I received a lovely letter in the mail yesterday from my credit card company. They explained how awful the current economic situation is and how stressful it is and then in the same font told me they were raising my APR.
Then I see that loudmouth Suzie Orman on Oprah telling people NOT to pay off their credit cards. is this a flip flop or what? Apparently, in her world if we pay off our credit cards the companies will close the accounts. Oh... big deal!
I say good riddance. Don't listen to SUZIE, she'll keep you in debt and beholden to these companies for generation. I say get out while you can! And NOW is a good time to get out!
We got into this mess my racking up loads of credit. Tell your kids NOT to get credit cards, don't be held hostage to a credit rating. If you can't afford it don't buy it.
It's up to us to put the credit card companies OUT OF BUSINESS. Time for them to leave the stage.
Pay it off, cut if up NEVER return. They'll have NO ammunition. What will they threaten us with? In fact it's a good time to stop paying them altogether.
Subscribe to:
Post Comments (Atom)
1 comment:
hi, ms. obs hervation,
i've been meaning to write to you to tell you how much i enjoy your blog. you are too funny.
but in re: to the suze orman comment; i am a devoted tv watcher of the suze orman show and suze has always said that folks should pay off their credit cards. she also tells people to pay off their student loans. so it's a surprise to hear her telling people not to pay off their credit cards.
that said - i agree with you. pay off your debt as soon as possible and cut up all your credit cards~! if you don't have the cash on hand to buy something - don't buy it!
Post a Comment