Comments on: The Top 10 Consumer Credit Events Of 2009 http://www.thewisdomjournal.com/Blog/top-10-consumer-credit-events-of-2009/ Wise Choices. Improved Finances. A Better Life. Fri, 19 Mar 2010 21:09:57 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Nick http://www.thewisdomjournal.com/Blog/top-10-consumer-credit-events-of-2009/comment-page-1/#comment-12894 Nick Fri, 08 Jan 2010 16:39:21 +0000 http://www.thewisdomjournal.com/Blog/?p=927#comment-12894 Thanks for the concise information, put forward in an easy to read format. On a personal note, In the last couple of years I always felt like I was at the bottom of the 'Credit card' prestige ladder. I have just one Credit card (citi) a low credit limit (1,500) I score in the mid 700's, keep my statement balance below 8% whenever possible and pay that off completely when due. Over the past couple of years my APR's went up, but it didn't really bother me as I never carried a balance. I felt that Citi should of at the very least have increased my credit limit but figured that I didn't deserve it in their eyes and figuring I was low on the totem pole decided on not even bothering to ask for a creditline increase. Now of course, I am very happy and tickled pink at the prospect of being towards the middle of the ladder if not higher, ow. I have no worries about my APR going up and in turn Citi keeps me at 23.99 % (just raised it from 19.99) If i make a purchase once a month for 6 months they will lower it by a measly 1% but who cares ? i don't carry a balance anyway. I feel very sorry for all the people that got the credit card bait and switch hook on the APR's but that's the gamble. Thank goodness that my Credit limit is low anyway because I can't imagine them lowering it for any reason as it's probably the lowest it can be. I will just ride the credit plunge out and be very happy that I am accustomed to paying most of my things in cash. When i get the urge to buy a specific product I don't really need (like a Nikon SLR etc) I go window shopping online and that seems to lessen the urge of that impulsive buy, I think thats the problem in the USA, people just let there impulses go rampant and credit cards make it so easy to purchase things that later just sit around gathering dust. Good luck to all Thanks for the concise information, put forward in an easy to read format. On a personal note, In the last couple of years I always felt like I was at the bottom of the ‘Credit card’ prestige ladder.

I have just one Credit card (citi) a low credit limit (1,500) I score in the mid 700’s, keep my statement balance below 8% whenever possible and pay that off completely when due. Over the past couple of years my APR’s went up, but it didn’t really bother me as I never carried a balance.

I felt that Citi should of at the very least have increased my credit limit but figured that I didn’t deserve it in their eyes and figuring I was low on the totem pole decided on not even bothering to ask for a creditline increase.

Now of course, I am very happy and tickled pink at the prospect of being towards the middle of the ladder if not higher, ow. I have no worries about my APR going up and in turn Citi keeps me at 23.99 % (just raised it from 19.99) If i make a purchase once a month for 6 months they will lower it by a measly 1% but who cares ? i don’t carry a balance anyway.

I feel very sorry for all the people that got the credit card bait and switch hook on the APR’s but that’s the gamble. Thank goodness that my Credit limit is low anyway because I can’t imagine them lowering it for any reason as it’s probably the lowest it can be.

I will just ride the credit plunge out and be very happy that I am accustomed to paying most of my things in cash. When i get the urge to buy a specific product I don’t really need (like a Nikon SLR etc) I go window shopping online and that seems to lessen the urge of that impulsive buy, I think thats the problem in the USA, people just let there impulses go rampant and credit cards make it so easy to purchase things that later just sit around gathering dust.

Good luck to all

]]> By: Friday Gathering: Daylight Savings Edition http://www.thewisdomjournal.com/Blog/top-10-consumer-credit-events-of-2009/comment-page-1/#comment-12152 Friday Gathering: Daylight Savings Edition Mon, 09 Nov 2009 09:01:32 +0000 http://www.thewisdomjournal.com/Blog/?p=927#comment-12152 [...] from the Wisdom Journal posted the top 10 consumer credit card events of 2009 – a good read. I am not sure that our current credit paradigm is going to last much [...] [...] from the Wisdom Journal posted the top 10 consumer credit card events of 2009 – a good read. I am not sure that our current credit paradigm is going to last much [...]

]]> By: Abdullah http://www.thewisdomjournal.com/Blog/top-10-consumer-credit-events-of-2009/comment-page-1/#comment-12135 Abdullah Fri, 06 Nov 2009 23:55:15 +0000 http://www.thewisdomjournal.com/Blog/?p=927#comment-12135 Thanks for informing us of the different credit card changes during 2009. I was not aware of over half of these changes. I am glad though that the government has finally stepped in to put a healthy freeze on the exploding interest rates that credit card companies are charging their clients. Thanks for informing us of the different credit card changes during 2009. I was not aware of over half of these changes. I am glad though that the government has finally stepped in to put a healthy freeze on the exploding interest rates that credit card companies are charging their clients.

]]> By: Credit Girl http://www.thewisdomjournal.com/Blog/top-10-consumer-credit-events-of-2009/comment-page-1/#comment-12131 Credit Girl Fri, 06 Nov 2009 17:10:06 +0000 http://www.thewisdomjournal.com/Blog/?p=927#comment-12131 I had no idea that Citi added an additional fee for tickets! Guess it is important to read the fine print, especially with all these little fees and regulations with credit card companies. I had no idea that Citi added an additional fee for tickets! Guess it is important to read the fine print, especially with all these little fees and regulations with credit card companies.

]]> By: Credit Card Chaser http://www.thewisdomjournal.com/Blog/top-10-consumer-credit-events-of-2009/comment-page-1/#comment-12124 Credit Card Chaser Fri, 06 Nov 2009 05:36:47 +0000 http://www.thewisdomjournal.com/Blog/?p=927#comment-12124 Nice job of detailing all of the recent changes. I liked this interview style of post too. Nice job of detailing all of the recent changes. I liked this interview style of post too.

]]> By: fwisp.com http://www.thewisdomjournal.com/Blog/top-10-consumer-credit-events-of-2009/comment-page-1/#comment-12120 fwisp.com Thu, 05 Nov 2009 15:17:57 +0000 http://www.thewisdomjournal.com/Blog/?p=927#comment-12120 <strong>Top 10 Consumer Credit Events Of 2009...</strong> Consumers became more diligent in shopping around for the best credit card deals, rather than accepting negative changes to their credit lines and home buyers were encouraged to take advantage of a $8000 first-time home buyer tax credit, even in the mi... Top 10 Consumer Credit Events Of 2009…

Consumers became more diligent in shopping around for the best credit card deals, rather than accepting negative changes to their credit lines and home buyers were encouraged to take advantage of a $8000 first-time home buyer tax credit, even in the mi…

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