The Recession

Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009
The Recession
96
Tue, 02-23-2010 - 10:03am
Has the recession caused you to change your lifestyle, including the decision to SAH or WOH?

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“Wise men speak because they have something to say; Fools because they have to say something.”

Plato

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Avatar for mom34101
iVillage Member
Registered: 03-27-2003
Fri, 03-12-2010 - 7:07pm

We pay no fees and have never paid any interest, since we always pay our card off every month.

We earn cash for our kids' college funds through UPromise by using the card to pay for our expenses. It's a great deal.

iVillage Member
Registered: 05-10-2009
Fri, 03-12-2010 - 7:07pm

Yes the link makes sense. No one has disputed that. But the link doesn't apply to everyone.

iVillage Member
Registered: 03-08-2010
Fri, 03-12-2010 - 7:24pm

You can pay off your cc every month and still get the cash/rewards.


I also have done the 0%, no interest deals. That only works if you pay it off in time. Of course the cc company HOPES the consumer does not have the money to pay it in a year, 2 yrs or whatever the time period is so they make MAJOR interest.

iVillage Member
Registered: 01-15-2006
Fri, 03-12-2010 - 7:30pm
i've heard of UPromise, cool.

 

iVillage Member
Registered: 01-15-2006
Fri, 03-12-2010 - 7:31pm
i'll stop.

 

iVillage Member
Registered: 07-17-2007
Sat, 03-13-2010 - 6:50am

"and the other attractive thing i suppose is that you're only responsible for what, like, 1-2% every month all the while getting charged 10-20% + interest on the entire balance. attractive alright, no thanks. "

IF one pays off ones card every month and carry $0 over, there are NO - ZERO - NADA - ZIPPO interest charges.

Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009
Sat, 03-13-2010 - 7:37am
You do not get charged the 10-20% if you are all paid up.

~o~ ...^^^... ~o~

America had often been discovered before Columbus, but it had always been hushed up.

Oscar Wilde

Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009
Sat, 03-13-2010 - 7:40am

Right but if you pay the bill in full, every month, then there is no need to transfer anything to a 1-2 year 0% deal.

Some people think the credit card "bill" is the minimum you have to pay every month to keep the card.

Other people consider the credit card bill to be the whole amount charged that month. If you do not carry a balance forward to the next month, you pay no interest.

~o~ ...^^^... ~o~

America had often been discovered before Columbus, but it had always been hushed up.

Oscar Wilde

iVillage Member
Registered: 03-08-2010
Sat, 03-13-2010 - 9:11am
iVillage Member
Registered: 08-22-2009
Sat, 03-13-2010 - 10:14am
We have done those plans a couple of times in the past but we recently received a letter from the company that we have done it with and it said due to the new credit card laws companies can no longer offer no interest/no payment plans. They can still offer no interest plans but in order to get the no interest equal monthly payments must be done throughout the repayment time period. You can not longer make one complete payment at the end.


Edited 3/13/2010 11:10 am ET by emptynester2009

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