Sunday, February 27, 2005
I love to say no to credit card companies. I have been on a anti-credit card rampage recently. I like nothing better than to call up the credit card company who just wasted 37 cents on mailing an application and telling them that I no longer want them to soliciate me through mailings.
Being the nerd that I am, I have been collecting credit card applications, not opening them, but simply just to see how many I might receive in the course of one month. I receieved over 25 mailings. Why us? We are the type to have a credit card for emergencies only, to buy airline tickets, and to make life simpler on a vacation. They are wasting their time with us.
However, it got me thinking...what a tricky business credit card companies run. They have your address for some reason, probably from the initial credit card you opened. They want you to open more cards, sinking you into more and more debt, only to come knocking on your door when you can't pay for them. An evil web. They would be happy if you had 15 credit cards.
When I was in my freshman year of college, I received my first credit card. I used it for stupid stuff like shopping and clothes. I soon realized that I had to pay for these things with my little work-study job at the public radio station. That didn't really work out. I had to pay it off over a year and learned an important lesson. Now, I understand that credit is a necessary evil. One must establish credit in order to get credit. For example, the necessary credit would be a car payment. Most folks do not have money laying around that they could buy a brand new car out right, but the people that sell the cars want you to establish some credit. So, you must have some credit. Ugh. So, now I know that credit is a balance. Use it wisely.
I make my car payment each month and I feel okay about that debt. But I never want to be in credit card debt. I won't. Everyone has different takes on this sensitive subject, but that is mine.
Posted by Sara at 11:10 AM