Re: Providiots trying to raise my interest again and rant

This is exactly what I need to do! although we own everything outright (no
morgage or anything) we owe on 3 cards and tackling the big one first seems
like a mountain to climb. thanks for the idea to freedom Steff!

--
:) Lynn
OF+MMMMM
Leaper!

"Medic1455" <medic1455@xxxxxxxxx> wrote in message
news:GdadnZJQLsj9XHrfRVn-iA@xxxxxxxxxx
>I did it the exact opposite of you Bluey...
> I started with the smallest balance on my cards
> and then killed those one at a time until I had
> only my largest balance left. Each time
> I killed a card, I would close down the account
> and take the payment I was
> making to that card and add it to the payment of
> the next lowest balance card....Once that was paid off,
> I would take that payment and add it to the
> next...Before I knew it, I was taking all the
> payments of my previous cards and adding
> it to my big balance card...Took me about
> 3 years to kill 25K in credit card debt.
>
> I closed down ALL of my department store
> cards and lowered the limits on my remaining
> 2 cards...My discover is at 8500 limit (They
> just raised it from 3500 so I need to lower it
> again) and my visa has a 3000 limit...
> Down from 15K and 10 K respectively...
>
>
> Now I only use discover to get the cash back,
> and itemize where I'm spending my money...
> I pay it off each month.
>
> --
> Steff
> Medic1455
> 3/4 DOF....OF+HOF+QOF!
> Yeah, that's 1 year and 9 months of
> no cancer sticks!
>
> "BLueCoBra" <bluecobra@*nospam*intergate.com> wrote in message
> news:11edb9eln350jb3@xxxxxxxxxxxxxxxxxxxxx
>> Figure out how much you would've paid for cigarettes in a week and have
>> that
>> amount direct deposited from your paycheck into a new account, one that
>> you
>> won't use for anything else. Use that ONLY to pay off your debts. Start
>> with
>> the card that has the highest interest and/or balance. Work on that one
>> until it's down to zero, cut up that card and then move on to next
>> highest
>> interest/balance card and repeat.
>> When you knock off all your cards, DO NOT CHARGE anything anymore (unless
>> you can handle a monthly c. card like American Express and only use it
>> for
>> essentials like gas or food).
>>
>> Keep the direct deposit going and build up the amount in bank
>> account.....
>> OR stop dir deposit going into bank account and open up an account at
>> sharebuilder.com.
>> Have same amount of money direct deposited into that instead.
>> Pick stocks that are going to do good for the long haul (do your own
>> research, pick what you're comfortable with)
>> Wait for Real Estate crash in a few more years, buy one or two multi-unit
>> investment properties and be a millionaire by the time you retire.
>>
>> BC
>> ('cause I'm doin' that too!)
>>
>> Did It, Done It, Liked It, Loved It For 6M 2D 17h 26m 29s (183 days).
>> Stuffing my wallet with $298.55 by not smoking a big pile of 4,593
>> cigarettes. Regaining 2W 1D 22h 45m of my wunnerful life. I took control
>> of
>> my life on: 1/24/2005 12:30 AM HOF+
>> ¸,ø¤º°`°º¤ NAR Certified ¤º°`°º¤ø,¸
>>
>>
>> "Bryan" <bekberg@xxxxxxxxxxxxx> wrote in message
>> news:v6uFe.10$xT2.1@xxxxxxxxxxx
>>> Congrats Chuck.. Any advice on how to get debt free. My plan it's
>>> going
>> to
>>> take about 20 years. Lemme know.
>>> "Charles B. Summers" <charles_summers@xxxxxxxxxxx> wrote in message
>>> news:GaqdneQNYrwTyXvfRVn-oQ@xxxxxxxxxxxxxx
>>> > Proud to say that after some VERY hard times with the credit card
>>> > companies... that I'm Credit Card Free! Life is easier...Get rid of
>> those
>>> > things as soon as possible! I hate to hear about someone getting
>>> > screwed
>>> > like that!
>>> >
>>> >
>>> >
>>> > "Anne D." <anned@comcastDOTnet> wrote in message
>>> > news:lYGdnfQd-v_2rXvfRVn-ig@xxxxxxxxxxxxxx
>>> >> I've been thru that same nonsense with CC companies too - one CC I
>>> >> had
>>> >> for over 10 years abruptly changed my terms to payment due 16 days
>> after
>>> >> closing date, $29 late payment fee, and 21% interest. I got burned
>> once
>>> >> on the late payment fee, and I called them to terminate the card.
>>> >> They
>>> >> got all nice on me, changed payment terms, refunded the $29, and
>> dropped
>>> >> my interest rate to 5.9%.
>>> >>
>>> >> --
>>> >> Anne D.
>>> >> OF+9M
>>> >>
>>> >> "Bryan" <bekberg@xxxxxxxxxxxxx> wrote in message
>>> >> news:y0mFe.208$si5.134@xxxxxxxxxxx
>>> >>>I posted before about one of my credit cards raising my interest rate
>>> >>>from 8.9 to 21%. Now they want to raise it to the highest legal
>>> >>>limit
>>> >>>which is like 30%. Ok without getting in too much detail i have a
>>> >>>perfect payment record on all debts past and present, never paid a
>>> >>>bill
>>> >>>late in my life. I mean NEVER. So i have the option of opting out
>>> >>>and
>>> >>>closing my account and i'll be paying the 21%, which was 8.9 two
>>> >>>months
>>> >>>ago. Balance isn't that large, so it's not really a big deal money
>> wise.
>>> >>>Being an honest type person i am it really pisses me off. Them are
>> very
>>> >>>unethical business practices in my opinion. All it takes is a greedy
>>> >>>CEO. There is no reason for the greed of that company. I did
>>> >>>further
>>> >>>research they are notorious for unethical business practices like
>>> >>>that.
>>> >>>My advice don't do business with providian national bank. I'm
>> surprised
>>> >>>i noticed it in the statement. It was fine print, believe me, most
>> people
>>> >>>would've missed it.
>>> >>
>>> >
>>> >
>>>
>>>
>>
>>
>
>


.

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