Crushed by rising credit-card rates? ...

Crushed by rising credit-card rates? You can fight

There are 36 comments on the Orlando Sentinel story from Apr 29, 2009, titled Crushed by rising credit-card rates? You can fight. In it, Orlando Sentinel reports that:

Sarah Jones recently failed to make a credit-card payment on time - her first miss in years.

Join the discussion below, or Read more at Orlando Sentinel.

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ut oh

Orlando, FL

#25 Apr 30, 2009
"Credit-card debt is the No.1 reason people are filing bankruptcy these days," said Royal"

That's not true. It's medical costs that are bankrupting Americans.
WTH

Oviedo, FL

#26 Apr 30, 2009
They're crooks. Don't charge more than you can afford to pay off at the end of the month. Just don't do it. If you do, you make the criminal-credit-card companies your boss.
Bubba

Orlando, FL

#27 Apr 30, 2009
I personally love Citi. I have a card with them that I earn points for every purchase I make. To date I have cashed in my points for 4 flights for vacations (approx value $2000) and it has not cost me a dime. You have to be diligent in paying off the entire balance every month so you pay no interest. I look at it this way, they paid me $2000 to use their card, so there is actually a way to make money from them so to speak.

It boils down to this, live within your means. When I go to use my plastic, I always ask myself this one simple question, "Can I pay for this at the end of the month?" If the answer is no, I do without it. This thinking has worked for me for 20+ years. Sure, I do w/o some things from time to time, but I can pay all my bills at the end of the month and my money does not go to support those fat bastard bank execs.
libby

Titusville, FL

#28 Apr 30, 2009
soflokid wrote:
<quoted text>News flash! Save the money and pay cash like our grandparents did. Borrowing is what got us into the mess were in now!
And borrowing is what Obama is doing to the country to bring it back up from the recession.

We need to stop the Democrats and Obama was financially destroying the country.
Diogenes

Orlando, FL

#29 Apr 30, 2009
Why would you fight something that you agreed to when you signed the contract? Or maybe you didn't read it. If so then that explains a lot. Sounds like Democrats to me.
Dirty Harry

United States

#31 May 1, 2009
Do not use credit cards unless it is an emergency. Never use "store" credit cards. Stop shopping for things you don't "need" with a credit card. The only way you can make things better for yourselves is to use self control. I have not paid any interest or fees on a credit card since 1991 and it feels good. The last interest payment was to that POS Amercian Express - dump them first.
CPR

Orlando, FL

#32 May 1, 2009
One way you CAN control all this is by completely eliminating all your debt. It seems folks have an imagination that they are entitled to, it almost becomes a "right" to have a Credit Card and to LIVE OFF OF IT.
You see that is a huge problem.
If you are living off a credit card, then you need to seriously sit down and very seriously think about what is going on in your life. I recommend you cut back on expenses. Either completely get rid of Cable TV or go for their 25 Channel Package, Get rid of your Cell Phone, or at least go for their $40 Plan, prepare more meals at home for work and for supper, unplug unnecessary appliances, Mow and Landscape your own yard, do your own Car Repairs.
You can save hundreds per month, translated to thousands per year over these simple changes.
Then pay off your HIGHEST APR %% Credit card first. Not the Highest Balance. Highest %% APR First, then the 2nd highest and so forth.
common thread

Mount Dora, FL

#33 May 1, 2009
Every one here seems to have a problem paying on time. Its called a penalty, losers.
cosmokazi

Winter Park, FL

#34 May 1, 2009
ut oh wrote:
"Credit-card debt is the No.1 reason people are filing bankruptcy these days," said Royal"
That's not true. It's medical costs that are bankrupting Americans.
17% of bankruptcies are caused by medical expenditures.
cosmokazi

Winter Park, FL

#35 May 1, 2009
It's nice to see that the majority of people on this blog accept the fact that WE are responsible for ourselves! If you don't like the way the credit card companies operate, don't use them. Way to go everybody!
Kelly in Winter Springs

United States

#36 May 1, 2009
CPR wrote:
I recommend you cut back on expenses. Either completely get rid of Cable TV or go for their 25 Channel Package, Get rid of your Cell Phone, or at least go for their $40 Plan, prepare more meals at home for work and for supper, unplug unnecessary appliances, Mow and Landscape your own yard, do your own Car Repairs.
I wish is was so simple for everyone. I have cancelled my cable TV, went to an air card for internet ($40 per month instead of $60), keep my a/c at 80 deg, and keep everything unplugged until I use it with the exception of my alarm clock and refrigerator. I do not have a garage or the know how to do my own car repairs and cooking is dangerous for me. I tend to set everything on fire, even if I am watching it, so I eat a lot of prepared foods.
I do agree that if everyone takes some steps to reduce monthly expenses it will help with the debt.
I use my credit card to pay for everything, but track it like a debit card. As a result, I very rarely carry any balance, and those expenses that are absolutely necessary that I know I will not be able to pay off I make sure go onto the card with 0% APR. So far, it has worked for me and they only time I have had to pay interest or a late fee is when I make a mistake and forget to pay the bill on time.
Charles Ruffenach

Clearwater, FL

#37 May 3, 2009
Why do you not mention how to "opt out" of a credit card rate increase
Sharon Hoad

Encinitas, CA

#39 May 4, 2009
I tried to work w/ my credit cards and they were impossible to deal with. I spoke w/ supervisors and they only budget enough to make themselves feel conciliatory and not understanding of the desperation of my situation. It also seemed like they were working as a pack and not as individual companies. I missed one payment on one card and suddenly ALL my cards' rates went through the roof. Naturally, this made matters worse and things spun out of control. Now, I'm taking their approach by finding strength in numbers and working w/ a debt settlement company that negotiates w/ the companies in a bulk manner. My payments are now half of what they were and I'll be out of debt in 2 years. My counselor (Thanks Rob! rnagpal@mydebtreliefcenter.com ), is a good man and understands the position I'm in and has a game plan to help me out. I'm not happy about my situation, but I am determined to find a way out w/o going to bankruptcy.

Since: Mar 09

East Windsor, CT

#40 May 14, 2009
SusanB wrote:
<quoted text>
I already contribute monthly to HSUS & I plan to increase my donation amount.
Better to donate to your LOCAL humane society, they do NOT get any money from the HSUS.
brwneyed3

Saint Louis, MO

#41 May 20, 2009
DO NOT GO WITH CITIBANK_credit cards!!! They are crooks-- they raised my rate without written or verbal consent for no reason, as with everyone else. Then- for the first time in two years, I was a day late in paying(being a weekend) and they then charged me 29.99%APR daily and stated I was a "default". Default is 30- 60 days late as far I have always known. They are robbing hardworking taxpayers and need to be held accountable for this crookedness. I so want to talk to one of those executives and give them my thoughts on common sence buisness. Fortunaltey, I was able to pay this off and I will NEVER go with them for anything ever again-Congress is trying to pass a bill against this and that is great- but I would like compensation for that interest per day but oh well. It is sad that the government has to regulate a law because of these outrageous practices that these corporate greed CEOs came up with. This only makes them lose money because people will never go with them after they are paid off and through with that company.
Eden

London, UK

#42 Mar 26, 2014
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( http://goo.gl/l0GrbF ) too my friends and family.

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