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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4493
8662 Magic Points
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Sat Nov 08, 2008 8:09 pm
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| Yes faithfully every month. We got it paid off through the bank. Great interest rate and only a $35 fee. The interest wasn't due to go on until the end of January. Hubby read the wrong date on the statement but oh well at least I don't have to worry now. The monthly payment is pretty good too. |
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goodnatured
Joined: 03 Nov 2007
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Posts: 3996
1079 Magic Points
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Sun Nov 09, 2008 4:21 pm
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that is cool, so you did establish a little bit of payment history with it anyway right?
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4493
8662 Magic Points
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Sun Nov 09, 2008 11:00 pm
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| Oh yeah. We didn't close the card either. We actually put a small purchase on it and paid one quarter of the amount we charged when we sent in the payment last week. I want to keep that card open because if you get into a bind and something in the house breaks like a water heater you can get it there. We don't carry credit cards on us anymore either. It is too easy to say "I got to have that". By leaving them at home it gives you a chance to sleep on the purchase you are considering. Sometimes it doesn;t seem like such a must have in the morning. |
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goodnatured
Joined: 03 Nov 2007
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Posts: 3996
1079 Magic Points
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Tue Nov 11, 2008 2:51 am
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Smart keeping it I think, is there an annual fee on it? Or an inactivity fee, you may want to check that out and make sure that their isn't.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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fireyone
Joined: 26 Feb 2008
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Posts: 4493
8662 Magic Points
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Thu Nov 13, 2008 2:28 am
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| No there is no inactivity fee or annual fee. I have already told my husband that I do not want anything put on that card unless it is an absolute necessity. Wht get rid of the debt only to rebuild it once again. I am not a fan of having the credit card at all but as I home owner I can see the advantages to keeping it just in case. Always better to be on the safe side. I would hate to cancel it have something happen that is beyond my income at the time and then take the chance of having them not reopen the account after we requested to have it closed. You know better safe than sorry. |
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goodnatured
Joined: 03 Nov 2007
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Posts: 3996
1079 Magic Points
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Tue Dec 30, 2008 5:20 am
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It is not bad to have one if you have the discipline not to use it, they are good to have in case of emergency for a back up plan, but always use them as just that a back up plan, try to put some money away so that you can use the cash instead of the credit should an emergency come up.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4493
8662 Magic Points
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Thu Jan 01, 2009 11:54 pm
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| Yes we have that little system in place here. We try to keep money back for emergencies so we do not have to fall back on a cedit card. It avoids getting into debt and interest fees. |
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carol
Joined: 27 Jun 2006
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Posts: 1362
Location: Los Angeles, California
29592 Magic Points
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Fri Jan 02, 2009 5:16 am
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You can use credit cards during emergencies as the interest rate on credit cards are not too high as compared to pay day loans, but credit cards should be used only till the amount you think you will be able to repay within the due date to avoid interest rates. If you can pay off the money you paid with your credit card within the due date, I don't think that you will fall in a debt trap if you use the credit cards. Moreover, if you use your card regularly and repay it on time, your credit score will also improve.
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Carol |
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