19 Responses to Video – Dealing with Credit Card Debt
omer008
September 4, 2008 | 11:06 am
I didn’t say it’s a theory. It’s a fact. Why do you think in the USA you the colour coded “threat alert”? Happy people are not easy to govern because happy people can think properly but frightened people do as they are told. Why does the government allow credit card companies to run their business when everyone knows that credit cards are the major cause of bankruptcies, debt, stress and many other problems.
abudabit
September 5, 2008 | 12:42 am
That’s the most retarded conspiracy theory I have ever hurt. Anxious, frightened people are NOT easy to govern. Happy people are easy to govern. Credit cards are created to make profit for credit card companies. They are not there as part of some big conspiracy.
omer008
September 6, 2008 | 6:21 pm
I had an Amex business charge card with “unlimited” spending limit. Credit cards are designed to put people and the country in debt. Debt creates fear and breaks a person’s morale. Frightened people with weak morale are easy to govern. Nation in debt is a nation easy to govern. These are the words of a very wise man
calonpilot88
September 8, 2008 | 12:44 pm
Thank you for this video !!! lucky I pay off my credit card sooner !!! please people beware of Credit card , I know it sounds great to have one because it’s common sense ,you might think you can spent for goods or something you wish before. but it’s get you into debt trap !!! so beware
whitecollarcriminal
September 10, 2008 | 2:53 pm
the only logic in using credit cards is that #1 if you pay it off before interest is applied, there really is no problem and you don’t have to carry outrageous sums of cash when you go shopping.
#2 companies act funny ONCE THEY GET YOUR CASH.
With credit cards, you can negotiate returns that you might normally not get back if you pay cash. Keep in mind, some stores have some shady return practices while many credit card companies are willing to fight for their customers.
whitecollarcriminal
September 11, 2008 | 6:36 am
LOL, my credit statement claims I made $2983 in charges…
made $3154 in payments.
whitecollarcriminal
September 11, 2008 | 6:11 pm
I looked up my finance charges from June 1 2006 – July 1 2008.
I’ve paid over $275 in that time on a balance lower than $1000.
I’ve currently got a finance charge of $3.33 on a $237 balance.
I’m gonna pay this whole fuckin thing off ASAP. I can’t believe they got me for that much money.
whitecollarcriminal
September 14, 2008 | 1:11 am
My AMEX card used to have a balance of about $1000 at any time and then I took $500 and paid directly towards the PRinciple.
Amex didn’t like it so they reduced my credit to $700. Now I have a $237 balance.
I could be wrong but I think for the time I’ve had Amex BLUE, I’ve paid around $200 (max) in service fees and finance charges.
The thing that compelled me to pay it off was the fact that those bastards will charge you a $30 late fee when my miin payment is just $15. So far, no lates
whitecollarcriminal
September 15, 2008 | 10:37 am
I’m about to payoff my AMEX card – $237
Of course, that’s just for the moment. I still have a $26,000 car payoff.
agentmuller80
September 16, 2008 | 7:25 am
USE cash….if you dont have the money dont buy it. I see too many embiciles paying for a $5 item with a credit card. I’m sick of it!
Melker63
September 17, 2008 | 10:02 am
Quote: “Your calculation does not take into considearation the fact that the pricipal is reduced by $16.67 every month.”
Oh yes – he does take that into consideration. About 4:20 into the video: “$29000 – but it gets a sliding scale, so I average it out to about $20000″.
CREDITCARDSUPERDEAL
September 20, 2008 | 3:50 pm
Credit card deals are tough to get. I would look around. Do not just get done.
kevinkevin554
September 21, 2008 | 11:52 am
Informative post..2 comments:
- Your calculation does not take into considearation the fact that the pricipal is reduced by $16.67 every month. So it will take less time and will cost less to repay than your calculation.
- The Usury law rate depends on the state. And credit cards are mostly located where this rate is high(SD repented the max on interst rate to attract companies in the 90s. many CRDT card companies moved to SD in the to survive!! )
CreditCards4ALL
September 24, 2008 | 10:29 am
I can help you apply for a credit card online, even if you have a bad credit.
Apply for a credit card online in 5 minutes!
afodis
September 26, 2008 | 11:33 am
Well done mate. Off course the bottom line is that people that are in debt simply deserve it because they want to have everything right now. The key is to wait untill you have cash to buy what you need. A car or a house is a different matter of couise but things like daily shoppin is no excuse.
spiritualking
September 28, 2008 | 11:20 pm
good job ..
