Comments on: What to do When Your Minimum is Raised

By: Miranda Marquit

Miranda Marquit — Wed, 08 Jul 2009 17:23:47 +0000

I read that article, too. It was very interesting — and a bit depressing.

By: Miranda Marquit

Miranda Marquit — Wed, 08 Jul 2009 17:23:27 +0000

I agree that if you are going to use credit cards, you should pay of the balance every month. Paying interest like that is a good way to lose money every month.

By: Jim

Jim — Wed, 08 Jul 2009 16:38:50 +0000

I’m of the school if you can’t pay the balance off entirely every month you shouldn’t have a credit card. Or at worst, you should shred the card, stop charging and pay off the darn balance as soon as possible. Extended credit card borrowing is a loser’s game.

By: marge11

marge11 — Tue, 07 Jul 2009 21:55:08 +0000

If you REALLY want to know what is going on here, read the article at this site:

http://www.investingblog.org/archives/509/beware-of-3q-and-4q-banking-and-credit-card-earnings-%E2%80%93-manipulation-of-earnings-with-minimum-payment-scam/

By: nunya

nunya — Mon, 06 Jul 2009 12:15:45 +0000

Par for the course! *WE* who make our payments on time and show responsible borrowing practices get PUNISHED b/c of stupid poor people who get a bill and promptly CHOOSE to crumple it up and throw it out as if they don’t have to pay it. Like, you know…a house payment! They started all of this. Get a house they can’t afford, then blame the lenders for not telling them how much their payment will be. DUH! Some people shouldn’t have a house!!!! That’s why we have apartments. Typical behavior of those who CHOOSE to be poor and ignorant and irresponsible. My guess is that type will never learn either. Like pigs at a trough…they’re disgusting.

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By: Lisa

Lisa — Sat, 04 Jul 2009 02:41:17 +0000

I forgot to click the notify box. Comments welcomed!

By: Lisa

Lisa — Sat, 04 Jul 2009 02:37:27 +0000

I believe what triggered the upcoming increase was because on my last statement, I was offered “the flexibility” to skip a month of paying – which I chose not to do! So far, that is the only difference my research has turned up!

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Tue, 30 Jun 2009 05:13:35 +0000

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By: Debtelim

Debtelim — Tue, 30 Jun 2009 02:48:03 +0000

The financial issues we are having in todays economy are sad, but if you start planning now you have a much better chance of survival. I have chase and my minimums keep going down, this is because I use my own systematic solution to break their interest cycle. Dont let the credit card companies take advantage of you fight back before it is too late. I customize programs for my clients that help them conquer this task , this can be done even of you can only make the minimum payments.
Good Luck.