Credit Cards Next On Block
 

I heard this on the Weekend that Credit Cards are going to be curtailed!
While that in itself is not bad (people are living on borrowed money) if it curtails personal spending it is another indicator things are going from "bad to worse".

Pay off your credit cards!

http://news.yahoo.com/s/nm/20081201/...ch_oppenheimer

Re: Credit Cards Next On Block
 

Yep... our economies are built on the acquisition of debt.

When debt availability is curtailed then people are not able to spend above their means and our economy is built on debt based spending.

Without continual increases in the availability of debt our unrealistic standard of living cannot be maintained.

This is going to be another serious reality check.

Re: Credit Cards Next On Block
 

Mine are PAID OFF!!!!

Re: Credit Cards Next On Block
 

Wooo! Hooo! That is great news!

A great feeling too!

Re: Credit Cards Next On Block
 

We have some at zero percent. I wonder what will happen there.

Re: Credit Cards Next On Block
 

The only card I ever use is my check debit card. If I can't pay cash for it, I don't get it.

Re: Credit Cards Next On Block
 

There is a man in the US who has asked the US for a bailout of his credit card crunch....

Re: Credit Cards Next On Block
 

I use AMX when I can.

Then I have a record of what I purchased and when.

Then I pay the one bill.

I start out each month with a ledger and I deduct from the ledger just like a checking account.

So I always know how much my AMX bill be and what I needed to budget..

Re: Credit Cards Next On Block
 

That is wise!
In Canada, it ain't much better, most Canadians are in hock to thier eyeballs!

Re: Credit Cards Next On Block
 

Reminds me of this commercial.

Funny... yet sad.

http://www.youtube.com/watch?v=hn5EP9StlVA