Justy330
September 30, 2008 | 5:52 am
Boy I never knew any of this.
gurscheA1
September 30, 2008 | 11:36 pm
Excellent video on usury. All Americans should be more informed and unite to stop people being manipulated and raped. This is pandering to peoples weaknesses. Jesus needs to return and stop this practice. We wonder why people go nuts and get stress related illnesses. Churches need to help lend to people and counsel them so they can live better.
I didn’t say it’s a theory. It’s a fact. Why do you think in the USA you the colour coded “threat alert”? Happy people are not easy to govern because happy people can think properly but frightened people do as they are told. Why does the government allow credit card companies to run their business when everyone knows that credit cards are the major cause of bankruptcies, debt, stress and many other problems.
That’s the most retarded conspiracy theory I have ever hurt. Anxious, frightened people are NOT easy to govern. Happy people are easy to govern. Credit cards are created to make profit for credit card companies. They are not there as part of some big conspiracy.
I had an Amex business charge card with “unlimited” spending limit. Credit cards are designed to put people and the country in debt. Debt creates fear and breaks a person’s morale. Frightened people with weak morale are easy to govern. Nation in debt is a nation easy to govern. These are the words of a very wise man
Thank you for this video !!! lucky I pay off my credit card sooner !!! please people beware of Credit card , I know it sounds great to have one because it’s common sense ,you might think you can spent for goods or something you wish before. but it’s get you into debt trap !!! so beware
the only logic in using credit cards is that #1 if you pay it off before interest is applied, there really is no problem and you don’t have to carry outrageous sums of cash when you go shopping.
#2 companies act funny ONCE THEY GET YOUR CASH.
With credit cards, you can negotiate returns that you might normally not get back if you pay cash. Keep in mind, some stores have some shady return practices while many credit card companies are willing to fight for their customers.
LOL, my credit statement claims I made $2983 in charges…
made $3154 in payments.
I looked up my finance charges from June 1 2006 – July 1 2008.
I’ve paid over $275 in that time on a balance lower than $1000.
I’ve currently got a finance charge of $3.33 on a $237 balance.
I’m gonna pay this whole fuckin thing off ASAP. I can’t believe they got me for that much money.
My AMEX card used to have a balance of about $1000 at any time and then I took $500 and paid directly towards the PRinciple.
Amex didn’t like it so they reduced my credit to $700. Now I have a $237 balance.
I could be wrong but I think for the time I’ve had Amex BLUE, I’ve paid around $200 (max) in service fees and finance charges.
The thing that compelled me to pay it off was the fact that those bastards will charge you a $30 late fee when my miin payment is just $15. So far, no lates
I’m about to payoff my AMEX card – $237
Of course, that’s just for the moment. I still have a $26,000 car payoff.
USE cash….if you dont have the money dont buy it. I see too many embiciles paying for a $5 item with a credit card. I’m sick of it!
Quote: “Your calculation does not take into considearation the fact that the pricipal is reduced by $16.67 every month.”
Oh yes – he does take that into consideration. About 4:20 into the video: “$29000 – but it gets a sliding scale, so I average it out to about $20000″.
Credit card deals are tough to get. I would look around. Do not just get done.
Informative post..2 comments:
- Your calculation does not take into considearation the fact that the pricipal is reduced by $16.67 every month. So it will take less time and will cost less to repay than your calculation.
- The Usury law rate depends on the state. And credit cards are mostly located where this rate is high(SD repented the max on interst rate to attract companies in the 90s. many CRDT card companies moved to SD in the to survive!! )
I can help you apply for a credit card online, even if you have a bad credit.
Apply for a credit card online in 5 minutes!
Well done mate. Off course the bottom line is that people that are in debt simply deserve it because they want to have everything right now. The key is to wait untill you have cash to buy what you need. A car or a house is a different matter of couise but things like daily shoppin is no excuse.
good job ..
Boy I never knew any of this.
Excellent video on usury. All Americans should be more informed and unite to stop people being manipulated and raped. This is pandering to peoples weaknesses. Jesus needs to return and stop this practice. We wonder why people go nuts and get stress related illnesses. Churches need to help lend to people and counsel them so they can live better.
Hmm… Very informative video.