Americans have dug themselves into a credit card hole

By Free Republic | Created at 2025-01-19 02:35:42 | Updated at 2025-01-22 14:50:08 3 days ago

Americans have dug themselves into a credit card hole
business insider via msn ^ | 1/18/25 | jsor@businessinsider.com (Jennifer Sor)

Posted on 01/18/2025 6:08:51 PM PST by RomanSoldier19

Benton McClintock, 27, had been running away from his credit card bill for nearly a decade before deciding to pay it off. When McClintock was in college, he began paying for big trips to Milan, Paris, and other getaways with his credit card, and—until his balance had ballooned to $40,000—thought nothing of it.

(Excerpt) Read more at msn.com ...

TOPICS: News/Current Events
KEYWORDS: earth; hell

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To: RomanSoldier19

One last pardon from Biden: Void all credit card debt.

2 posted on 01/18/2025 6:10:20 PM PST by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)

To: RomanSoldier19

Mine is paid off and cancelled. I now use a card I share with my wife and she manages it. We get really good points back, real cash, no b.s. It works for us and we pay it the balance off every month despite the fact that I’m currently unemployed and on unemployment insurance payments.

-SB

3 posted on 01/18/2025 6:12:40 PM PST by Snowybear (Liberalism is a mental disorder)

To: RomanSoldier19

Americans did nothing, the liberals did everything.

4 posted on 01/18/2025 6:13:49 PM PST by Jonty30 (If you ate your twin in the womb, your pronouns should be we/us.)

To: CatOwner

Why does a guy named “Benton” who goes to Paris and Milan, and appears to be irresponsible, set my Gaydar off?

5 posted on 01/18/2025 6:14:10 PM PST by Fai Mao (The US government is run by pedophiles and Perverts for pedophiles and perverts.)

To: Snowybear

My main credit card, which I use to pay for stuff instead of carrying cash, is set at $500 and is paid off every two weeks.

6 posted on 01/18/2025 6:14:42 PM PST by Jonty30 (If you ate your twin in the womb, your pronouns should be we/us.)

To: All

Not really a big problem. You pay off one credit card with another. it is important to keep the rotation accurate. Keep filling out credit card applications (but leave out some of your cc debt so they don’t get suspicious). After a while you may only get high interest cc apps which means somebody’s been snooping into your credit score. Then go on one final blowout vacation and shoot the works. Right before declaring bankruptcy.

7 posted on 01/18/2025 6:14:45 PM PST by BipolarBob (I've asked what LGBQT means and have yet to get a STRAIGHT answer.)

To: BipolarBob

Thanks! I think I’ll try that. But wouldn’t it be more financially responsible to use the credit cards to purchase resalable consumer items that you could convert to cash after the smoke clears?

8 posted on 01/18/2025 6:21:30 PM PST by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)

To: BipolarBob

9 posted on 01/18/2025 6:24:02 PM PST by Keyhopper (Indians had bad immigration laws)

To: BipolarBob

That only works three or four times.

10 posted on 01/18/2025 6:24:32 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)

To: CatOwner

I could get behind that. 😂👍

11 posted on 01/18/2025 6:25:57 PM PST by rktman (Destroy America from within ? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)

To: RomanSoldier19

Ignorance concerning finances is not bliss. Deferred gratification & living below your means -- helps avoid becoming a slave to debt.

"The borrower is servant to the lender." - Proverbs 22:7

12 posted on 01/18/2025 6:26:22 PM PST by JesusIsLord

To: Jeff Chandler

I wouldn’t focus on the consumer items that will increase in value over time, like collectables, if I were you.

13 posted on 01/18/2025 6:27:06 PM PST by Jonty30 (If you ate your twin in the womb, your pronouns should be we/us.)

To: BipolarBob

Then go on one final blowout vacation and shoot the works. Right before declaring bankruptcy.

You were fine until you got to that. That debt might not be discharged in bankruptcy. 11 U.S.C. § 523(a)(2). Consult a bankruptcy attorney before trying that.

14 posted on 01/18/2025 6:28:22 PM PST by PAR35

To: Keyhopper

Fraud is such a dirty word.

15 posted on 01/18/2025 6:29:20 PM PST by BipolarBob (I've asked what LGBQT means and have yet to get a STRAIGHT answer.)

To: RomanSoldier19

I've got the job for him, but he'll have to get rid of that whole "deciding to pay it off" idea.

16 posted on 01/18/2025 6:29:48 PM PST by KarlInOhio (“Forget it, Jake. It’s California.”)

To: PAR35

Too late for a Biden discharge of debt?

17 posted on 01/18/2025 6:29:54 PM PST by BipolarBob (I've asked what LGBQT means and have yet to get a STRAIGHT answer.)

To: PAR35

But that would be asking for permission, when I’d rather apologize.

18 posted on 01/18/2025 6:30:22 PM PST by Jonty30 (If you ate your twin in the womb, your pronouns should be we/us.)

To: Jonty30

Debt free for a year. Nice feeling.

19 posted on 01/18/2025 6:30:25 PM PST by freepertoo

To: BipolarBob

Solution as if you do not know already. Stop spending.

20 posted on 01/18/2025 6:32:59 PM PST by Fungi

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