Credit Cards

Back in the olden days, it was not uncommon to hear someone say, "I started out with nothing and I still have most of it left." But in this day and age people aren't starting out with nothing. They are starting out with a credit card.

With a credit card, you can buy anything (including, but not limited to, anything). Even if you have nothing. And so it goes. Purchase after purchase. Item after item. Until someone who started out with nothing has everything!

But then the bills start to come in the mail. At first, they might be manageable. You can pay off the balance every month if you are careful with your funds. But then one month you have an unexpected car repair or your daughter needs braces, and all of a sudden you find yourself with a balance on your credit card that you just can't get on top of it, no matter how hard you try. And to add injury to insult, everyone will accept credit cards. So the downward spiral continues until you are absolutely in over your head if you are not careful.

Bloggers speaking about the responsible use of credit cards can be found at sites like enemy of debt and canadian finance blog.

by outdoorsurvivalguy Are you a writer, passionate about this or any other topic? Join Blogcritics!

Latest blogosphere posts tagged “Credit Cards”

• Senator Dodd Calls For ‘Sweeping New Government Powers’ To Prevent Another Economic Collapse

  
  Boom2Bust.com — Authority: 567
  More fairytales coming out of Washington today so as you and I can sleep better at night knowing the Great Nanny State is watching over us. From the Associated Press’ Anne Flaherty: Senate Banking Committee Chairman Christopher Dodd on Tuesday called for sweeping new government powers to prevent another economic ...
  3 hours ago

• Hire Movers without Maxing-Out Your Credit Cards

  
  Personal Money Store — Authority: 613
  Moving can be a disaster Add a "c" to "Shleppers" and you may have an arduous journey! (photo: flickr.com) No one wants to max out their credit cards when moving. But that’s what happened to John Winston of Salem, Massachusetts: “We were a simple move…going to a neighboring city. Our moving company ...
  4 hours ago

• Legal Credit Card Debt Elimination Programs

  
  The Loan Doctor — Authority:
  I can tell you from personal experience that getting buried in credit card debt is one of the most awful feelings you can ever experience. It really feels so hopeless. Once you get to a certain point with your debt – say above $15,000 or $20,000 in credit card balances – and you have this realization that you ...
  5 hours ago

• Dodd circulates financial overhaul bill

  
  American Conservative Daily — Authority: 457
  Sen. Christopher J. Dodd, Senate Banking Committee chairman, on Tuesday called for sweeping new government powers to prevent another economic collapse, protect consumers and dismantle failing institutions. Mr. Dodds 1,100-page draft would strip the Federal Reserve and other regulators of their powers to regulate banks ...
  5 hours ago

• Is Bank Of America Of Trying To Skirt CARD Act With New Annual Fees? [Testing The Water]

  
  Consumerist — Authority: 777
  In a series of recent posts , WalletBlog has accused Bank of America of breaking the spirit of its "no new fees" promise and of potentially breaking the law next year, after it announced it will introduce annual fees on some existing credit card accounts in 2010. Heres the blogs argument for why Bank of America ...
  7 hours ago

• Write a Reconsideration Letter to Overcome Credit Card Denial [Credit]

  
  Lifehacker — Authority: 812
  It sounds impossible, but some credit card issuers will actually reject customers. If you applied for a card with just the right perks and got rejected, the Frugal Travel Guy blog suggests writing a "reconsideration letter" that worked for him. Actually, the letter worked for Frugal Travel Guys son-in-law, who was ...
  8 hours ago

• “What Works For You” Can Be a Trap – Consumerism Commentary …

  
  The Wealthy Soul — Authority: 154
  It cuts directly to the core of personal finance : that money is personal and not every solution is universal. Different people require different answers, and what works for one person might not necessarily work for another. … Read the original:  “What Works For You” Can Be a Trap – Consumerism Commentary ...
  8 hours ago

• Review Of The Singapore Airlines Krisflyer American Express Credit Card

  
  Pink Elle Reviews... — Authority: 106
  The recent announcement of the RM50 credit card tax in the 2010 Budget certainly did not go well with the general public. I’ve been calling up banks to check how I may cancel my cards and most of them don’t sound very surprised when I tell them the reason behind it. I’ve been trying to redeem my points before ...
  8 hours ago

