Site Links










Top Posters
Dotsie 23647
chatty lady 20267
jawjaw 12025
jabber 10032
Dianne 6123
Latest Photos
car
Useable gifts!
Winter wonderland/fantasy for real
The Soap lady meets the Senator
baby chicks
Angel
Quilted Christmas Stocking
Latest Quilt
Shelter from the storm
A new life
Who's Online
0 Registered (), 52 Guests and 0 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
3239 Members
63 Forums
16332 Topics
210702 Posts

Max Online: 409 @ 01/17/20 03:33 AM
Page 1 of 4 1 2 3 4 >
Topic Options
#177211 - 03/15/09 11:58 PM Credit card debt
yonuh Offline
Member

Registered: 06/14/06
Posts: 2447
Loc: Arizona
Have you checked your credit card balances lately? Seems some credit card companies are reducing credit limits to less than cardholders owe and then charging late fees, penalties, etc. And this is legal right now!!!!

http://finance.yahoo.com/banking-budgeti...ithout-Spending
_________________________
Well-behaved women rarely make history. - Laurel Thatcher Ulrich
http://ruthrainwater.wordpress.com/
http://newbeginningsgratitudejournal.wordpress.com/
http://sablewings.wordpress.com/

Top
#177225 - 03/16/09 12:51 AM Re: Credit card debt [Re: yonuh]
chatty lady Offline
Writer

Registered: 02/24/04
Posts: 20267
Loc: Nevada
They also just upped their interest to 14% for everyone. The government is suppose to be meeting to fix a limit on what they can charge, but you all see how the government works. NOT!!!!!
_________________________
Take a peek at my BLOG:

http://charleen-micheles.blogspot.com/


Top
#177239 - 03/16/09 10:31 AM Re: Credit card debt [Re: chatty lady]
celtic_flame Offline


Registered: 11/24/06
Posts: 2930
Loc: Belfast/Northern Ireland
i know about the intrest rising, it certinlie happening heer.

i din't know that the wer reducing thir limites of borrowing, thats just mean and unfaire! IMO
_________________________
"Our attitude either gets in the way or creates a way," Sam Glenn

Top
#177252 - 03/16/09 12:51 PM Re: Credit card debt [Re: celtic_flame]
Dotsie Offline
Founder

Registered: 07/09/08
Posts: 23647
Loc: Maryland
The whole credit card routine is frightening. What are people thinking? I've heard some awful stories about parents having to bail out 20 somethings who cranked up limits while in college. I just hope that once they bail them out, they take away the cards.

I also heard that the banks are giving less time between the time you receive the bill and the time payment is due, so be sure to check the due date when it arrives.

I've started using a debit card. My boys use them all the time and have often teased me about charging and writing checks. I love the debit card. I stayed away from it for so long because I thought I wouldn't keep track in my check book, but I am doing so. The boys keep track online. I'm not there yet. And, I love not charging or writing a check. That check writing takes so much time. Anyone else doing debit cards? I'm probably the last one to join the debit troups. Am I?
_________________________
Founder Emeritus of Boomer Women Speak and the National Association of Baby Boomer Women.
www.nabbw.com
www.boomerwomenspeak.com


Top
#177303 - 03/16/09 09:04 PM Re: Credit card debt [Re: Dotsie]
chatty lady Offline
Writer

Registered: 02/24/04
Posts: 20267
Loc: Nevada
Three years ago I managed to pay off all my (6) major credit card debt, most charged by my ex when we were together. I use checks or debit cards and thats it. I am debt free and wouldn't accept a credit card if it were made of gold and they paid me to use it.

Been there - done that!

