Comments on: Credit Card Debt is NOT Sexy http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/ Life in the big city Sat, 28 Jan 2012 16:21:42 +0000 hourly 1 http://wordpress.com/ By: Foreign Desi http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/#comment-1710 Mon, 13 Jul 2009 13:11:25 +0000 http://phillygrrl.com/?p=2437#comment-1710 I’m so paranoid about the whole credit card thing that I pay it off as SOON as it comes, and try to debit everything if possible!

]]> By: phillygrrl http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/#comment-1681 Wed, 08 Jul 2009 19:59:45 +0000 http://phillygrrl.com/?p=2437#comment-1681 Good strategy, definitely agree with your approach P.M. Reminds me of why we’re both Ramit Sethi fans…

]]> By: Pritesh http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/#comment-1679 Wed, 08 Jul 2009 16:58:43 +0000 http://phillygrrl.com/?p=2437#comment-1679 We always start a debate on whether credit card debt is good or not. In my opinion, it’s always depend on a person, how he/she thinks about debt. If you are okay with debt and low interest rate, go for it. You may not get low interest rate like 3-4% loan anywhere else. But if your credit card interest rate is in the range of 20-30%, that’s not good at all.

For me, any kinda debt makes me nervous even if it’s just 5% credit card debt. That’s why I paid out my $15,000 student loan debt in a year. I could have saved money and invested it but to to have no debt credit cards and student loans makes me happier than interest in savings account or return in stock market.

Cheers,
Pritesh
http://twitter.com/mehta1p

]]> By: Bumble http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/#comment-1666 Wed, 08 Jul 2009 15:49:16 +0000 http://phillygrrl.com/?p=2437#comment-1666 Credit cards are good if you have lots of restraint and only spend what you can pay off right away! Sometimes that applies to me, sometimes it doesn’t. :+/ I mostly use my Saks Mastercard for daily purchases instead of my debit card because it racks up points at Saks, which then turn into a gift card at the end of the year!

]]> By: phillygrrl http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/#comment-1664 Wed, 08 Jul 2009 15:28:28 +0000 http://phillygrrl.com/?p=2437#comment-1664 Mad props, Pete. Hopefully I’ll join you in a couple of weeks.

]]> By: pete http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/#comment-1663 Wed, 08 Jul 2009 15:15:53 +0000 http://phillygrrl.com/?p=2437#comment-1663 i paid all my CC debt off last summer.. i don’t use them at all anymore unless it is used to fix my car. i pay cash and if i don’t have the $$ for what i want, i guess i don’t need it that bad.

]]> By: phillygrrl http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/#comment-1656 Wed, 08 Jul 2009 04:55:01 +0000 http://phillygrrl.com/?p=2437#comment-1656 Oh yeah, currently my favorite new game. Haha, good for you!

]]> By: Credit Card Debt is NOT Sexy | Low Loan Refinancing http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/#comment-1654 Wed, 08 Jul 2009 04:39:13 +0000 http://phillygrrl.com/?p=2437#comment-1654 [...] Read more: Credit Card Debt is NOT Sexy [...]

]]> By: Scott McNulty http://phillygrrl.com/2009/07/08/credit-card-debt-is-not-sexy/#comment-1652 Wed, 08 Jul 2009 03:31:14 +0000 http://phillygrrl.com/?p=2437#comment-1652 I just bought Apples to Apples (and I put it on my credit card, though I pay off the balance every month).

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