OT credit card debt

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http://www.cnbc.com/2016/03/10/us-credit-card-debt-balloons-to-917b-what-it-means.html

That's about $3000 for every man/woman/child in the country. Amazing.



--  

John Larkin         Highland Technology, Inc
picosecond timing   precision measurement  

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Re: OT credit card debt
On 3/10/2016 5:14 PM, John Larkin wrote:
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If you exclude those under 18 (23%), that makes it $4000 per.  The only  
times that I've owed $4000 was on mortgages.


Re: OT credit card debt
Bob Engelhardt wrote:
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You've never bought a new car? A newerish used car?

--  
Les Cargill

Re: OT credit card debt
On 3/10/2016 7:32 PM, Les Cargill wrote:
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Cash - works every time.

Re: OT credit card debt
On Thu, 10 Mar 2016 19:26:37 -0500, Bob Engelhardt

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Plus there's such great fun in hard-ball negotiating the price, with
the salesman thinking he's going to make it up in finance-company
kick-backs, then writing a check for the full price >:-}
        
                                        ...Jim Thompson
--  
| James E.Thompson                                 |    mens     |
| Analog Innovations                               |     et      |
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Re: OT credit card debt
On Thu, 10 Mar 2016 18:23:18 -0700, Jim Thompson

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Make the salesman happy. Finance the widget, grab any incentives, and
pay off the loan at the first billing.  We did that on a car and
picked up another grand.


Re: OT credit card debt
Jim Thompson wrote:
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You get the same basic thing with the appropriate credit
rating. And you'll very frequently get zero percent financing.

--  
Les Cargill

Re: OT credit card debt
On Thu, 10 Mar 2016 20:00:27 -0600, Les Cargill

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Often you get a better deal with credit because the seller gets a
kickback from the lender.  There is nothing illegal about taking the
deal and paying the loan off before interest is owed.

Re: OT credit card debt
krw wrote:
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I wouldn't and I haven't. Beside, the total interest load is either
zero or so little it's not worth worrying about. The present value of
the cash is much more than the cost of the credit.

--  
Les Cargill

Re: OT credit card debt
On Thu, 10 Mar 2016 23:12:29 -0600, Les Cargill

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As I said, I would and I have.  Saved $1K, once.

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Of course that depends.  

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There is no cost of credit if the debt is paid before the interest is
due.  A buck is a buck.





Re: OT credit card debt
Bob Engelhardt wrote:
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I suspect you mean "check" of some sort, otherwise....

A duffel bag fulla Benjamins is heavy :)

The other side of this is - if you have the credit rating,
you get zero percent financing pretty much
guaranteed these days. It's *crazy*.


--  
Les Cargill

Re: OT credit card debt
Bob Engelhardt wrote:
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   Except for airline tickets at the desk. Look forward to being  
disappeared.


Re: OT credit card debt
On 3/11/2016 12:39 AM, Robert Baer wrote:
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Oh, I use a credit card regularly - I just never have $4000 balances.  
Mine is a modest life style, you might say.

Bob

Re: OT credit card debt
On Thu, 10 Mar 2016 21:39:10 -0800, Robert Baer

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Yep.  That happened to my step-mother at LAX.  She paid for a plane
ticket to Canada in cash and was immediately detained on suspicion of
being a drug dealer.  She had to be rescued by her son, the attorney,
from what appeared to be an attempt to confiscate the rest of her cash
as "evidence" by the authorities.  Only when the phone started ringing
from the offices of some local VIP's and officials did they let her go
(minus about $100).


--  
Jeff Liebermann     snipped-for-privacy@cruzio.com
150 Felker St #D    http://www.LearnByDestroying.com
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Re: OT credit card debt
wrote:

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That can happen if you do what they think is too quick a turn-around.

Flew to Germany on a Sunday planning on a 4-day stay to conduct a
design review.

Things went so smoothly on Monday that I flew back on Tuesday.

In Dallas I was harassed, baggage totally emptied, etc., finally let
go after an hour.

They were so intent on drug sniffing they missed charging me duty for
the TWO QUART's of Russian Caviar I brought back ;-)
        
                                        ...Jim Thompson
--  
| James E.Thompson                                 |    mens     |
| Analog Innovations                               |     et      |
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Re: OT credit card debt
On Fri, 11 Mar 2016 10:50:08 -0700, Jim Thompson

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That's not surprising.  Everyone knows that a real engineer would not
hesitate to take an improptu tour of Germany, especially on his
clients expense account.  Also, design reviews always take several
days longer than originally planned.  If I were the TSA, I would
consider your actions to be highly suspicious and certainly not
typical.

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I guess the caviar sniffing dog was off duty.  However, if they had
discovered your stash of smuggled caviar, the TSA would have been even
more suspicious and detained you for much longer.  Engineers are
expected to live solely on takeout pizza.  Caviar, especially in such
large quantities, is well beyond the means and tastes of the typical
engineer.  The TSA would probably have dumped out the caviar looking
for drugs.  You were lucky.





--  
Jeff Liebermann     snipped-for-privacy@cruzio.com
150 Felker St #D    http://www.LearnByDestroying.com
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Re: OT credit card debt
On Thu, 10 Mar 2016 19:26:37 -0500, Bob Engelhardt

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Last time I sold a car, we were asking $11K or something. A guy looked
at it and offered me $10K in cash. Next day, he came by with a bag
full of money, and counted out $10K, in twenties as I recall.


--  

John Larkin         Highland Technology, Inc

lunatic fringe electronics  


Re: OT credit card debt
On Fri, 11 Mar 2016 08:29:34 -0800, John Larkin

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Was there white powder on the bills?  ...or sequential serial numbers?
;-)


Re: OT credit card debt
John Larkin wrote:
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   Damn good thing some greedy cop was nowhere insight, else the cash  
would have been stolen (err "confiscated") for it "crime" of existence.
   Ad maybe also anyone handling that money as being drug dealers...


Re: OT credit card debt
On 3/12/2016 4:17 AM, Robert Baer wrote:
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I wonder how Trump feels about Civil Forfeiture?

--  

Rick

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