Credit Cards adding a Monthly $10 fee - CHASE
Posted in the WOOD-TV Grand Rapids and Michigan Forum
#1 Feb 12, 2009
Okay- I searched the list and didn't find a forum on this which shocked me. Sorry if I missed one.
I searched Wood's site and even though I heard a 'blurb' on the news I can't find the story. I searched the net and found this link.
I think this is a VERY important subject. While I am not personally impacted by this since I don't currently have any credit card debt, I believe this the credit industry is a huge crisis for the average families whom use them because it controls YOU. This is $120 more a year + interest.
I sincerely hope that people consider to tighten their belts. Transfer balances if you can/have to.
On a positive note I hope this move will scare people away from being slaves to the credit card companies & banks.
On the radio yesterday they had a segment of 'triming expenses' that can help people pay more on their balances. Included were things like "not buying bird seed and a number of other somewhat silly ideas - but those ideas added up to $130 more off each month. You eat an elephant one bite at a time - same is true with debt.
I would encourage others to post 'tips' to getting credit cards paid off here.
My first suggestion is set up a PLAN. When you have a plan it's easier to stick to it. Find a website and do a schedule for paying off your cards. If all you do is look at what is in your checking account each month and pay that I will guarantee you it's not going to be as effective as a plan would be.
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