Chuck wrote:

"Matt Whiting" wrote in message
...

Chuck wrote:


"John Galban" wrote in message
e.com...

snip

I've almost never kept a balance on a credit card. If I can't get a
real loan (i.e. bank loan with reasonable terms), then that means I
probably can't afford whatever it is I want to buy.



Must be nice... I don't have the option of very many luxuries, so I need
credit from time to time for necessities...

I still don't see how this works as the interest you pay means that you
can now have even fewer necessities than if you paid cash for them.




You just don't get it, do ya?

I get it very well. I haven't had any consumer debt for nearly 20
years. I paid off my first house when I was 35 years old. I get
financial management rather well, thank you.


Of the 3 "luxuries" that I said that I have, only one *might* have been
bought on credit and had to pay any interest. That would be the Dell PC. For
your information, I did charge that PC, but paid it off with my tax refund 2
months later. I paid 1 or 2 months of interest. Big deal. Dish Network and
SBC don't charge any interest that I am aware of.

I never said a thing about your luxuries, I was simply talking about the
downside of paying interest on consumer debt. Others commented about
your luxuries, but I didn't. Check the thread.


If you will read, I have ONE credit card (Sears, for school clothes, tools,
etc) that I am paying interest on. For someone in my financial situation, I
don't feel that is all that bad.

It isn't bad if you'd rather pay interest than buy necessities or
luxuries with that money. Your call.


Would you stop trying to pry into my personal situation please.

I've never asked you a single thing about your personal situation.
You've spilled your guts here quite freely.


Matt