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Originally Posted by hokieian
I think that like a lot of things, nobody ever really learns the lesson of credit cards until they have been in trouble with them.
You use them one day to go out with friends, swearing it is a one time thing and you won't use it any more, but three days later you forgot that you used it a couple days ago and charge your groceries on it. By the time you bill arrives, it looks hopeless. Then you get the attitude that since you are so far in debt already, you might as well charge another meal to your credit card, because another $30 isn't really going to matter anyway. And the evil downward spiral continues.
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You just told my life story of debt. The people that say they owe $2,000 make me very jealous. I don't know how much I owe and I don't even want to know right now. I know that my minimums are over $100 on a couple cards and that can't be good. I got my first card at 18 (2 of them actually). Then the store cards (bad idea), I am a recovering shopaholic. My mom bailed me out once when I was 19. Since then I have been on my own with my debt. I didn't learn my lesson. After 10 years of cards, 5 moves, and job losses, I am in too deep. I have bounced balances around to get lower interest, but it seems helpless.
Anyway, do banks give you loans without a house for equity? I figured if I can get them all on one bill I may be better off. Curious minds are asking...I think that between my husband and I, we have 5 or 6. We haven't used them in a while, but the balance never goes down.