Comments on: The Descent into Credit Card Debt

By: Credit Card Debt Girl

Credit Card Debt Girl — Tue, 20 Oct 2009 14:42:45 +0000

Interesting post. Most days I feel like I’ll never catch up with my huge credit card debt. It’s like the never-ending nightmare. Interest rate is ridiculous.

By: els ct

els ct — Wed, 23 Sep 2009 13:55:18 +0000

Credit card debts are like cancer. Cure is slow and painful. You undergo “chemo”, at the expense of losing sleep and hair.

Wait a minute – there is hope!!!
1st – discuss with your bankers/credit card issuer
2nd – suggest a longer repayment programme or convert into a term loan
3rd – request for a flexible repayment scheme based on your cashflow/income
4th – restrain from using anymore cards i.e pay cash for everything, otherwise, don’t spend when you don’t have the money.

1 like

By: Gail Cavanaugh

Gail Cavanaugh — Mon, 24 Aug 2009 18:12:18 +0000

If more people, including students larn how interest accrues on credit card debt, they would probably not skip payments or charge so many purchases.

By: credit card charges

credit card charges — Sat, 15 Aug 2009 18:50:59 +0000

It’s essential to stay on top of your finances, otherwise it is a spiral of debt due to the high interest rates these credit card providers charge.

By: Deanna

Deanna — Thu, 13 Aug 2009 12:43:33 +0000

how?

By: Alessandro Machi

Alessandro Machi — Sun, 12 Jul 2009 05:24:33 +0000

Jamie Dimon is wrong when he states that he is helping 2 million Chase Customers get out of debt quicker. It will actually take longer for Chase Customers to get out of debt if they are forced to pay down their lower interest rate cards first.

If he doesn’t understand such a basic principle, he should not be a on the board of directors for Chase Bank, he should step down.

http://www.bloggersagainstchasebank.com
http://www.daily-protest.com

By: Alessandro Machi

Alessandro Machi — Thu, 09 Jul 2009 20:24:18 +0000

You witness a conversation between two people. One person says to the other, I am on a diet to lose 50 pounds.

The second person responds, “I’m sure plenty of people already told you not to eat ice cream, not to eat after 6 pm, to exercise everyday, and and and…

Do you see the disconnect here? It is as if some people just have to say “I told you so” even when the other person has already started the task of cleaning up their lives. In the case of Chase Bank, they basically have taken on the role of the judger that just wants to act like they are doing the customer a favor and that they are scum for having debt.

Scum labels should be reserved for people who run up debt with no intention of ever paying it off. To clump the 2 million Chase Bank customers into that same ilk is just wrong. Chase Bank is wrong for so many reasons I had to start a second blog just to fit them all in.

http://www.daily-protest.com
http://www.bloggersagainstchasebank.com

By: Sunny

Sunny — Tue, 07 Jul 2009 17:07:11 +0000

I sometimes forget to pay invoices on time. I didn’t it was affecting our credit so badly. I finally resolve my problem this way: I register for auto-payment using a credit card. For everthing I have to pay. And for most of my credit cards, I set up a minimum auto-payment through my banking account.

By: andy

andy — Mon, 06 Jul 2009 20:29:30 +0000

Great pic and as discuss in this article ( http://www.savingtoinvest.com/2009/06/negotiating-down-your-credit-card-debt.html ) there is now hope to lower your debt by negotiating with lenders.

By: Michael Sitarzewski

Michael Sitarzewski — Mon, 06 Jul 2009 17:40:38 +0000

@QuickLoanOnline NEED? Please. Use a Visa debit card and you get the same protection as a credit card without the finance charges. There is no NEED to have a credit card any more than there’s a NEED to have debt. No one needs it, and everyone should get rid of both in their lives. Your handle suggests you’re biased on this matter.