Comments on: I Do Not Use Credit Cards http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 11:44:22 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Hate credit cards http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-176740 Hate credit cards Tue, 06 Oct 2009 15:57:54 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-176740 I hate credit cards. They seem like a hassle. I used to have one and like others I was responsible and paid it off right away. Then I realized it was just as easy to pay with cash and not have to bother with the middle man (credit card). It was just one unnecessary bill I had to pay. Cash rules and where I can't use cash, I have a debit card. I agree with this article 100%. I hate credit cards. They seem like a hassle. I used to have one and like others I was responsible and paid it off right away. Then I realized it was just as easy to pay with cash and not have to bother with the middle man (credit card). It was just one unnecessary bill I had to pay. Cash rules and where I can’t use cash, I have a debit card. I agree with this article 100%.

]]> By: Christi Pemberton http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-176689 Christi Pemberton Mon, 05 Oct 2009 15:39:36 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-176689 I think that Larson Moraes and others who agree with him missed the boat on this one. You can be a responsible person with a credit card, but that does not mean that you will not find yourself in a hole, as many people with perfect credit and using credit cards responsibly are having their interest rates go higher as well, due to credit cards running scared from the upcoming legislation...this is all proven as we receive news reports from consumers on how the credit card companies are now going after the "responsible" consumers to get more money. So, do not think that you are immune from this just because you pay your credit card every month. Some people do not realize that it is not about how wonderful you are with paying off your balance every month, because every other week we hear in the news that those same wonderful people are experiencing the same treatment as others who were not as responsible. So, the best way to go is to not use credit cards, unless you are really in an emergency situation. When you use a credit card, or think you need one, you are using a crutch. What is the point of having a credit card, something that will add interest to your balance if you make one mistake in paying late, or raising your rates for no reason? If a debit card can work just as well, and a debit card comes with less risks than a credit card, then why not use a debit card? A debit card can not raise your interest rate at the drop of a hat. Paying by cash is great as well...actually more admirable than flashing a credit card, or feeling like you "just have to have one". Unless you need a card for an emergency, if you just have to have a credit card, then you are indeed addicted to that lifestyle, even though you may make your payments every month. So I say, don't use it, use cash and debit. I think that Larson Moraes and others who agree with him missed the boat on this one. You can be a responsible person with a credit card, but that does not mean that you will not find yourself in a hole, as many people with perfect credit and using credit cards responsibly are having their interest rates go higher as well, due to credit cards running scared from the upcoming legislation…this is all proven as we receive news reports from consumers on how the credit card companies are now going after the “responsible” consumers to get more money. So, do not think that you are immune from this just because you pay your credit card every month. Some people do not realize that it is not about how wonderful you are with paying off your balance every month, because every other week we hear in the news that those same wonderful people are experiencing the same treatment as others who were not as responsible. So, the best way to go is to not use credit cards, unless you are really in an emergency situation. When you use a credit card, or think you need one, you are using a crutch. What is the point of having a credit card, something that will add interest to your balance if you make one mistake in paying late, or raising your rates for no reason? If a debit card can work just as well, and a debit card comes with less risks than a credit card, then why not use a debit card? A debit card can not raise your interest rate at the drop of a hat. Paying by cash is great as well…actually more admirable than flashing a credit card, or feeling like you “just have to have one”. Unless you need a card for an emergency, if you just have to have a credit card, then you are indeed addicted to that lifestyle, even though you may make your payments every month. So I say, don’t use it, use cash and debit.