It actually feels so much better just waiting for something if money is tight or making due with whats available. Once you become use to doing that it is really quite easy.
_________________________
Take a peek at my BLOG:

http://charleen-micheles.blogspot.com/


Top
#177329 - 03/16/09 10:12 PM Re: Credit card debt [Re: chatty lady]
celtic_flame Offline


Registered: 11/24/06
Posts: 2930
Loc: Belfast/Northern Ireland
i been doing debits for awhile dotsie.

i used to joke that no matter how bad my spelling is and handwritten is they still cashed my cheeks, i refused to have one untill i was 25 becouse i was so embarised with my writeng and spelling. So when debit cards came along i probabilie was first their lol.

i do have credit cards and been using them more latlie than ever before, as a fall back on and good job i have them as well. I seen frends going without heat and stuff they should't be going without becouse they dind't have cards or overdrafts. So i am luckie but keep telling my frends its limited convinense as it is not free monie...

once in my life my parents bailed me out and i been away from home since i was 16, it bonkers how much parents are paying for thir kids debt and from what i can see they go straight back to running up more debt asap. I just don't understand why kids and parents are doing what they do.
_________________________
"Our attitude either gets in the way or creates a way," Sam Glenn

Top
#177334 - 03/16/09 10:27 PM Re: Credit card debt [Re: celtic_flame]
Lola Offline
Member

Registered: 06/23/06
Posts: 3703
Loc: London UK
Okay. A little trivia. Did you know that cheques commonly issued by the banks in the UK are crossed cheques? One cannot simply write "Pay to Cash" to payee.
_________________________
<><

Top
#177337 - 03/16/09 10:30 PM Re: Credit card debt [Re: Lola]
celtic_flame Offline


Registered: 11/24/06
Posts: 2930
Loc: Belfast/Northern Ireland
i always though the cheques were that way so if lost they could't be redemed for cash.

i guessing its diffrent in usa that why your bringing it up
_________________________
"Our attitude either gets in the way or creates a way," Sam Glenn

Top
#177338 - 03/16/09 10:31 PM Re: Credit card debt [Re: Lola]
Happy Birthday Anno Offline
Member

Registered: 09/15/05
Posts: 4434
Loc: Minneapolis Minnesota
Could you explain a bit more, Lola?

It is difficult here to just cash a check, even if you have written it yourself. I guess that is when I use my debit card.
_________________________
Follow our story of living, loving and laughing with a debilitating disease:

http://www.multiplesystematrophyandshy-drager.blogspot.com

Top
#177344 - 03/16/09 10:52 PM Re: Credit card debt [Re: Anno]
Lola Offline
Member

Registered: 06/23/06
Posts: 3703
Loc: London UK
Whereas in the States, cheques are blank, in that that they do not have the two lines drawn on the face of the cheques, in the UK all cheques are issued with pre-printed double lines across it. Generally, cheques issued here are for deposit to accounts and do not convert to cash from the bank teller (or cashier, as they're called here). One goes through a lot of security checks and endorsements by the person issuing the cheques to encash a crossed cheque. And even then, it rarely happens because of the bother. So, even if I wrote out a cheque to your name, you would have to deposit that and it goes through a clearing period. No one writes "Pay to Cash" here.
_________________________
<><

Top
#177345 - 03/16/09 10:56 PM Re: Credit card debt [Re: Lola]
Lola Offline
Member

Registered: 06/23/06
Posts: 3703
Loc: London UK
_________________________
<><

Top
#177347 - 03/16/09 11:05 PM Re: Credit card debt [Re: Lola]
chatty lady Offline
Writer

Registered: 02/24/04
Posts: 20267
Loc: Nevada
Checks here are a breeze to cash, even the casinos cash them if say you don't have a bank account. BUT if the check is from outside the US the banks put a 15 day hold before cashing it.
_________________________
Take a peek at my BLOG:

http://charleen-micheles.blogspot.com/


Top
#177407 - 03/17/09 07:02 PM Re: Credit card debt [Re: chatty lady]
celtic_flame Offline


Registered: 11/24/06
Posts: 2930
Loc: Belfast/Northern Ireland
i confused why would you go to a bank stand in a cue in a bank to get monie from a chequek and not just get it out of your bank account anyway, weer the cash be comming from?

I see the point if casinoes and such cash them for convienses. Dose all big busnesses cash cheques or is it the nature of people needing cash quick that has the casinos changing cheques to cash?

