Comments on: Time To Attack Our Debt Again http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/ Our Journey to a Debt-Free Life Sat, 21 Nov 2009 08:35:00 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: John http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/comment-page-1/#comment-352455 John Mon, 28 Jan 2008 21:20:54 +0000 http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/#comment-352455 Congrats on the savings account! I think having and maintaining a savings account is the single biggest thing to promote financial security... it is that buffer that protects against needing a credit card. If I think back to my debt at origin, it really was a result of having a single unexpected expense and not being able to cover it... Which is why I find it amusing that the tax rebate that they have talked about in Congress, along with the one that Bush did soon after taking office, was carefully tabulated to be enough to do some good for the economy, but small enough that people would not be inclinded to spend it. They could give more, but are afraid we'd save it! Perish the thought! Congrats again Tricia, you remain an inspiration. Congrats on the savings account! I think having and maintaining a savings account is the single biggest thing to promote financial security… it is that buffer that protects against needing a credit card. If I think back to my debt at origin, it really was a result of having a single unexpected expense and not being able to cover it…

Which is why I find it amusing that the tax rebate that they have talked about in Congress, along with the one that Bush did soon after taking office, was carefully tabulated to be enough to do some good for the economy, but small enough that people would not be inclinded to spend it. They could give more, but are afraid we’d save it! Perish the thought!

Congrats again Tricia, you remain an inspiration.

]]> By: Matt http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/comment-page-1/#comment-350681 Matt Sun, 27 Jan 2008 15:47:11 +0000 http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/#comment-350681 It's amazing that you've been able to set aside that much money. I'm still struggling to keep up with my debts at least I'm managing to keep the wolves at bay so to speak and my minuscule savings are slowly growing. I think its time to do the same thing you did by concentrating on setting aside some emergency money. It’s amazing that you’ve been able to set aside that much money. I’m still struggling to keep up with my debts at least I’m managing to keep the wolves at bay so to speak and my minuscule savings are slowly growing. I think its time to do the same thing you did by concentrating on setting aside some emergency money.

]]> By: Ryan S. http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/comment-page-1/#comment-349716 Ryan S. Sun, 27 Jan 2008 02:44:08 +0000 http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/#comment-349716 Go Tricia! Hitting your debt (and hard!) is the best way to get a high guaranteed return on your money. Paying off a 19% card is like getting a 19% return on an investment! - Ryan http://uncommon-cents.net/ Go Tricia! Hitting your debt (and hard!) is the best way to get a high guaranteed return on your money. Paying off a 19% card is like getting a 19% return on an investment!
-
Ryan
http://uncommon-cents.net/

]]> By: Credit Card News http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/comment-page-1/#comment-348920 Credit Card News Sat, 26 Jan 2008 20:13:37 +0000 http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/#comment-348920 Some credit card companies are worse than others when it comes to 'magically' raising your interest rates. But luckily, recent congressional action has pressured some issuers to eliminate abusive practices such as 'universal default' fees and others. But there's still much room for improvement... Some credit card companies are worse than others when it comes to ‘magically’ raising your interest rates. But luckily, recent congressional action has pressured some issuers to eliminate abusive practices such as ‘universal default’ fees and others. But there’s still much room for improvement…

]]> By: Cheryl http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/comment-page-1/#comment-348837 Cheryl Sat, 26 Jan 2008 19:24:28 +0000 http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/#comment-348837 Silly me. I assumed with the fed lowering the rate, that card rates may go down a smidge.....! Oh well.....makes me that much more determined to do everything I can to pay the dern thing off! Silly me. I assumed with the fed lowering the rate, that card rates may go down a smidge…..! Oh well…..makes me that much more determined to do everything I can to pay the dern thing off!

]]> By: Carol Rice http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/comment-page-1/#comment-348766 Carol Rice Sat, 26 Jan 2008 18:34:09 +0000 http://www.bloggingawaydebt.com/2008/01/time-to-attack-our-debt-again/#comment-348766 I hear you on that! The card I paid off with my tax refund had magically risen to 29.99%! I assumed it was a default rate (I was one day late on a payment when we moved), but when I called they said it was due to the "amount of debt". I informed the lady that I had just scheduled a payment to clear the balance, and asked if I should expect that to lower my rate. She said I could call back and ask them to lower it, but there were no guarantees and it "CERTAINLY wouldn't be automatically lowered." Oh heaven forbid... I hear you on that! The card I paid off with my tax refund had magically risen to 29.99%! I assumed it was a default rate (I was one day late on a payment when we moved), but when I called they said it was due to the “amount of debt”.

I informed the lady that I had just scheduled a payment to clear the balance, and asked if I should expect that to lower my rate. She said I could call back and ask them to lower it, but there were no guarantees and it “CERTAINLY wouldn’t be automatically lowered.” Oh heaven forbid…

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