How Bad Is It???

[justplugit]

Originally Posted by Karl F

the level of debt, is a factor, in your credit rating, and effects the interest rate as well.

Karl nailed it.
You can get a free credit check every year on the web where you are rated by points as to your credit worthiness. They take into account all your timely or untimely payments on debt.

The credit card companies have done everything possible to get younger people
into their grasp. The average credit card debt is something like $15,000-$20,000.

Even when you pay your card in full each month, which can be a good thing as some cards offer 5% on gas, groceries and drugstores, watch the due date as they will change it from time to time and unless you see it and pay it on time they love hitting you with the late fee.

Most important thing anyone who has credit debt is pay it down ASAP, the interest rates are outrageous. Then back to economics 101, don't buy anything unless you can pay for it in cash.

[Striperknight]

Last weekend we collected food donations for the Cub Scouts. Let me say between last year and this year it was a huge difference.
Not many people gave food this year. I was disappointed in my fellow townsfolk.

[striperman36]

I'll be interested to see what happens in Mansfield on Saturday, Last year we prepared holiday meals, with turkeys for over 1500 familes. Filled almost 2/3 of the St Mary's gym floor with baskets of goods to be delivered the following Wednesday.

[Joe]

I'm stealing more stuff than normal.

[FishermanTim]

Originally Posted by justplugit

...
Even when you pay your card in full each month, which can be a good thing as some cards offer 5% on gas, groceries and drugstores, watch the due date as they will change it from time to time and unless you see it and pay it on time they love hitting you with the late fee.

Most important thing anyone who has credit debt is pay it down ASAP, the interest rates are outrageous. Then back to economics 101, don't buy anything unless you can pay for it in cash.

They have a sneaky habit of ALWAYS making the due date on weekends. If you read their "fine print" regarding payment processing, you see that if your payment is received after a certain time of a Friday, they won't process it until Monday.
Note - that time is ususally in the early afternoon!

Also note that paying the balance down will decrease your monthly payment, but the ONLY way to have your rate decreased would be to threaten to close your account.
They will bump up your rate, even if it's their fault, but aren't as quick to drop the rate unless YOU take action.
Credit card companies, as a whole, SUCK!