Comments on: Keep Your New Year’s Resolution by Going Into MORE Debt? http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/ Wise Choices. Improved Finances. A Better Life. Fri, 19 Mar 2010 03:20:26 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Ron http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/comment-page-1/#comment-638 Ron Tue, 26 Feb 2008 23:50:38 +0000 http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/#comment-638 @Adfecto If you've got the self discipline, then I'm cheering you on. Moving it to a 0% interest rate is fabulous so long as you don't run up the old accounts. Wow, 6 months? @Adfecto
If you’ve got the self discipline, then I’m cheering you on. Moving it to a 0% interest rate is fabulous so long as you don’t run up the old accounts.

Wow, 6 months?

]]> By: Adfecto http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/comment-page-1/#comment-633 Adfecto Tue, 26 Feb 2008 21:57:23 +0000 http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/#comment-633 I actually did move some debt around to get a year of 0% interest for 2008. It will save me hundreds in interest payments. I'm still struggling some to stick to my accelerated payment schedule, and I certainly haven't added any more debt. By using these offers I will be debt free 6 months earlier (24 rather than 30). I don't advise this for everyone but for some it is very worthwhile. I actually did move some debt around to get a year of 0% interest for 2008. It will save me hundreds in interest payments. I’m still struggling some to stick to my accelerated payment schedule, and I certainly haven’t added any more debt. By using these offers I will be debt free 6 months earlier (24 rather than 30). I don’t advise this for everyone but for some it is very worthwhile.

]]> By: Ron http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/comment-page-1/#comment-612 Ron Tue, 26 Feb 2008 04:40:40 +0000 http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/#comment-612 @My Dollar Plan If you can pull it off, believe me, I'm cheering you on from the sidelines. I actually love hearing stories of how people stuck it to the credit card companies! I just don't think I could manage an arbitrage with everything else that's going on in my life :) @My Dollar Plan
If you can pull it off, believe me, I’m cheering you on from the sidelines. I actually love hearing stories of how people stuck it to the credit card companies! I just don’t think I could manage an arbitrage with everything else that’s going on in my life :)

]]> By: Ron http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/comment-page-1/#comment-603 Ron Tue, 26 Feb 2008 03:46:49 +0000 http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/#comment-603 @Frugal Dad Thanks. Getting a debt consolidation loan is like having your wheels in the sand. You make a lot of noise and burn a lot of gas, but you really don't get anywhere. @Frugal Dad
Thanks. Getting a debt consolidation loan is like having your wheels in the sand. You make a lot of noise and burn a lot of gas, but you really don’t get anywhere.

]]> By: My Dollar Plan http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/comment-page-1/#comment-611 My Dollar Plan Tue, 26 Feb 2008 03:33:25 +0000 http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/#comment-611 Of course I fall into the arbitrage gang, but I agree that it is not for everyone. In fact it is not for most people. Using credit cards takes discipline and I commend people for realizing that consolidation allows people to get further into debt if you aren't careful. Of course I fall into the arbitrage gang, but I agree that it is not for everyone. In fact it is not for most people. Using credit cards takes discipline and I commend people for realizing that consolidation allows people to get further into debt if you aren’t careful.

]]> By: Ron http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/comment-page-1/#comment-606 Ron Mon, 25 Feb 2008 17:48:11 +0000 http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/#comment-606 @Debt Free Revolution I'm sorry about the Kontera links. They went crazy on this one. I've restricted them to just a paragraph or two, so hopefully that will help. @Debt Free Revolution
I’m sorry about the Kontera links. They went crazy on this one. I’ve restricted them to just a paragraph or two, so hopefully that will help.

]]> By: Debt Free Revolution http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/comment-page-1/#comment-604 Debt Free Revolution Mon, 25 Feb 2008 16:20:37 +0000 http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/#comment-604 It's definitely a paradox: get a loan to get out of debt. They call it "marketing" whereas I call it a lie. Yes I am quite harsh, especially with citibank. If you think it's appropriate, I have an even better post about Citibank: <a href="http://www.debtfree-revolution.com/2008/01/15/i-hate-citibank/" title="I hate Citibank" rel="nofollow">I Hate Citibank</a> PS- and the kontera links are really nuts on this post! And shoved in the comments! It’s definitely a paradox: get a loan to get out of debt. They call it “marketing” whereas I call it a lie. Yes I am quite harsh, especially with citibank. If you think it’s appropriate, I have an even better post about Citibank:
I Hate Citibank

PS- and the kontera links are really nuts on this post! And shoved in the comments!

]]> By: Frugal Dad http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/comment-page-1/#comment-600 Frugal Dad Mon, 25 Feb 2008 13:25:29 +0000 http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/#comment-600 That's one of the real dangers of consolidation loans - you actually feel like you did something! In fact, you just changed the name on your debt to protect the innocent. That’s one of the real dangers of consolidation loans – you actually feel like you did something! In fact, you just changed the name on your debt to protect the innocent.

]]> By: glblguy http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/comment-page-1/#comment-595 glblguy Mon, 25 Feb 2008 10:46:43 +0000 http://www.thewisdomjournal.com/Blog/citibank-new-years-resolution/#comment-595 Good perspective Ron. Thanks for the inclusion! Good perspective Ron. Thanks for the inclusion!

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