Credit card repayment at 4-year low

Discussion in 'Credit Talk' started by PsychDoc, Nov 11, 2001.

  1. PsychDoc

    PsychDoc Well-Known Member

    FoxNews.com reports that we consumers are doing an increasingly terrible job of paying our credit card bills. The economy continues to take its toll. Here's the link:

    http://www.foxnews.com/story/0,2933,38271,00.html

    Doc
     
  2. breeze

    breeze Well-Known Member

    I am paying mine better than ever. :)
     
  3. lbrown59

    lbrown59 Well-Known Member

    That's cause F I C O cheats people by adding unjust fees and overcharges .
     
  4. Dani

    Dani Well-Known Member

    FICO has nothing to do with people not paying their bills on time. We are all responsible for the debt we incur. What I don't like is when creditors withhold the processing of payments so the customer incurs a late fee. But if we mail a payment two days after it is due, we know we're in the wrong and we have got to be more responsible.

    Dani
     
  5. PsychDoc

    PsychDoc Well-Known Member

    Re: Credit card repayment at 4-year

    Thanks for setting lbrown59 straight, Dani. He enjoys inserting FICO-paranoia comments in most any thread I originate. Unfortunately he's having trouble containing his knuckleheadedness this time too. :)

    Doc

    P.S. FICO burned my pancakes this morning.
     
  6. joe

    joe Well-Known Member

    Re: Credit card repayment at 4-year

    F.I.C.O. is giving George a headache...no kidding, really..just ask George. :):)
     
  7. Dani

    Dani Well-Known Member

    Re: Credit card repayment at 4-year

    P.S. FICO burned my pancakes this morning.

    Too funny, Doc. :)

    Dani
     
  8. Beaker

    Beaker Well-Known Member

    Re: Credit card repayment at 4-year

    Maybe FICO peed in his Cheerios once! hehe...
     
  9. lbrown59

    lbrown59 Well-Known Member

    It has every thing to do with it when it causes consumers to get flim flamed on their accounts.
     
  10. PsychDoc

    PsychDoc Well-Known Member

    Re: Credit card repayment at 4-year

    Oh boy...

    Doc :)
     
  11. Dani

    Dani Well-Known Member

    What is flim flamed? How can that be attributed to people not sending their payments out on time? Either you mail it on time or you don't.

    Dani
     
  12. lbrown59

    lbrown59 Well-Known Member

    You should never be considered late when the creditor controls the date paid!
     
  13. EddKey

    EddKey Member

    If you can avoid credit cards just avoid them....
     
  14. Momof3

    Momof3 Well-Known Member

    It's called a due date, you pay it and you are good to go, or are you saying you should pay your bills when it suits you?????
     
  15. lbrown59

    lbrown59 Well-Known Member

    Re: Credit card repayment at 4-year

    mine yours and most everybody elses:
    Hope you like urine!
     
  16. lbrown59

    lbrown59 Well-Known Member

    Seams some are coming up a corner short of a square when they read this, while others are coming out a dollar short of fifty cents.
     
  17. PsychDoc

    PsychDoc Well-Known Member

    Re: Credit card repayment at 4-year

    Please clarify. Were you confused by Momof3's point that creditors usually do set the due date? (After all, you agree to the terms of repayment when you borrowed their money.) Thanks,

    Doc
     
  18. lbrown59

    lbrown59 Well-Known Member

    Re: Credit card repayment at 4-year

    I'm talking about the date paid She referred to due date. The two are not one and the same.
     
  19. lbrown59

    lbrown59 Well-Known Member

    I didn't say anything about a due date.
    No, what I say is it's not right to hold you accountable for a paid date that you have no control over!
     
  20. Momof3

    Momof3 Well-Known Member

    Sorry I thought you were referring to the due date. I do however have much control over my creditors, I pay all of my bills online and I know when they are due and when they get paid.
     

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