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#1 busybride

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Posted 21 July 2005 - 01:10 PM

sad.gif Oh dear. I just went to transfer some money onto my credit card and got a bit of a shock at how much is left owing. Its got $670 left owing on it, which will take me four weeks to pay off.

I hope they don't stick too much interest on it sad.gif .

God I hate owing money on that damn thing!

#2 busybride

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Posted 21 July 2005 - 01:25 PM

OK, have just shared my credit card woes via email with a friend, who told me that her credit card has $3,000.00 owing on it ohmy.gif .

That should make me feel better about myself right? unsure.gif

I mean $670.00 is better than $3,000.00......right?

Does anyone else have a credit card horror story they feel like sharing, in an effort to make me feel better?





#3 *Mandy*

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Posted 21 July 2005 - 01:27 PM

We owe $6500

Feel better?????
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#4 busybride

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Posted 21 July 2005 - 01:31 PM

QUOTE (emmandy @ Jul 21 2005, 01:27 PM)
We owe $6500

Feel better?????

Really? blink.gif

Thanks, that does make me feel better about my own.

But, wouldn't the interest be huge on that? But I guess it depends on where you get your card from.

Well, I'm truly sorry that I reminded you of that, but thank you for replying anyway. I'm just trying to get a bit of perspective instead of blowing out too much. Because I have a tendency to dwell on things. sad.gif

#5 kimbalina

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Posted 21 July 2005 - 01:37 PM

cut it up.

That's the best way to ensure you don't rack up anymore debt!

We only have a debit card, so we can only spend what we have.

Even though credit would be nice, we don't owe a penny...
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#6 peaches

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Posted 21 July 2005 - 01:40 PM

I let my credit card run for a while so owe about $1500. It comes and goes though - I don't mind having a little bit of debt (it helps your credit rating if you're a regular payer). It's only when you just leave it and only pay the minimum that you get into trouble with interest and stuff.
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#7 busybride

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Posted 21 July 2005 - 01:42 PM

QUOTE (kimbalina @ Jul 21 2005, 01:37 PM)
cut it up.

That's the best way to ensure you don't rack up anymore debt!

We only have a debit card, so we can only spend what we have.

Even though credit would be nice, we don't owe a penny...

That is exactly what my husband said to me.

I've just got a significant pay rise, which means I won't be using the credit card out of necessity in the future. We won't be using it at all. It just gets out of hand too quickly. You can only pay so much of it back in a certain amount of time.

I was already feeling shit and tired today, but now I feel much worse rolleyes.gif .

#8 countrybride2b

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Posted 21 July 2005 - 01:46 PM

H2B and I owe around $5000 between us - but I am going to pay mine off at the end of this month and reduce my limit so I have it for 'emergencies'. As I get paid monthly - I usually pay a big amount off each month - sometimes the total amount but not always - then use it for everyday expenses. H2B is getting paid out since leaving his last job (holidays pay etc) next week and is going to pay a big amount off his (his is accumulating a lot of interest at the moment).

Virgin Credit Cards and I think Bank West were/are running promotions that if you take on one of their credit cards you can transfer any debt you have on a credit card already and have 4 - 6 months interest free to pay it off. If you think you are going to pay yours off withing that period - perhaps you could look at doing that so you aren't paying additional interest on your current credit card IYKWIM?

Hope this helps.

#9 busybride

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Posted 21 July 2005 - 01:47 PM

QUOTE (peaches @ Jul 21 2005, 01:40 PM)
I let my credit card run for a while so owe about $1500. It comes and goes though - I don't mind having a little bit of debt (it helps your credit rating if you're a regular payer). It's only when you just leave it and only pay the minimum that you get into trouble with interest and stuff.

Oh yeah, I think its important to pay loans etc and get a credit rating. Its funny really, I don't mind loans, its the credit card that scares the pants off me.

Awful thing it is.

By the way, just spoke to husband, who is less than impressed....

#10 kimbalina

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Posted 21 July 2005 - 02:11 PM

QUOTE
I let my credit card run for a while so owe about $1500. It comes and goes though - I don't mind having a little bit of debt (it helps your credit rating if you're a regular payer). It's only when you just leave it and only pay the minimum that you get into trouble with interest and stuff.


Good point babe...

I probably dont have a credit rating...I am under the radar in a big way.

It's the hippie in me...I hate giving extra cash to those bastardos!

Ry's bro is a financial guru and he puts everything through his credit card, but he puts his wages in ING account and accrues interest, then pays the card off every month, so he MAKES cash...

what a guru

Busy bride - you will pay that off in no time and be on your merry way honey
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#11 busybride

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Posted 21 July 2005 - 03:04 PM

QUOTE (kimbalina @ Jul 21 2005, 02:11 PM)
Busy bride - you will pay that off in no time and be on your merry way honey

Hope so. Its really depressing. I can't wait start over a new and begin to enjoy the money I make.

With mortgage payment, wedding loan, rates and bills, we don't see much of our money.

#12 kjpm

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Posted 23 July 2005 - 04:08 PM

I work in credit cards for one of the major banks and the average credit card has close on $10k owing so your are doing fine Busybride. smile.gif
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#13 *Mandy*

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Posted 23 July 2005 - 08:55 PM

I am proud to say that by this time next month we will be totally debt free so no more $6500 debt!!

Yeahhhhhh!!

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#14 deez

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Posted 24 July 2005 - 05:41 PM

I have on mine together owing $3500, but am currently paying off at least $400 a fortnight, so not long until mine is gone either...I have a low interest rate too, 11% I think.....I'm tempted to cut up my higher interest card so I won't use it, but I can quite often get good interest free deals on it...so who knows....

#15 busybride

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Posted 25 July 2005 - 09:37 AM

QUOTE (jacpark @ Jul 23 2005, 04:08 PM)
I work in credit cards for one of the major banks and the average credit card has close on $10k owing so your are doing fine Busybride. smile.gif

Thank you for the reassurance!

See, perspective was very much needed. Especially when your husband is a tight arse wink.gif and makes you feel bad about it.




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