If you have an emergency, use your emergency fund. "But I have no emergency fund!" you say. Well of course not. Thats because you forfeit it to the credit companies. Each time you pay interest on the card (even after one day of usage, there is no pay within 30 days for zero interest, it does not exist) you are giving part of your emergency fund to the credit company. How many months and how many years have you been doing this? Think of the size of that fund had it existed.
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Here's how you start to fix all these problems
Everyone.
Take that credit card and cut it up.
Call them and cancel the account.
Dont just stop useing it because they are working on a new penalty charge for "NOT USING" your card.
they will crap themselves when 40 million people call them up.. Then they wont have a choice but to fix it. Its as easy as that...
I declare March 1st 2010 the day we all call your card Co and take control.. pass it on.
Davidbzm01 2 years ago
If you have an emergency, use your emergency fund. "But I have no emergency fund!" you say. Well of course not. Thats because you forfeit it to the credit companies. Each time you pay interest on the card (even after one day of usage, there is no pay within 30 days for zero interest, it does not exist) you are giving part of your emergency fund to the credit company. How many months and how many years have you been doing this? Think of the size of that fund had it existed.
Anothercoilgun 2 years ago
YES!!! Thank you Doug, this is something i have been pushing for for years!
Luckily for people like us that Obama has taken action against these companies, setting restrictions on them starting February 2010
allstardude192 2 years ago
Outstanding question, hope you edit it down a bit to give it a shot.
brouhajoe 4 years ago
Thanks, I am going to try.
douglas623 4 years ago