Managing credit

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Originally Posted by garrycol

You have that wrong - see Ean's eloquent response.

We all have our own way of managing things and if that works for them that is great.

Cheers

Garry

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A thousand apologies, no offence meant, Bob

I am retired, I use a credit card daily, in fact to pay most things, & I am not inept with my finances. Whatever I spend every month, I repay, in full, at the end of that month.
That means that at the end of the bankcard "period", I can have used the Bank's money for up to 59 days & have paid NO interest, which is what I do, EVERY month.
People/do-gooders, blame the banks for almost all of their woes, the simple fact is, that if you use just a little bit of COMMON SENSE, you can utilise all of any Bank's facilities for NOTHING.
Pickles.

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Originally Posted by bob10

Cheers, it's a curse, sticking up for the underdog. :angel: Bob

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No offence was taken - if you misunderstood so would others - maybe I need to express myself a little better:angel:.

Cheers

Garry

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Originally Posted by garrycol

No offence was taken - if you misunderstood so would others - maybe I need to express myself a little better:angel:.

Cheers

Garry

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Perhaps others are brighter than I , it's a bugger getting older, Bob

Credit isn't wrong, its useful, but 18% interest is obscene, I think.

Sent from my GT-P5210 using AULRO mobile app

If you think 18% interest on the amount people would have on a credit card is tough, imagine what it was like for those of us who were paying 18% on our home loan.

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Originally Posted by DiscoMick

Credit isn't wrong, its useful, but 18% interest is obscene, I think.

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Well don't get a Credit Card with 18% interest - no one is forcing you to use a card with that interest rate.

Plenty down less than 12%

InfoChoice | Compare Low Interest Rate Credit Cards

Garry

I remember when my mortgage was 16.5% in the days before Hawke and Keating freed up the 'Banana Republic' financial system we had inherited from previous governments.
You're right Garrycol, that's exactly what we've done, already got one. We're voting with our feet.

We use our credit card for everything we buy each month, our savings are earning interest through the month, then pay the c/card out in full ON the due date and I can't remember when we last paid interest. We also get some nice gifts for using our c/card as others have said:D

Mrs hh:angel:

I admire people who can use the system to their advantage. However, we have paid off a Mortgage, put 4 children thru private schools, maintained 2 vehicles , and had holidays overseas, all without a credit card. Each to their own, I say. Bob