This is from my "Credit Watch" e-mail from Equifax: "TIP OF THE WEEK How can you tell if you have too much credit card debt? A good rule of thumb is to determine if you owe more than three times the amount you pay off in a given month. If so, you probably have too much credit card debt." So, there we have it , from the Horse's mouth: If you can't pay off your credit cards in 3 months you are overextended.
...BUT DO I WANT TO PAY OFF 0.00% or 1.90% IN 3 MONTHS??? NO!!! "IF" YOU WANT TO PAY EVERYTHING OFF IN 3 MONTHS...YOU MIGHT AS WELL WRITE A CHECK OR PAY CASH!!!
**99% OF ALL CREDIT CARD USERS ARE OVER-EXTENDED THEN... **The ones who REVOLVE for one reason or another... 0.00% FOR 15 MONTHS...WHY NOT??? 1.90% TILL DECEMBER 2003...WHY NOT???