I thinking we can't get buy without a bank account heer but one possiblie could in usa.
_________________________
"Our attitude either gets in the way or creates a way," Sam Glenn

Top
#177408 - 03/17/09 07:03 PM Re: Credit card debt [Re: celtic_flame]
celtic_flame Offline


Registered: 11/24/06
Posts: 2930
Loc: Belfast/Northern Ireland
oh its hard with great security such as driving licsense and passports and utilitie bills being needed to open bank or building society accounts.

how easie is it to open one is usa?
_________________________
"Our attitude either gets in the way or creates a way," Sam Glenn

Top
#177465 - 03/18/09 12:05 AM Re: Credit card debt [Re: celtic_flame]
chatty lady Offline
Writer

Registered: 02/24/04
Posts: 20267
Loc: Nevada
Opening an account: It is as easy as falling off a log. Sometimes there is a minimum deposit of say $25.00 ut thats abbout it to open a saving or checking account.

Cashing checks: Its to cash checks from other people Celtic. I edit for a lot of people here in Nevada and they pay me by check. Sometimes I deposit them and take out cash but sometimes I just cash the checks without making a deposit first... However out of the country checks no one will cash for at least 10 to 15 days even if you deposit it thres a hold on that money until it clears.
_________________________
Take a peek at my BLOG:

http://charleen-micheles.blogspot.com/


Top
#177489 - 03/18/09 06:26 AM Re: Credit card debt [Re: chatty lady]
gims Offline
Member

Registered: 01/16/07
Posts: 3402
Loc: USA
We have check cashing stores in Texas. I'd be surprised if they aren't nationwide. They charge a fee to give you cash for the 'check.' For some, it must be worth it (illegals)... there's a check-stop on every street in town. Otherwise, in Texas, you can cash a check, whether drawn on your own account or that of someone else, if you have an established account with the bank you try and cash it with.
lola, our checks look very similar... lines, 4 in total - one for the date, one for the payee, one for the written amount, and the one on the bottom left for a description of the disbursement. And, of course the little box, or area for the numerical amount. I haven't seen a check without lines since I was a wee one.

Top
#177490 - 03/18/09 06:33 AM Re: Credit card debt [Re: gims]
Lola Offline
Member

Registered: 06/23/06
Posts: 3703
Loc: London UK
Gims, the difference is in the pre-printed lines with pre-printed "Account Payee" across and in the centre of the cheque. That's how cheques look like here.
_________________________
<><

Top
#177492 - 03/18/09 07:18 AM Re: Credit card debt [Re: Lola]
gims Offline
Member

Registered: 01/16/07
Posts: 3402
Loc: USA
ahhh, got it... the 'account payee' making the difference...

Top
#177502 - 03/18/09 10:54 AM Re: Credit card debt [Re: gims]
celtic_flame Offline


Registered: 11/24/06
Posts: 2930
Loc: Belfast/Northern Ireland
yep and the lines going diagonalie across the cheque, i seem to rember my dad having to write them in ...i almost sure of that but i onlie knowen my chekes to have diagonal crosses, so they can't be cashed for cash if lost lol.
_________________________
"Our attitude either gets in the way or creates a way," Sam Glenn

Top
#177505 - 03/18/09 11:27 AM Re: Credit card debt [Re: celtic_flame]
Dotsie Offline
Founder

Registered: 07/09/08
Posts: 23647
Loc: Maryland
chatty and gims are right on with their explanations.

Most stores charge at least a $25.00 fee if you bounce a check, meaning write a check with insufficient funds. The bank also cahrges a fee. I saw a sign in the store the other day - $40.00 fee for bad checks.
_________________________
Founder Emeritus of Boomer Women Speak and the National Association of Baby Boomer Women.
www.nabbw.com
www.boomerwomenspeak.com


Top
#177528 - 03/18/09 04:59 PM Re: Credit card debt [Re: Dotsie]
Ellemm Offline


Registered: 11/04/08
Posts: 601
I don't think only illegals use check-cashing stores by a long shot. Some people don't have cars and can't easily travel to a branch bank. (this is like when we assume that everyone has easy access to a good grocery store. No, they don't.) Some people like the neighborhood convenience, some need the cash without a waiting period, and some like doing all their business in one spot: pay bills, get money order, etc. They tend to serve primarily poorer people, but I know folks who use them.


