Early Retirement & Financial Independence Community - View Single Post - $2,000,000,000,000- Happy 55th

FunGoals · 12-27-2004, 08:26 AM

There was a report on tv recently that 1 out of 5 Christmas shoppers will have a $5k or greater credit card balance & 1 out of 10 will have a greater than $10k balance after the holidays.

I have 10k in credit cards with zero balance One of my goals for the holidays was to not get caught up in the SALES & buy stuff I did not need. When the interest deduction for credit was eliminated in the 80's I began paying off the balance on time. I have 4k at Sears & they offer incentives to use the card. I often pay the balance at the same time as the sale.

I canceled a credit card because I got tired of shredding checks. When I called & asked them to stop sending checks they refused.

I live in NJ & one credit report from each of the 3 agencies is free a year. I get one report every 4 months from a different agency .

It would be great if there was a " Do not mail " list for credit card advertising.

12-27-2004, 08:26 AM	#7
FunGoals Recycles dryer sheets Join Date: Dec 2004 Posts: 54	There was a report on tv recently that 1 out of 5 Christmas shoppers will have a $5k or greater credit card balance & 1 out of 10 will have a greater than $10k balance after the holidays. I have 10k in credit cards with zero balance One of my goals for the holidays was to not get caught up in the SALES & buy stuff I did not need. When the interest deduction for credit was eliminated in the 80's I began paying off the balance on time. I have 4k at Sears & they offer incentives to use the card. I often pay the balance at the same time as the sale. I canceled a credit card because I got tired of shredding checks. When I called & asked them to stop sending checks they refused. I live in NJ & one credit report from each of the 3 agencies is free a year. I get one report every 4 months from a different agency . It would be great if there was a " Do not mail " list for credit card advertising.