Creditopics.com

Even if your credit cards are maxed out and you have a huge mortgage to pay off, you can still get rid of all your debt in about five to seven years - and begin rapid wealth-building - without sacrificing the things that matter most to you!

11 Responses

1. Smiley Says:
   November 4th, 2009 at 8:04 am 1

   Great sermon – but ….. you are preaching to the ‘gotta have it now’ crowd and….they don’t really care about possible consequences.

   The only person I can change is…Me. )

2. elove315 Says:
   November 7th, 2009 at 7:30 am 2

   short answer is that they are over-extending themselves. overspending based on “available” credit, not what’ in their pockets. The answer is to make a budget and stick to it.

3. sweety Says:
   November 9th, 2009 at 4:09 am 3

   ima a cashier at a restaurant and whenever ppl come up to pay I see they have like 15 credit card. ***? isn’t one or two enough. say they lost their wallet then they would have to like call each credit card company. common pplz

4. al Says:
   November 12th, 2009 at 3:59 pm 4

   People want a better lifestyle than they can afford and because of this instant gratification mentally people have developed they want what they want NOW and do not think about the bill that comes later and do not care until the repo man is knocking at the door. I see this as a worse threat to our country than any terrorists could ever be. We are destroying ourselves.

5. roger v Says:
   November 12th, 2009 at 7:53 pm 5

   Yes it is bad, but nowadays people love to live out of their means and this is the only way they can do it.

6. TaxGurl Says:
   November 13th, 2009 at 6:31 pm 6

   Easier said than done.

   When I got my first card, I did exactly what you suggested. I rarely, if ever, carried a balance from month to month. I charged very few things—just enough to show activity on the card to build my credit history.

   Then my employer went bankrupt and we were all laid off. I cut all the expenses I could and went on a strict budget. (not even a cell phone!) I found another job and that employer went out of business as well a year later. I stayed within my tiny budget (retail doesn’t pay very much) for all normal living expenses—rent, ramen noodles, etc. I didn’t eat out and didn’t spend money on cds and dvds. I stopped shopping for clothes at the trendy shops. This worked for the day to day expenses. The problems were when something unexpected like a big doctor’s bill or a car repair bill would come up. Then I would usually be forced to turn to the credit card. Several big unexpected and unavoidable things like that can easily tip you into credit card debt.

   To pull myself out of this trap, I went back to school to finish my degree which meant incurring even more debt for student loans. (I made too much for the Pell grant but not enough to live on, go figure!) Now that I have my degree, I have a much better paying job and career.

   I know all about responsible credit usage but life isn’t perfect. I never took a credit card to Best Buy and purchased an entire media room. But when you take your sick dog to the emergency vet and they tell you that it will be $1200, there isn’t much you can do except reach for the Visa

7. twisted b Says:
   November 16th, 2009 at 7:01 pm 7

   for debt elimination i always recommend going to this site – in my experience it’s the best by far.

8. Sky Has No Limit Says:
   November 17th, 2009 at 5:40 pm 8

   I sincerely appreciate the fact stated by you and to be honest even I am one of the fool who got trapped and trying to come out slowly.

9. Quiet Storm Says:
   November 21st, 2009 at 1:26 am 9

   because they want what they want when they want it. we are not taught to save money and then buy. we are taught to apply now, then cry later. i stopped using credit cards for almost a year now and it’s been great.

   advertisers make it seem so easy to get what you want and pay it off later, until an emergency comes up then you can’t and they’ve got you.

10. Studly Says:
    November 23rd, 2009 at 7:07 am 10

    My question to you is: Why do credit card companies continue to blindly give out credit cards to people without checking their finances?

    Does it make sense to you to give a credit card to someone who already has several loans and their combined minimum payments is over 50% of their income? Would any sane person give credit to someone under this situation?

    This is exactly who credit card companies go after though. Who’s fault is it?

11. Whootziedude Says:
    November 26th, 2009 at 6:23 pm 11

    I just noticed you addressed me directly in another post, so I found this questions and others you have asked.

    You will be interested to know that I am a father of four, that I still support Shawn Hornbeck’s parents, that I pay off my credit cards each month and if I can’t, I cancel the card and do without until it’s paid, I served in Iraq, and I love America. Glad you are enjoying your time on answers…just don’t assume that the answers you see are from kids, and don’t assume that people with different opinions aren’t as smart.

Leave a Answer