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dmallind

(10,437 posts)

15. Not all necessarily bad

Reply to Omaha Steve (Original post)

Mon Dec 10, 2012, 02:15 PM

Dec 2012

Why should I spend 100% and risk losing cash forever when I can get 1-2% discount and no risk by paying it all by credit card then one free bank transfer a month to pay it off? All with no fiddly germ-laden heavy change. I am a few thousand of that "debt" myself - which is just accrued expenses I can easily cover from checking rather than real term interest bearing debt.

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Highlight:

US consumer borrowing rises to record $2.75T [View all] Omaha Steve Dec 2012 OP

Going through bankruptcy is a mixed bag, but I'm glad I had to lunatica Dec 2012 #1

Isn't the pull of the dark side amazing? We wipe out our debt, put ourselves in jtuck004 Dec 2012 #2

I think of it as being mesmerized lunatica Dec 2012 #3

We've been mesmerized as a country for 40 years. We need interventions to get better. <G> n/t jtuck004 Dec 2012 #8

my debt's largely from medical bills zazen Dec 2012 #4

I'm very lucky to be healthy lunatica Dec 2012 #5

I almost ended up in a similar situation with medical bills davidpdx Dec 2012 #11

so 2 trillion debt is from medical treatment debt and those crazy interest payday loans? Sunlei Dec 2012 #6

I'm still paying my credit card off in full every month slackmaster Dec 2012 #7

Banks rejoice. Award bonuses. aquart Dec 2012 #9

Still getting worse!? Quantess Dec 2012 #10

Student loan relief davidpdx Dec 2012 #12

A big lack of common sense.... smccarter Dec 2012 #13

Debt is slavery. Odin2005 Dec 2012 #14

Not all necessarily bad dmallind Dec 2012 #15