Credit card debt, terms limit holiday spending

[BonnieJW]

I hope everyone does this and puts the bastards out of business. It's great to think about what will happen to the bastard banks if everyone uses cash and pay off the cards.


Fed up, some consumers are paying with cash instead of plastic
By Allison Linn
Senior writer
updated 7:52 p.m. ET, Wed., Dec . 9, 2009
For Cathy Getz, the holiday season has always been a time to lavish her family with gifts — regardless of whether there was money to pay for it.

“If there was no money the card came out,” Getz said. “Anything that was on the list, so to speak, would be purchased, whether or not we could afford it. We always had plastic.”

This year, things are different: Fed up with rising fees and determined to pay off her debt from years past, Getz has cut up her credit cards. That means she’ll be spending less on Christmas presents for her kids and grandkids this year and thinking more about the spiritual side of the holiday season.

“It’s still going to be Christmas, but we’re not going to be overburdened with credit card debt or any other type of debt," Getz said.

As holiday season shoppers struggle with a difficult economy, one of the big issues many face is onerous credit card bills left over from years past, when credit was generally easier to come by and cheaper to maintain.



http://www.msnbc.msn.com/id/34347297/ns/business-consumer_news//

[xxqqqzme]

1. Everything I bought this year is

cash. I refuse to give these banksters anymore of my money than I have to. I cut up one card two years ago. I have one more to go. Paying cash makes you think about what you are buying - which is a good thing.

[psychmommy]

2. I am paying in cash. Already warned my daughter

Christmas would be different this year. Not spending a whole lot of money
and not having stress or worry this year. Just gonna enjoy my favorite stupid movies/music, get together with friends and family and truly stress the spiritual meaning of Christmas. I am enjoying the season much better this year. i wish everyone happy holidays here on du.