Anonymous
Post 01/10/2014 21:34     Subject: Re:Damn Credit Card
That is terrible advice. Keep the card active, just don't carry around with you, or otherwise keep yourself from using it except in emergencies. Your credit score later will thank you.

I'm the one who offered this "terrible" advice -- it's not terrible. There are other ways to build a credit history than having THIS ONE credit card which s/he's already demonstrated a little bit of irresponsible behavior with (I'm not knocking you, OP - again, I've been there, seriously.)

It's awesome that YOU have the willpower to just stash a card in a drawer forever and never think about it. I have that willpower too -- at age 42. At age 21? Not so much. Sometimes it is better not to have the temptation. Only the OP can make the call on that.

NOt to mention the myth that closing a card will affect the length of credit history. Good trade lines stay (and count!) for 10 years. Bad ones, 7.

Good! Happy to be wrong. Even more reason to consider closing this card.
Anonymous
Post 01/10/2014 11:54     Subject: Re:Damn Credit Card
Anonymous wrote:
My one piece of advice is to cancel that card after you get it paid off. You will sustain a bit of a hit to your credit history, because one of the things the credit agencies consider is how long you've had credit. But really, that card is bad news, and cancelling it means you won't get into this trouble again.


That is terrible advice. Keep the card active, just don't carry around with you, or otherwise keep yourself from using it except in emergencies. Your credit score later will thank you.


NOt to mention the myth that closing a card will affect the length of credit history. Good trade lines stay (and count!) for 10 years. Bad ones, 7.
Anonymous
Post 01/10/2014 10:52     Subject: Re:Damn Credit Card
My one piece of advice is to cancel that card after you get it paid off. You will sustain a bit of a hit to your credit history, because one of the things the credit agencies consider is how long you've had credit. But really, that card is bad news, and cancelling it means you won't get into this trouble again.


That is terrible advice. Keep the card active, just don't carry around with you, or otherwise keep yourself from using it except in emergencies. Your credit score later will thank you.
Anonymous
Post 01/10/2014 10:14     Subject: Damn Credit Card
Anonymous wrote:Your mistake was wasting thousands on a mac.


While I don't know OP's situation, when I was in college, my program required a specific Mac laptop. I was a journalism student, and I know lots of arts majors also had requirements like this. I certainly didn't have money for it, but just like textbooks, it was a vital school supply.
Anonymous
Post 01/10/2014 07:48     Subject: Damn Credit Card
Anonymous wrote:Op here. Thanks for the advice ..no thanks on the sugar daddy that was awkward. I paid of half today and will pay off the other half in a month. Definitely gonna improve in my spending.


Good for you for taking responsibility and for making a plan! When I was 21, I was racking up thousands of dollars in credit card debt without knowing how bad things would get for me. Many of my friends were worse off than I was. It took me a long time to climb out of that.

Some of the people who post here love to come across like know-it-all assholes. But many of us have been in your shoes.

My one piece of advice is to cancel that card after you get it paid off. You will sustain a bit of a hit to your credit history, because one of the things the credit agencies consider is how long you've had credit. But really, that card is bad news, and cancelling it means you won't get into this trouble again.

Anonymous
Post 01/10/2014 07:34     Subject: Damn Credit Card
Anonymous wrote:http://sugardaddie.com/




whats THAT about?
Anonymous
Post 01/09/2014 21:42     Subject: Damn Credit Card
Op here. Thanks for the advice ..no thanks on the sugar daddy that was awkward. I paid of half today and will pay off the other half in a month. Definitely gonna improve in my spending.
Anonymous
Post 01/09/2014 17:41     Subject: Damn Credit Card
Anonymous wrote:
Anonymous wrote:OP here. Thanks for the feedback. I actually have the money to pay to off in my savings so I will be using that. This wasn't an impulse by .. I thought about my decision while waiting in line. Really though lesson learned.


If you didn't give it at least one night to sleep on it, my dear, that is the definition of an impulse buy.


Lol no kidding. I thought the same thing.
Anonymous
Post 01/09/2014 16:39     Subject: Damn Credit Card
Also, OP, start using a money tracking tool like Mint or LearnVest now, to start getting yourself in good money habits. These sites will help you set goals, pay off debt, and best, they make these things really visual, which is rewarding when learning about money. Good luck!
Anonymous
Post 01/09/2014 16:36     Subject: Damn Credit Card
http://sugardaddie.com/
Anonymous
Post 01/09/2014 16:36     Subject: Damn Credit Card
Anonymous wrote:OP here. Thanks for the feedback. I actually have the money to pay to off in my savings so I will be using that. This wasn't an impulse by .. I thought about my decision while waiting in line. Really though lesson learned.


If you didn't give it at least one night to sleep on it, my dear, that is the definition of an impulse buy.
Anonymous
Post 01/09/2014 16:35     Subject: Damn Credit Card
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It won't be waived. Your only other option is to do a balance transfer to another card with 0% interest and pay it all off within the period.


This is the only useful answer.

Signed,

A bankruptcy attorney


Np. Can I do this with my student loans?


Much, much more complicated, but there are things that can be done. Seek assistance of a consumer attorney who specializes in student loans.
Anonymous
Post 01/09/2014 16:15     Subject: Damn Credit Card
Glad to know that if your kids asked you for advice on how to handle a situation you'd tell them to solve their own issues. shitty parent.
Anonymous
Post 01/09/2014 13:14     Subject: Damn Credit Card
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:It won't be waived. Your only other option is to do a balance transfer to another card with 0% interest and pay it all off within the period.


This is the only useful answer.

Signed,

A bankruptcy attorney


If this were a responsible adult we're talking about then I agree with this approach...I do this as a means of making my money work for me instead of for the credit card company. So in the right hands, yes this is a very good financial tool but in the hands of OP? A 21 year old who didn't realize that his/her impulse purchase would eventually have to be paid for?

All this is doing is putting off the inevitable. If OP cant get a whopping her computer paid off- what makes you think putting it off onto another card for another year will help? OP will most likely do what he/she did with the first card. Put it away and forget about it until D-Day. Hell, at this rate she will have upgraded to another computer and still be paying for as computer that is now in a landfill.

Having said ALL that, if this were my kid I would have them move it to a 0% card and then monitor them to make sure it was getting paid off. Perhaps we can all become his/her parents and have him check in with us monthly with his pay-off progress

OP - Do you want to rent some responsible DCUM parents for a year? We won't charge you


If this were my kid, I'd tell them that they're 21 and they can solve their own problems.
Anonymous
Post 01/09/2014 11:37     Subject: Damn Credit Card
Anonymous wrote:It won't be waived. Your only other option is to do a balance transfer to another card with 0% interest and pay it all off within the period.


Don't forget about balance transfer fees, even if another card is offering 0% interest on the balance. They'll still charge you a fee to do it.