• Citi Bucks the Trend, Raises Rates

  
  Vision Credit Education, Inc. — Authority: 91
  Bank of America, Capital One and Discover have each pledged to avoid interest rate hikes ahead of the Credit CARD Act. Citibank however has begun raising interest rates on many of its cardholders effective December 20, 2009. Poor Timing Citibank began mailing out thousands of notification letters on November 1 to ...
  9 hours ago

• The West and Karzai on Different Pages

  
  Get Credit Cards — Authority: 159
  Hamid Karzai and his foreign backers appear headed in opposite directions.
  9 hours ago

• Precious Plastic - 2010 (UK)

  
  Payments News - from Glenbrook Partners — Authority: 441
  PriceWaterhouseCoopers has published a new version of its Precious Plastic report for 2010 covering the card market in the UK. "2009 has been a watershed year for consumer credit in the UK, with both lenders and borrowers reassessing their balance sheets. Historically high levels of bad debt, a growing regulatory ...
  9 hours ago

• Blog Focus: Thanksgiving Preparation

  
  Get Credit Cards — Authority: 159
  Bloggers weigh in on how to get through the meal, entertain guests and not forget your diet
  10 hours ago

• Using cards as an emergency fund can hurt your scores

  
  Ask Liz Weston — Authority: 467
  Dear Liz: Help! In the last year, my credit scores have dropped 30 points. I don’t know why except that my credit reports noted that I used 10 credit cards recently. (I’ve had many dire emergencies lately, but I paid off all my balances as usual.) I’m terrified of more drops. What can I do? Answer: Build up ...
  10 hours ago

• Miley Cyrus rocks her concert at TD Garden

  
  Thaindian News — Authority: 725
  Boston, Nov 10 (THAINDIAN NEWS) Miley Cyrus, performed to a full house at the TD Garden as her 2009 Wonder World Tour stopped in Boston. The show was foot tapping and it was totally packed. She sang her songs and the crowd sang along with her and it was a rocking performance.Another unique aspect [...]
  10 hours ago

• Bank of America Locations New Jersey

  
  SelectCDRates.com - The Leading Industry Tool to Help You Select and Compare the Best 6 Month, 1 Year, 2 Year, and 5 Year CD Rates, Find rates by individual states, Money Market Account Rates, Savings Account Rates, Money Market Fund Rates, and Tax Exempt — Authority: 146
  Bank of America bank branch locations in New Jersey.  Bank directory lists Bank of America branches alphabetically by city in New Jersey.  Find bank branches and bank services in New Jersey for all Bank of America locations with the complete bank address for each location.  Bank of America, National Association ...
  10 hours ago

• House Approves Expediting Credit CARD Act

  
  Consumerism Commentary: A Personal Finance Blog Since 2003 — Authority: 634
  We reported just a few days ago on the passage of a measure in the House of Representatives to expedite the Credit Card reforms passed earlier this year . Unfortunately, I left out some of the story, as I’m still figuring out the intricacies of how laws are made, and there were some amendments made to the bill ...
  11 hours ago

• Where Do Small Businesses Go Now?

  
  Rich Credit Debt Loan — Authority: 546
  Credit and money are still in really tight places, and this is absolutely no secret. What is unknown in the current economy is what small businesses should do and where they should go now. Many small businesses are finding themselves struggling and even drowning in an attempt to overcome the hardships presented to ...
  12 hours ago

• How to avoid Black Friday credit blunders

  
  WalletPop Blog — Authority: 719
  Filed under: Credit , Black Friday , Economizer , Credit cards Black Friday can certainly net shoppers some great holiday gift deals. But if youre not careful, experts say those "deals" could wind up costing you big in the long run by damaging your credit score. Steve Schwartz, executive vice president of ...
  12 hours ago

• The 18-Button OOMouse Cures Your Clicking Cravings

  
  Get Credit Cards — Authority: 159
  Are you sure your current mouse has enough buttons?
  13 hours ago

• Credit crisis could lead to surging oil prices – Citywire.co.uk

  
  Discover520.COM — Authority: 165
  Credit crisis could lead to surging oil prices Citywire.co.uk The credit crisis has knocked investment in energy and rising prices could threaten the global recovery unless ... and more »
  13 hours ago

Comments about Credit Cards