]]> By: johnny from Miami http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-176367 johnny from Miami Tue, 29 Sep 2009 15:50:16 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-176367 Larson Moraes says: January 3, 2009 at 6:14 pm "So what you’re really saying is that you are leaving money on the table, right? And while I agree with you that people should live a debt-free life, I disagree with you on the approach that “all credit cards are evil”. I pay everything, and I mean everything with my credit card throughout the month. Once the bill comes though, it is paid in full. Not only doing this provides an additional safety feature (should I ever want to dispute a charge), but this also raises my cash back rewards. As a matter of fact, in 2008 alone, my TOTAL money back received from three credit cards totalled more than $2.200.!!!! And oh by the way, I do live a completely debt-free life too!" "Jason says: May 12, 2008 at 2:10 pm “I miss out on cash back, rebates, and credit card rewards. Oh well.” Yeah, oh well. I pay all of my credit card bills in full every month because I’m a responsible spender, and I get hundreds of dollars back a year for paying all of my utilities, medical and dental fees, etc. on a rewards card. If you need to use cash to be a responsible spender, you’re probably smart enough to use a credit card responsibly. If you’re irresponsible it probably doesn’t matter if you carry cash or not." Okay Einstein and Sherlock, Your comments are very valid and yes, I've heard them many times from other people. Let me give you a scenario that happen to a known citizen. A family of four, stable income, vehicles on credit, big house on credit, furniture on credit and the list goes on. They paid their credit on time being well organize and responsible with credit card payment. Suddenly one of their kids gets sick. Small boy of six years is diagnose with cancer. Not only is treatment expensive but one of the parent has to quit their job in order to take care of their child at home. Health insurance company does not cover expenses. You feeling were I'm going with this? Debt starts pilling, they have to sell the house, they have to sell a cars and return them to the dealer, they have to spend less and take care of the [unfortunate situation]. And now they own more then 100,000 dollars on credit card bills +. You see, folks, some people can lose it all at sun rise. Not only is depending on credit a loss but the desperation grows largely. The father shot himself. He preferred to kill himself then to see his kid die slowly. It's not about being responsible. It's life being life. Sometimes you just don't know. That is why you do not buy things you do not need because all you need in life is to enjoy it and leave healthy. Larson Moraes says:
January 3, 2009 at 6:14 pm
“So what you’re really saying is that you are leaving money on the table, right? And while I agree with you that people should live a debt-free life, I disagree with you on the approach that “all credit cards are evil”. I pay everything, and I mean everything with my credit card throughout the month. Once the bill comes though, it is paid in full. Not only doing this provides an additional safety feature (should I ever want to dispute a charge), but this also raises my cash back rewards. As a matter of fact, in 2008 alone, my TOTAL money back received from three credit cards totalled more than $2.200.!!!!

And oh by the way, I do live a completely debt-free life too!”

“Jason says:
May 12, 2008 at 2:10 pm

“I miss out on cash back, rebates, and credit card rewards. Oh well.”

Yeah, oh well. I pay all of my credit card bills in full every month because I’m a responsible spender, and I get hundreds of dollars back a year for paying all of my utilities, medical and dental fees, etc. on a rewards card.

If you need to use cash to be a responsible spender, you’re probably smart enough to use a credit card responsibly. If you’re irresponsible it probably doesn’t matter if you carry cash or not.”

Okay Einstein and Sherlock,

Your comments are very valid and yes, I’ve heard them many times from other people. Let me give you a scenario that happen to a known citizen.
A family of four, stable income, vehicles on credit, big house on credit, furniture on credit and the list goes on. They paid their credit on time being well organize and responsible with credit card payment.
Suddenly one of their kids gets sick.
Small boy of six years is diagnose with cancer. Not only is treatment expensive but one of the parent has to quit their job in order to take care of their child at home. Health insurance company does not cover expenses.

You feeling were I’m going with this?

Debt starts pilling, they have to sell the house, they have to sell a cars and return them to the dealer, they have to spend less and take care of the [unfortunate situation].
And now they own more then 100,000 dollars on credit card bills +.

You see, folks, some people can lose it all at sun rise. Not only is depending on credit a loss but the desperation grows largely.
The father shot himself. He preferred to kill himself then to see his kid die slowly. It’s not about being responsible. It’s life being life.
Sometimes you just don’t know. That is why you do not buy things you do not need because all you need in life is to enjoy it and leave healthy.

]]> By: Tam http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-163715 Tam Thu, 11 Jun 2009 18:50:10 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-163715 I'm with you...it's been 3 years for me w/o credit cards. I had to learn the hard way but I've learned. Nice to find like minded people. I’m with you…it’s been 3 years for me w/o credit cards. I had to learn the hard way but I’ve learned. Nice to find like minded people.

]]> By: Tam http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-163714 Tam Thu, 11 Jun 2009 18:49:31 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-163714 I'm with you...it's been 3 years for me w/o credit cards. I had to learn the hard way but I've learned. Nice to find like mindd people. I’m with you…it’s been 3 years for me w/o credit cards. I had to learn the hard way but I’ve learned. Nice to find like mindd people.

