Quote:
Originally Posted by Charlatan
I got rid of all my credit card debt two years ago. The little I had remaining at that time I consolidated into a prime +1 line of credit (which I paid off).
I now have two cards that I use every month to pay bills, etc. but I pay the full balance off at the end of every month. If the balance is higher than planned, I do without for the next month.
I was never happier than to rid my back of that particular monkey.
The only remaining debt is my mortgage.
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I'm like this - I haven't had a credit card for close to 15 years. I have 2 cards - an Amex charge card, which you have to pay off in full each month and a visa debit card (i.e. money in my bank account with a visa symbol on it). Really my only debt is the house mortgage. Happy times.
Having said that, I get a large number of 'pre-approved' credit card applications in the mail, all of which go straight in the bin.