Feels like the economy is obviously getting harder on people with things costing more, but there's resistance to ... downgrading and spending more wisely. I guess people are just running up their cards instead of tightening their belts and living within their means. I mean, I understand that inflation is wild, but some of this has to be self control issues on some level. Seems like people are just stubborn. This shyt isn't going to end well.
Credit card balances reached a record-setting $866 billion in the third quarter of last year.
- Thread starter Sad Bunny
- Start date
Feels like the economy is obviously getting harder on people with things costing more, but there's resistance to ... downgrading and spending more wisely. I guess people are just running up their cards instead of tightening their belts and living within their means. I mean, I understand that inflation is wild, but some of this has to be self control issues on some level. Seems like people are just stubborn. This shyt isn't going to end well.
All mine add up to 153K
I was bad and stuck in debt for years 2015-2018 ish.
Learned my lesson. I only have one physical card now. My wife hid the rest and some were cut up and I never use them. I just have a random bill on them (Hulu, Disney, cell phone, Netflix etc)
Can finance house down-payment on visa
Not financial advice
Elim Garak
Veteran
I think the self control shyt people like to push is overstated. Yes it's people that lack discipline but I don't think it's a widespread issue and doesn't really explain what's happening imo.
Insensitive
Superstar
It's a combination of increased COL expenses and of course consumerism/a lack of discipline.
People are spending themselves into poverty but they're also impoverished because of wage theft through
various (unnecessary) increases in their everyday expenses.
Many, many people are impacted by this and turn to temporary cash to remedy these issues.
It's why the hood is littered with check & cash places, sucking the life blood out of the working class
any chance they can get.
People are spending themselves into poverty but they're also impoverished because of wage theft through
various (unnecessary) increases in their everyday expenses.
Many, many people are impacted by this and turn to temporary cash to remedy these issues.
It's why the hood is littered with check & cash places, sucking the life blood out of the working class
any chance they can get.
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Can finance house down-payment on visa
Not financial advice
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Image 127-AC48-E-08-F0-4-FDD-8-CF7-EEA853157-CA3 hosted in ImgBB
ibb.co
I’d never lol
Already got a house though.
RaspberryFitted
Boyz In Motion Member
Thank You. I will pay it off tomorrow
Explain your knowledge 6 fig breh
NO!
RaspberryFitted
Boyz In Motion Member
waiting on the weed man so I can get higher than my credit score (super corny)
good shyt bruh. What’s ya routine? I know it SHOULD be simply paying it off before the payment date, but I’ve heard so many “tricks” ion know wtf to believe
Tres Leches
Empire Business
citizens just following the governments lead 
I had to come back to this post. The layers of truth to this shyt is wild. nikka dropped scripture on a Saturday eve.
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The British: Pay the taxes you owe for us taking care of your ass and no more slaves
Colonists:
Ayo, France, Spain and Netherlands....I think we have a problem*One Revolutionary War later*
France: I need my money back, they bout to chop my head off
America:
Financial costs of the American Revolutionary War - Wikipedia
I don't ever carry a balance on my shyt, that APR be ridiculous, I see folks all the time throwing money like it's nothing though and be $20k+ in debt
....even more so for folks that had bad credit, foreclosures, and bankruptcy
....even more so for folks that had bad credit, foreclosures, and bankruptcy
BunchePark
Coli N Calisthenics
I pay everything off
I think finance is blk and white
the grey area is the emotional part which is where people get fukked
the only reasons for debt imo if you started from nothing out here
1) home
2) car
3) funeral for a parent, child, spouse, etc
4) falling seriously ill, im talking hospital bed sick unable to work and provide for ones self
any specific questions just ask me
just came from the fish spot
over here grubbing like a mufukka
IsThatBrothaMouzone?
Veteran
You got me by a few points.
waiting on the weed man so I can get higher than my credit score (super corny)
There's nothing wrong with have a credit card debt balance as long as you are constantly making payments slightly above the monthly minimum payment.
As long as your total debt is under 30% of your overall credit card utilization across all your cards your score will go up.
You need to show that you are responsible with utilization.
What you need to do it takeout a credit card with a 0% interest promotion, around the time the promotion is about to end, you apply for a new card with another 0% interest promotion and then move the debt to that card. As long as you have consistently been making payments and are under 30% utilization when you apply for a new credit card you can ask for a higher credit limit (this also does depend on other things like say income) which then increases the actual amount of your overall utilization of credit that you can use if needs be
For example you have two credit cards of a combined $10k limit between them. Which means your 30% utilization limit is $3k. You have $2k credit card debt. If you apply for another credit card with a $10k limit . Your total credit you can use is now $20k, but your utilization limit is now $6k.
My trick is to have multiple credit cards but to only use 1 main credit card. I apply for a new credit card every 4-6 months. I'm never going to use it and it's just there to bump up my overall credit amount and utilization.
Now while you are doing this you can be saving up actual cash which can be used to clear the debt at any point in the future if needs to be.