while you’re ahead of the game. Kind of like beating the credit card companies at their own game.

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