Credit card balances reached a record-setting $866 billion in the third quarter of last year.

[AAKing23]

Just pay the statement balance by the due date to never get charged interest, not that hard

 

[Sir Richard Spirit]

19% increase is nothing.. When you add in the push to open credit up to more people and the people who got credit increases due to using stimulus/unemployment to pay off old debt.

 

[((ReFleXioN)) EteRNaL]

I've noticed it's a lot easier to get approved for a credit card than it was 5 years ago. And my credit score is about the same. They know once people get in debt they're never getting out. I just like to have as much available credit as possible. I only have a balance on one from way back and it's almost paid off.


But I was browsing the apple store earlier looking at MacBook's and apple tells me it's no interest for 12 months......got me real intrigued right now. That's like Shakira shaking that p*ssy in my face. Asking me to taste it. How can I resist. I could also buy it outright but seeing large chunks of money leave my account makes me sad inside. Plus it's no interest. It's a no brainer. I deserve this. Life is short brehs. Live it up

 

[seymour cake]

Is it really a bad idea to file bankrupt? I be seeing millionaires filing bankruptcy all the time and bouncing right back.. shyt I know this one lady with a gambling problem, she literally filed bankruptcy like 4 times.. she get in a shyt load of debt and just file bankruptcy and get a fresh new start..

She do it so much I'm starting to think it's a good idea, just run up a a couple hundred thousand in debt, buy everything u need and just file bankrupt.. now your debt is cancelled and u have a brand new clean credit report..

What's the worse that can happen from filing bankrupt?

 

[MustafaSTL]

I've noticed it's a lot easier to get approved for a credit card than it was 5 years ago. And my credit score is about the same. They know once people get in debt they're never getting out. I just like to have as much available credit as possible. I only have a balance on one from way back and it's almost paid off.


But I was browsing the apple store earlier looking at MacBook's and apple tells me it's no interest for 12 months......got me real intrigued right now. That's like Shakira shaking that p*ssy in my face. Asking me to taste it. How can I resist. I could also buy it outright but seeing large chunks of money leave my account makes me sad inside. Plus it's no interest. It's a no brainer. I deserve this. Life is short brehs. Live it up

I have the Apple Card. Use it for different Apple purchases like the phone and watch. They just add the monthly installment charge to the card each month. Just pay off the monthly balance and it’s not a problem.

 

[Prodyson]

NO!

Yes you are. Otherwise you pay interest on the balance. And continuously switching to 0% interest cards is going to shorten the average length of your credit history. Not to mention there are fees associated with balance transfers to new cards. If you have the money to pay it off, you should.

 

[Spence]

Not know how to use a credit card properly as an adult brehs.

All you gotta do is move the debt to a 0% interest card while paying slightly above the monthly minimum payment. While you do this you save up. Your credit score will go up during this period. Use the credit card on something you know you normally have cash for such as groceries for your monthly payment.

Exactly what I’ve done. I’m on 3 0% interest cards. Once the promo runs out, cancel and repeat with other banks offering the same 0% promo. My balances are getting low though so I won’t have to play that game much longer especially since the game of musical chairs is coming to an end this year and the fun cheap debt days are over for a good while.

 

[Schadenfreude]

Is it really a bad idea to file bankrupt? I be seeing millionaires filing bankruptcy all the time and bouncing right back.. shyt I know this one lady with a gambling problem, she literally filed bankruptcy like 4 times.. she get in a shyt load of debt and just file bankruptcy and get a fresh new start..

She do it so much I'm starting to think it's a good idea, just run up a a couple hundred thousand in debt, buy everything u need and just file bankrupt.. now your debt is cancelled and u have a brand new clean credit report..

What's the worse that can happen from filing bankrupt?

There's different types of bankruptcy: chapter 7, 9, 11, 12, and 13. As for the worst that can happen? You could lose whatever property you own if you file for Chapter 7. Any assets you own can be taken by the court and sold for cash value to be given to creditors to satisfy debts.