Edited by Ellemm (03/18/09 06:22 PM)

Top
#177544 - 03/18/09 07:11 PM Re: Credit card debt [Re: Ellemm]
meredithbead Offline
The Divine Ms M

Registered: 07/07/03
Posts: 4894
Loc: Orange County, California
My personal checking account is used almost exclusively for business. Credit cards are used for business, and everything else. When debit cards arrive in the mail, we cut them up. To me, it's one more thing to keep track of.
_________________________
My handcrafted jewelry:
limited edition designs
more jewelry, plus bead supplies

Poet and essayist

Top
#177550 - 03/18/09 07:31 PM Re: Credit card debt [Re: Ellemm]
orchid Offline


Registered: 01/21/07
Posts: 3675
Loc: British Columbia, Canada
Originally Posted By: Ellemm
I don't think only illegals use check-cashing stores by a long shot. Some people don't have cars and can't easily travel to a branch bank. (this is like when we assume that everyone has easy access to a good grocery store. No, they don't.) Some people like the neighborhood convenience, some need the cash without a waiting period, and some like doing all their business in one spot: pay bills, get money order, etc. They tend to serve primarily poorer people, but I know folks who use them.


You are correct Ellenm, in Canada we call them pay-day stores. They can be found in most cities. Not sure about rural areas. They do tend to be used by primarily poorer people --who are desperate, need money immediately but unable to discpline and plan their spending...or they are financially illiterate. ie. they don't realize how much they are being ripped off by these "stores".

The legal aid lawyers in Canada and U.S. who work with poor, get really pissed off how much of a scam these pay-day stores are. I know so, because I worked for a non-profit, legal aid organization that wanted to introduce legislation to control these operations more rigorously. I know it was debated a few years ago in the legislatures in British Columbia and Ontario...the debates are recorded in the minutes of legislative debate.
_________________________
http://cyclewriteblog.wordpress.com/ (How cycling leads to other types of adventures, thoughts)
http://velourbansism.wordpress.com


Top
#177554 - 03/18/09 07:50 PM Re: Credit card debt [Re: orchid]
celtic_flame Offline


Registered: 11/24/06
Posts: 2930
Loc: Belfast/Northern Ireland
whats sad and i think one point your making is if its needed to be controled paybee for % of cashing fees i am assuming, then thats the pooerest or more desprite section paying over the odds and of course thir the ones that more licklie to need thir cash.
_________________________
"Our attitude either gets in the way or creates a way," Sam Glenn

Top
#177557 - 03/18/09 08:19 PM Re: Credit card debt [Re: celtic_flame]
Ellemm Offline


Registered: 11/04/08
Posts: 601
Yup, you got it. We ordinary people like to complain about credit card rates, but they are nothing compared to payday loans, which can legally charge astonomical rates. So poorer people have more difficulty getting out of debt because they're in hock to these folks forever.

Some people truly don't manage their money very well, but a lot of folks make so little that one relatively minor emergency -- a car repair, a doctor's bill, a larger utility bill, etc. -- can leave them with no funds AND no way out or they'll bounce checks or lose the job they have and be out in the street. So then the loan spiral starts.

