Dealing with Credit Card Debt
Posted By: admin | 2009.11.15
A step by step video talking about the reality of credit card debt, and how the credit card companys are really charging you 83.3% interest.
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A step by step video talking about the reality of credit card debt, and how the credit card companys are really charging you 83.3% interest.
25 Comments:
t4705mb6 / February 3, 2009 4:01 pm
Up until 2007 when I destroyed my credit card, I had always paid my card balance off every moth. I carried ONE card, a Visa. The card had NO annual fee, a cash back feature (2%), an $8,500 limit & yearly itemized list of purchaces. I was NEVER late with a single payment, some of which were over $5,000 in a single month. After a few years my bank automatically raised my limit & I wrote back saying “No”. They called me & said that, BECAUSE I didn’t carry a balance, I was a “deadbeat”!
whitecollarcriminal / February 8, 2009 11:09 pm
when I turned 18, I was able to get stupid credit. I got a Mastercard with $5000, I got a visa with $5000, I had lines of credit with the bank, etc,etc.
I think it took me about 5 years to raise $30,000 in debt.
Once I made over a couple hundred thousand working the mortgage industry, I paid it all off.
I recently paid of my AMEx.
t4705mb6 / February 8, 2009 11:30 pm
When I lived in Florida in the early 80s my DOG, Smudge, got a MasterCard in the mail. The card was pre-approved with a $3000 limit. All my dog had to do was make the phone call to activate it. Not soon after my 8 year old daughter recieved a Visa card in the mail, also pre-approved. My wife and i were getting, on average, about 3-4 credit card offers a WEEK.
I had an AMEX card for about 5 years. i got rid of it because they started charging me an annual fee & the NO limit was too tempting.
whitecollarcriminal / February 8, 2009 11:36 pm
I refuse to pay an annual fee on my regular cards.
For my company I have an AMEX CENTURION CARD.
You pay $5000 to register in the beggining and you MUST spend $250,000 a year on it to keep it.
It makes sense only if you are heavily into travel or always purchasing for your company.
My personal Amex card’s limit was changed from $500 to UNLIMITED since is topped using it.
t4705mb6 / February 8, 2009 11:48 pm
I used to be a frequent flyer. Now I don’t want to fly. I know at some point i will have to. Luckily, i am in a position to arrange for a secured credit card with a balance of whatever I want. At least their aren’t any fees & its my own cash I’ll be “borrowing”. There are several ways used to FORCE us to have a card. Right now I use cash & checks for everything.
whitecollarcriminal / February 9, 2009 12:51 am
The only reason i can see using c.cards is that some stores give you great warranties if you do.
My aunt bought her son an Xbox360 and even 2 years later, if it Red rings on them, costco will take it back and give them a new one.
t4705mb6 / February 9, 2009 12:59 am
I agree that there can be certain perks with some cards. I have reviewed them all and have used most. For me, being credit card free outweighs all of them by a mile.
I am also preparing to pay off my mortgage in a lump sum. Since i have always payed cash for my vehicles this will leave me debt free except for the “grid”.
zunkfunkt / February 9, 2009 7:45 am
lol, nice screen name. made me laugh still
PAGEzx / February 23, 2009 5:48 pm
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numpty4r / March 17, 2009 1:25 am
Dealing with Credit Card Debt
Put them in the bin, don’t pay them.
jaygigs78 / April 4, 2009 3:53 pm
This is nothing but an infomercial. This guy has some good points, but he just wants you to use his service. The key to getting out of debt is 1) stop using the cards immediately 2) call the bank and get your APR lowered 3) make some sacrifices and pay as much towards the principle as you can each month until its paid off. 4) NEVER use a credit card again!
CircusMaximus09 / April 23, 2009 7:06 pm
Why don’t people either pay their charges or do without spending
cds162 / June 1, 2009 1:57 am
bingo – you got it…
one card.. use it and pay it off..
how easy is that?
slopmaster1 / June 14, 2009 9:01 pm
had a bunch of dept.5 cards.25grand worth.Stopped paying on them for over a year.Some of them settled for a fraction of the dept.Some just gave up.I pay cash for everything now with no stress.
xBenawesomex / June 25, 2009 1:21 am
Just to let you know, Microsoft will also take the 360 within 2 years later if red rings occur. Every 360 comes with a 2 year warranty.
MopDMTBARTL / September 13, 2009 10:28 pm
The Vatican-Pope-Jesuits-illuminati run the world. they have all the judges, attorneys, doctors, major corporations, etc. all in their back pocket. bought & paid for, etc. our country is no longer free -we live in tyranny! truth an obscure thing, Oppression & lie is the norm. Were all slaves- our masters, the elite, r at least 50 years ahead of us in knowledge, technology, info., secrets & r using all of it against us!
Go here:
truthknowledge. com
Spread it! Time is running out!
DWHold1 / September 22, 2009 5:59 pm
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djb0110 / October 7, 2009 1:59 am
The way I look at it is this, we loaned the banking industry 700 billion, I hadn’t received timely payments back so I’m declaring that they are late so I’m upping the interest to 30% (legal in my state). I believe that equates to an extra 210 billion in interest per month. Its been a few months now so their debt is really skyrocketing out of control. I’m sending this to collections.
407buddy / October 21, 2009 7:29 pm
Great info
Thxs
376Susan / October 21, 2009 10:28 pm
Credit is not “real money” 1st off and 2nd Settlemnt is a huge scam!! What ever u dont get to settle for is considered taxable income by the IRS and youll get a 1099 c form at the end of the year!! This company (debtcrisissolutionsdotcom) opened my eyes to the truth about credit and also after being decieved by these disgusting scams like cosolidation and settlemnt i am blessed to have found a real and honost comp who legally eliminates debt and restored my credit without me paying a fortune!
376Susan / October 21, 2009 10:30 pm
Credit is a bunch of #’s in a data base and its monopoly money…this company i mentioned below uses fed laws that the gov doesnt want us americans to know about and wipes out the debt (well technically the bureaus do the wiping
) …they charged me less than a 1000 for a whole years work, although it took my first set of reports to things deleted!! So if anyone needs real help eliminating debt and incase i forgot to mention they also protect your assets from law suits..call 347-492-4014 
376Susan / October 21, 2009 10:36 pm
people lets be honost THE BANKS DONT CARE ABOUT LOWERING JACK!!! they dont ever reason with us so do your selves a favor & get help call 347-492-4014 the girl at that direct # is an amazing knowledgeable person who will make your nightmares about debt disapear and give you all the relief youve been praying for!! you can go to their website and click on their proof of work section & see real samples of the 3 bureaus & great things they removed one of which is mine~!! debtcrisissolutions(dot)com
SilverMan6789 / October 22, 2009 8:58 pm
Ty so much Susan for this info!!! I called them ealrier today and they did sound very honost and ligit! They gave me a couple refferences who shared their success story with me and both of them got most of the debt eliminated in the first 3 months! Thanks
CybershulDotCom / November 8, 2009 3:05 am
Yawn. If you don’t like the terms pay cash. If you need a card (For internet use etc) get a Visa debit card…
Mardasee / November 11, 2009 3:49 am
Chapter 13?