Comments on: More Reasons To Cut Up Your Credit Cards http://www.moneycrashers.com/more-reasons-to-cut-up-your-credit-cards/?utm_source=rss&utm_medium=rss&utm_campaign=more-reasons-to-cut-up-your-credit-cards personal finance blog Sat, 21 Nov 2009 04:07:50 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: ekrabs http://www.moneycrashers.com/more-reasons-to-cut-up-your-credit-cards/comment-page-1/#comment-6070 ekrabs Fri, 18 Jul 2008 19:52:03 +0000 http://www.moneycrashers.com/?p=591#comment-6070 Weeeell, I have to agree with J. It depends on your personal finance skills. However, I also agree that there are a lot of unscrupulous credit card companies out there. To be fair, I also think there are some decent credit card companies as well. And if you have the skills to tame it, you can have it "pay you back" in the way of mileage perks, reward points, and cash back. But again, it depends on your personal finance skills. Weeeell, I have to agree with J. It depends on your personal finance skills.

However, I also agree that there are a lot of unscrupulous credit card companies out there.

To be fair, I also think there are some decent credit card companies as well. And if you have the skills to tame it, you can have it “pay you back” in the way of mileage perks, reward points, and cash back.

But again, it depends on your personal finance skills.

]]> By: author http://www.moneycrashers.com/more-reasons-to-cut-up-your-credit-cards/comment-page-1/#comment-6040 author Wed, 09 Jul 2008 01:51:48 +0000 http://www.moneycrashers.com/?p=591#comment-6040 J, I agree with you that the lack of personal responsibility is the reason for credit card abuse, but it is my belief that credit cards are bad financial products. They have a very long track record of creating policies, fees, and exorbitant interest rates that do not help the consumer. J, I agree with you that the lack of personal responsibility is the reason for credit card abuse, but it is my belief that credit cards are bad financial products. They have a very long track record of creating policies, fees, and exorbitant interest rates that do not help the consumer.

]]> By: J http://www.moneycrashers.com/more-reasons-to-cut-up-your-credit-cards/comment-page-1/#comment-6039 J Fri, 04 Jul 2008 16:30:56 +0000 http://www.moneycrashers.com/?p=591#comment-6039 Did any of the "research" you quote above account for the fact that those without credit cards spent less because they have less money to spend ... with poor money management resulting in either an inability to obtain a credit card, or having only cards that are maxed out. You continue this crusade to show that credit cards cause irresponsibility, when it's really irresponsibility that causes problems with credit cards. Did any of the “research” you quote above account for the fact that those without credit cards spent less because they have less money to spend … with poor money management resulting in either an inability to obtain a credit card, or having only cards that are maxed out.

You continue this crusade to show that credit cards cause irresponsibility, when it’s really irresponsibility that causes problems with credit cards.

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