Top
#177573 - 03/18/09 09:38 PM Re: Credit card debt [Re: Dotsie]
chatty lady Offline
Writer

Registered: 02/24/04
Posts: 20267
Loc: Nevada
I have never written a single Insufficient Funds check, luckily I never put my EX on my bank accounts. I also never tell anyone my pin numbers.
_________________________
Take a peek at my BLOG:

http://charleen-micheles.blogspot.com/


Top
#177582 - 03/18/09 11:17 PM Re: Credit card debt [Re: chatty lady]
chickadee Offline
Member

Registered: 09/26/04
Posts: 3910
Loc: Alabama
Chatty delete this post. You can be found.I had someone read what I wrote on here and....well just delete that info Chatty.
_________________________
chick
~ Here is the test to find whether your mission on Earth is finished: if you're alive, it isn't ~
~ Prayer is the most we can do for another human being ~

Top
#177611 - 03/19/09 08:55 PM Re: Credit card debt [Re: chickadee]
chatty lady Offline
Writer

Registered: 02/24/04
Posts: 20267
Loc: Nevada
Okay Chick, I removed part of the post in question. Thanks for thinking of me, I wasn't thinking outside of BWS, and that can be dangerous I know.
_________________________
Take a peek at my BLOG:

http://charleen-micheles.blogspot.com/


Top
#177617 - 03/19/09 09:11 PM Re: Credit card debt [Re: chatty lady]
Dotsie Offline
Founder

Registered: 07/09/08
Posts: 23647
Loc: Maryland
Glad you did so chats.
_________________________
Founder Emeritus of Boomer Women Speak and the National Association of Baby Boomer Women.
www.nabbw.com
www.boomerwomenspeak.com


Top
#177636 - 03/20/09 01:51 AM Re: Credit card debt [Re: Ellemm]
Mama Red Offline


Registered: 08/12/08
Posts: 676
Loc: Wauconda, IL
My son was one of those...which is one of the reasons he is living with us right now. Granted, he made some poor choices (keeping my mouth shut on that issue is a real challenge) and he is one of those unskilled folks scrambling to better himself while making 8-9/hour!

He got a couple of those payday loans because he didn't want to "bother" me. Oh my! Rough lesson to learn!
_________________________
Love and light, hugs and blessings

MamaRed (Jerilynne)
www.mamaredspeaks.com
www.onemillionacts.com
Coming Summer 2009 "Kick-Butt Kindness: 52 No Cost Ways to Ripple Kindness 'Round the World"

Let's create Kick-Butt-and-Take-Names Lives!

Top
#177685 - 03/20/09 09:12 PM Re: Credit card debt [Re: Mama Red]
Dotsie Offline
Founder

Registered: 07/09/08
Posts: 23647
Loc: Maryland
I'm guessing he's in his 20s? Hopefully they learn while they're young and won't make the same mistake twice.
_________________________
Founder Emeritus of Boomer Women Speak and the National Association of Baby Boomer Women.
www.nabbw.com
www.boomerwomenspeak.com


Top
#177723 - 03/21/09 12:28 PM Re: Credit card debt [Re: Dotsie]
Ellemm Offline


Registered: 11/04/08
Posts: 601
I'm sorry to hear about your son, but glad to know that you are there to help him. My own daughter ran up signifcant bills on several store credit cards. She just didn't 'get' how the bills grow if you only pay the minimum amount until I showed her about finance charges, etc. Like all of us, she was horrified and felt stupid, but lesson learned. This stuff is so easy to fall into, not so much to get out of.

Top
Page 1 of 4 1 2 3 4 >



NABBW.com | Forum Testimonials | Newsletter Sign Up | View Our Newsletter | Advertise With Us
About the Founder | Media Room | Contact BWS
Resources for Women | Boomer Books | Recent Reads | Boomer Links | Our Voices | Home

Boomer Women Speak
9672 W US Highway 20, Galena, IL 61036 • info@boomerwomenspeak.com • 1-877-BOOMERZ

Boomer Women Speak cannot be held accountable for any personal relationships or meetings face-to-face that develop because of interaction with the forums. In addition, we cannot be held accountable for any information posted in Boomer Women Speak forums.

Boomer Women Speak does not represent or endorse the reliability of any information or offers in connection with advertisements,
articles or other information displayed on our site. Please do your own due diligence when viewing our information.

Privacy PolicyTerms of UseDisclaimer

Copyright 2002-2019 • Boomer Women SpeakBoomerCo Inc. • All rights reserved