]]> By:   A 10 Step Outline Of Our Financial Plan by No Credit Needed http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-159462   A 10 Step Outline Of Our Financial Plan by No Credit Needed Tue, 05 May 2009 19:07:46 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-159462 [...] in my wallet, and just leaving it there, taught me to live on the money that I actually make.  I do not like credit cards, and I am of the firm belief that most people would be better off without [...] [...] in my wallet, and just leaving it there, taught me to live on the money that I actually make.  I do not like credit cards, and I am of the firm belief that most people would be better off without [...]

]]> By: Larson Moraes http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-141759 Larson Moraes Sat, 03 Jan 2009 23:14:15 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-141759 The author of the blog above said the following and I quote: "I miss out on cash back, rebates, and credit card rewards. Oh well.". So what you're really saying is that you are leaving money on the table, right? And while I agree with you that people should live a debt-free life, I disagree with you on the approach that "all credit cards are evil". I pay everything, and I mean everything with my credit card throughout the month. Once the bill comes though, it is paid in full. Not only doing this provides an additional safety feature (should I ever want to dispute a charge), but this also raises my cash back rewards. As a matter of fact, in 2008 alone, my TOTAL money back received from three credit cards totalled more than $2.200.!!!! And oh by the way, I do live a completely debt-free life too! The author of the blog above said the following and I quote: “I miss out on cash back, rebates, and credit card rewards. Oh well.”.

So what you’re really saying is that you are leaving money on the table, right? And while I agree with you that people should live a debt-free life, I disagree with you on the approach that “all credit cards are evil”. I pay everything, and I mean everything with my credit card throughout the month. Once the bill comes though, it is paid in full. Not only doing this provides an additional safety feature (should I ever want to dispute a charge), but this also raises my cash back rewards. As a matter of fact, in 2008 alone, my TOTAL money back received from three credit cards totalled more than $2.200.!!!!

And oh by the way, I do live a completely debt-free life too!

]]> By: Larry http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-117965 Larry Sat, 28 Jun 2008 22:15:13 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-117965 No credit cards for me either. I love paying with cash. When I'm standing inline watching people pay with credit cards, I'm thinking "what a pathetic way to go through life." I'm financially free and sleep great at night. No credit card bills or worries for me! No credit cards for me either. I love paying with cash. When I’m standing inline watching people pay with credit cards, I’m thinking “what a pathetic way to go through life.” I’m financially free and sleep great at night. No credit card bills or worries for me!

]]> By: Jason http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-107344 Jason Mon, 12 May 2008 18:10:17 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-107344 "I miss out on cash back, rebates, and credit card rewards. Oh well." Yeah, oh well. I pay all of my credit card bills in full every month because I'm a responsible spender, and I get hundreds of dollars back a year for paying all of my utilities, medical and dental fees, etc. on a rewards card. If you need to use cash to be a responsible spender, you're probably smart enough to use a credit card responsibly. If you're irresponsible it probably doesn't matter if you carry cash or not. “I miss out on cash back, rebates, and credit card rewards. Oh well.”

Yeah, oh well. I pay all of my credit card bills in full every month because I’m a responsible spender, and I get hundreds of dollars back a year for paying all of my utilities, medical and dental fees, etc. on a rewards card.

If you need to use cash to be a responsible spender, you’re probably smart enough to use a credit card responsibly. If you’re irresponsible it probably doesn’t matter if you carry cash or not.

]]> By: Surviving on Credit Cards | The Finance Blog http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/comment-page-1/#comment-106740 Surviving on Credit Cards | The Finance Blog Fri, 09 May 2008 14:24:50 +0000 http://www.ncnblog.com/2007/01/18/i-do-not-use-credit-cards/#comment-106740 [...] Americans are not able to afford the lifestyles they either had or thought they could through the use of credit, at least credit other than the plastic cards we, as a country, are so fond of. With the reality of [...] [...] Americans are not able to afford the lifestyles they either had or thought they could through the use of credit, at least credit other than the plastic cards we, as a country, are so fond of. With the reality of [...]

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