OT: Just paid off my last credit card!!!

maxdemo · Mar 22, 2007

I just paid off my last credit card today and other than the one Amex card I have for my company....I now just have a checking account and thats it!!!

18 months ago I set out to go debt free after I requested a credit line increase and they declined my request and from that day I vowed that I would never get another credit card......Fvkc them all!!!

1cheater · Mar 22, 2007

Congrats Max, but, the way these crooks work you must have a line of credit and use it/pay it off in order to keep a good credit number? Atleast that's what I've always been told:money8:

Brock Landers · Mar 22, 2007

That is OUTSTANDING!

I will be in the same position in Mid 2008, already budgeted, just a matter of patience now. The math is already done.

maxdemo · Mar 22, 2007

#1cheater# said:
Congrats Max, but, the way these crooks work you must have a line of credit and use it/pay it off in order to keep a good credit number? Atleast that's what I've always been told:money8:

No dont have a line of credit. I was fortunate enough to have a good trip that last time I was in Vegas and used the extra $$ to pay off 2 of the credit cards in one lump sum and finished the last monthly payment on the other today. I had 2 Capitol one cards and 1st premier credit card ....it was the 1st Premier that turned down my line increase. They just sent me another offer last month knowing that I was almost paid off and I about ripped into them since they are the reason I gave up on Credit Crads. I still receive 5-10 offers a month and call each one and tell them to take their cards and shove them....maybe one day they will get the point.

WVU · Mar 22, 2007

great job max. I got started in this biz to get out of credit card debt.

CaptainBone · Mar 22, 2007

I've always paid off my credit card the month of the bill I put it on there.. I don't really use them as financing and paying interest. The only time I do is on interest free cards.

BUT, congrats to you for now being debt free! The hard part will be stayin that way

maxdemo · Mar 22, 2007

Captain Bone said:
I don't really use them as financing and paying interest.

I tried that in the beginning but soon found myself not paying and racking up some interest.

lander · Mar 22, 2007

Max,
Congrats - but now it's time to turn the tables on those b*stards.

Get a no-annual fee CC with cashback or loyalty rewards and pay all your day-to-day expenses/bills. Make sure you pay it off completely each month.

Ironically, this type of customer (obviously) is of little profit to the banks and they coin the customer by the term "deadbeat." LOL.

WVU,
Ditto. I'd like to thank all the books with slow lines for paying off my debts

ElJefe · Mar 22, 2007

Great job! I have had my issues in the past with credit card debt and it can be brutal to deal with. That feeling when the debt is finally gone rules!

maxdemo · Mar 22, 2007

El Jefe said:
Great job! I have had my issues in the past with credit card debt and it can be brutal to deal with. That feeling when the debt is finally gone rules!

The feeling is such a high...I feel like going out and partying...lol

sean1 · Mar 22, 2007

It is great to be debt free, but everyone should build/not erase their credit.

YOu never know when you'll need it and it sure is nice to be able to buy a car, house, etc...

If anyone is not good with cards, I recommend getting 2 or 3, making a charge on each and then cutting them up. A year later, call them in lost and get new ones. Make another charge, cut them up. Repeat. Some people can't not use credit cards, but having no credit is not a good way to be.

Sean

maxdemo · Mar 22, 2007

sean1 said:
It is great to be debt free, but everyone should build/not erase their credit.

YOu never know when you'll need it and it sure is nice to be able to buy a car, house, etc...

If anyone is not good with cards, I recommend getting 2 or 3, making a charge on each and then cutting them up. A year later, call them in lost and get new ones. Make another charge, cut them up. Repeat. Some people can't not use credit cards, but having no credit is not a good way to be.

Sean

I will be 40 next year...I have my own company (Family Owned) here in Houston so I dont think I will ever have a problem getting a house or a car. I have owned 3 different Lexus's in the last 9 years...so a car is not a problem since every few years I get a new one. I just a bought a house on the lake 2 years ago and plan on having the house till the day I die.

I dont suggest this move for someone that is young but at my age I can afford to have no CC and have no problems

Woody0 · Mar 23, 2007

maxdemo said:
I dont suggest this move for someone that is young but at my age I can afford to have no CC and have no problems

Congrats on clearing the debt, but don't plan on renting a car without a CC.

maxdemo · Mar 23, 2007

Woody0 said:
Congrats on clearing the debt, but don't plan on renting a car without a CC.

But I still have my company AMEX card, and my Visa check card.

FairWarning · Mar 23, 2007

Congrats Max. I hope to be the same by the end of the year.

1cheater · Mar 24, 2007

lander said:
Max,
Congrats - but now it's time to turn the tables on those b*stards.

Get a no-annual fee CC with cashback or loyalty rewards and pay all your day-to-day expenses/bills. Make sure you pay it off completely each month.

Ironically, this type of customer (obviously) is of little profit to the banks and they coin the customer by the term "deadbeat." LOL.

WVU,
Ditto. I'd like to thank all the books with slow lines for paying off my debts

Wifey just got a offer for the US air BOA card with the miles; so I guess were gonna be deadbeats/Bonus whores :lol:

heatohio · Mar 25, 2007

maxdemo said:
I just paid off my last credit card today and other than the one Amex card I have for my company....I now just have a checking account and thats it!!!

18 months ago I set out to go debt free after I requested a credit line increase and they declined my request and from that day I vowed that I would never get another credit card......Fvkc them all!!!

I don't have a credit card. I don't want huge debt so I just use my debit card and that is it. But it did screw me yesterday when I tried to rent a car to drive to Atlantic City in. They told me that you can't take a car out of state when paying with a debit card. That really sucked.

lander · Mar 25, 2007

#1cheater# said:
Wifey just got a offer for the US air BOA card with the miles; so I guess were gonna be deadbeats/Bonus whores :lol:

Nice, which airline(s)? I currently have the AMEX/Delta Skymiles card. I have to pay a yearly fee. It made for us because the majority of our travels are international, but wouldn't recommend the fee-based cards for occasional domestic travelers.

1cheater · Mar 25, 2007

lander said:
Nice, which airline(s)? I currently have the AMEX/Delta Skymiles card. I have to pay a yearly fee. It made for us because the majority of our travels are international, but wouldn't recommend the fee-based cards for occasional domestic travelers.

US AIR...Don't think there's a fee, but then again not sure if she read the fine print

DonMelchor · Mar 25, 2007

I don't have a CC anymore, happy I paid it off.... on the down side
I'm still helping my wife on hers... hopefully we wont have one in a year or so....