Credit Card, FRIEND or FOE ?

[oninrocks]

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wala pa gyud ko kasulay ug swipe sa credit card bisan agent ko b4 sa credit card and i have a 135k credit limit sa akng cc very tempting kaau gamiton.hehehehehe

[xylo]

wala pa gyud ko kasulay ug swipe sa credit card bisan agent ko b4 sa credit card and i have a 135k credit limit sa akng cc very tempting kaau gamiton.hehehehehe

tempting jud na... pero ayaw lang padala..hehe

[mightykp83]

a FRIEND when you are using it and a FOE when it comes to paying time...

[darkcrux]

I have a friend who was trapped in credit card debt. He had about 4 credit cards. He decided to pay them up and now he's only got 1 left. Amazingly, the credit card companies keep on tempting him with different kinds of offer hoping that he would use the cards again. Amazing huh?

It's not really the credit card.. It's quite a bad product to begin with (anual fee and interest rates). It's about the company marketing these cards and about the people using them. The companies are misbehaving (snakes) and are now targeting new employees earning less but giving them bigger credit limits. An example of this is my sister who is earning 10K a month but now has a credit limit of 100K.

These are just amazing snakes waiting for their meal.

[xylo]

foe gyud, daghan na gyud nag ka problema aning produktoha

[miyay]

friend...if you use it wisely.
foe...if you use it foolishly.

[darkcrux]

Who here struggles so hard, work so hard, do massive overtimes because they have too many payments? And when the salary comes, majority of it is already set aside for CC payments. Anyone experienced this?

Do you believe in proverbs 22:7 which says "The RICH rules over the POOR, and the BORROWER is SLAVE to the LENDER."

Instead of working for your family and yourself, you're working hard just to pay those cards? Is it a friend or a foe? Are the RICH credit card companies in control now?

I bet you have your answer now.

[wealthyhead]

Who here struggles so hard, work so hard, do massive overtimes because they have too many payments? And when the salary comes, majority of it is already set aside for CC payments. Anyone experienced this?

Do you believe in proverbs 22:7 which says "The RICH rules over the POOR, and the BORROWER is SLAVE to the LENDER."

Instead of working for your family and yourself, you're working hard just to pay those cards? Is it a friend or a foe? Are the RICH credit card companies in control now?

I bet you have your answer now.

so it's definitely foe

[lorenzoleo]

It can make you financially bunckrupt. Imagine if there comes a time that you are only paying the interest, do you think you can pay it off? Unless you got a bulk of money to pay it entirely.

The credit card company's side -> "money working for me"
The borrower's side-> "money working against me"

[istoryaaah]

Diffinitely Foe

and it will remain a Foe unless we have this Bill

THE FAIR DEBT COLLECTION PRACTICES ACT
http://www.ftc.gov/bcp/edu/pubs/cons...edit/cre27.pdf