AOPA credit card --- WARNING.

Chuck wrote:

"John Galban" wrote in message
om...

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.

Matt

"Matt Whiting" wrote in message
...
Chuck wrote:

"John Galban" wrote in message
om...

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?

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.

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.

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


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He doesn't get a lot of things, but you'll never convince him of any of
them. He has all the answers and they are always right.

There is a saying for people like him.
"Never try to teach a pig to sing. It wastes your time and annoys the pig."

mike regish

"Chuck" wrote in message
. com...

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?

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.

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.

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


---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.802 / Virus Database: 545 - Release Date: 11/26/2004

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

"Chuck" wrote in message
. com...

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?

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.


Actually, you're the one that does not get it. It does not matter what
items you pay cash for and which you charge, it's just that your total
purchases are greater than your ability to pay for them.



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.


But buying luxuries you can't afford is.



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


Nobody's prying, you're posting your personal situation on the internet.

"Steven P. McNicoll" wrote in message
nk.net...

"Chuck" wrote in message
. com...


snip


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.


But buying luxuries you can't afford is.





Are buying school clothes an luxury? Are buying tools for work a luxury?


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Outgoing mail is certified Virus Free.
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"Chuck" wrote in message
. com...

Are buying school clothes an luxury?


No. What's your point?



Are buying tools for work a luxury?


No. You've already said you spend money on luxuries you clearly cannot
afford.

Chuck wrote:

"Matt Whiting" wrote in message

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?

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.

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.

Ok, I'll bite. If somebody is going to pay interest on one credit card, why
choose a Sears Card (now issued by CitiBank), which usually has an APR in excess
of 21%(!)? Even doing something silly like a balance transfer to a lower rate
card (like one of the many offers that show up offering 0 to 5% APR) would make
more sense.

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

Who is "prying?" into anything? You freely posted your financial situation for
all to view.