Question: Another one here. Hoping this is my last bout with credit cards due to illness. My wife is now working for Walmart and the insurance just kicked in. I have run up over $30,000 in credit cards just to get though this. Now I can attack them. I cringe every time I have to use one. Hopefully I won’t get caught up in the trap anymore with any preexisting stuff. If I had not been a but frugal about our lifestyle the $30,000 could have been just the tip of the iceberg. I am pretty hopeful I can wipe it out in 7 years. As much as I hate it I have my eyesight and my health now. I just swapped some around to get into lower rates. But not closing out the accounts. I got stuck last year swapping when one card I had went from 12% to 22%. I called them up, although they acknowledged that I had always paid on time and always more than the minimum for 5 years, they know consider me a bad risk. So I keep a card for backup now. Everyone has their reasons for being in debt, I am not a person who spends any money as I want to get into saving for retirement. And it is getting late for me. The credit cards got me through a bad time, now I want to be rid of them.
Answer:
Another one here. Hoping this is my last bout with credit cards due to illness. My wife is now working for Walmart and the insurance just kicked in. I have run up over $30,000 in credit cards just to get though this. Now I can attack them. I cringe every time I have to use one. Hopefully I won’t get caught up in the trap anymore with any preexisting stuff. If I had not been a but frugal about our lifestyle the $30,000 could have been just the tip of the iceberg. I am pretty hopeful I can wipe it out in 7 years. As much as I hate it I have my eyesight and my health now. I just swapped some around to get into lower rates. But not closing out the accounts. I got stuck last year swapping when one card I had went from 12% to 22%. I called them up, although they acknowledged that I had always paid on time and always more than the minimum for 5 years, they know consider me a bad risk. So I keep a card for backup now. Everyone has their reasons for being in debt, I am not a person who spends any money as I want to get into saving for retirement. And it is getting late for me. The credit cards got me through a bad time, now I want to be rid of them.
Related posts:
- Unemployed – Credit Card Debt – Bankruptcy? Consolidation Loan? What?
- Help with debt and credit card consolidation
- Does credit card balance affect credit ratings?
- Please help – I need to get my credit card debt under control
- Credit Card Jumping
- Suspended Credit Card: Effect on credit?
- HELP: Buying a card with a credit card?
- credit card debt
- credit card debt
- Credit card “new balance”
- Unemployment has left me with quite a bit of credit card debt
- best credit card airline