Credit card payment again

Philippines
March 16, 2016 7:51pm CST
Mom had already close that account but they had an agreement with the law firm that she will pay it a hundred dollars monthly. Unfortunately, she doesn't pay it monthly, unless I remind her to. Now, yet again we received a letter from the Law Firm reminding us to pay. This probably scared me because i thought the ones or twice call was enough, but now another letter So, right now I just hit back on those who responded on my last post and will head to the bank and settle this thing. I hope we settled this bill this year because we've been paying for it for the last decade and half. This is a lesson for me to never have a credit card, ever
8 people like this
10 responses
ingrid
@ridingbet (66854)
• Philippines
17 Mar 16
there are pros and cons of having a credit card, bu if you have a stable income. I have a card, but a debit card from mywallet where my PayPal account is into.
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
17 Mar 16
Well, we didn't have stable income back then. Right now we are just recovering from the last time it happened. I have a debit card too, since 2008
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
19 Mar 16
@ridingbet It's the union bank cyber eon card..since 2008
1 person likes this
ingrid
@ridingbet (66854)
• Philippines
18 Mar 16
@Letranknight2015 is that MyWallet too, hijo?
slund2041
@slund2041 (3314)
• United States
17 Mar 16
Credit cards can be nice if used properly. It is important that you pay it off each month, so not to en-cure interest fees though.
1 person likes this
slund2041
@slund2041 (3314)
• United States
18 Mar 16
@Letranknight2015 Yes, I understand.
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
17 Mar 16
Hello @slund2041 well, I wish that I can pay it off my money if i had one or two. so that we wouldn't have encounter these fees.
1 person likes this
Macarrosel
@Macarrosel (7498)
• Philippines
17 Mar 16
If your are an impulsive buyer, never get a credit card. Sometimes credit card is good but many times it is bad. Although it depends. Well, I have two credit cards and I used them very wisely to avoid being out of budget.
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
18 Mar 16
Well, It takes great maturity and responsibility to spent using credit card. Unless it's emergency and necessary, we can't just go spending the credit card. soon, were going to put an end to this debt.
1 person likes this
Reine25
@Lucky15 (37391)
• Philippines
17 Mar 16
no to credit card for me too
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
17 Mar 16
That's good for you @Lucky15
1 person likes this
Reine25
@Lucky15 (37391)
• Philippines
17 Mar 16
@Letranknight2015 my sister has an issue with t before, haha, so no for me
1 person likes this
jin
@Yar_Joey (3271)
• Philippines
19 Mar 16
hello my friend, how are you? I believe credit cards should ease us of our financial problems but only if you have a capital in it. I hope you will be able to resolve the problem
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
19 Mar 16
well, it wasn't my card to begin with but were happy that we'll be settling it very soon.
Kewkumber
@Ladypeace (2028)
• Singapore
18 Mar 16
Great lesson you've shared. Don't have a credit card and never going near one.
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
19 Mar 16
yes that's right.
1 person likes this
joy
@MGjhaud (23228)
• Philippines
17 Mar 16
oh wow, thats a lot of trouble.. for a decade and a half? thank goodness im no part of this credit card scheme.. but im hopeful that you guys will be out of it soon.
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
17 Mar 16
Well, we used it for a while and the interest just kept going up to amount of two hundred thousand pesos. but with the help of the law firm who took pity on my mom, we were able to settle agreement to pay just the credit limit of 80k. now, only two payments left
1 person likes this
Oshy
@TiarasOceanView (70020)
• United States
17 Mar 16
Oh gosh, those credit cards are terrible I am sorry to read this. I hope that you will soon be done with it.
LK2018
@Letranknight2015 (52665)
• Philippines
17 Mar 16
hopefully within this year @TiarasOceanView
1 person likes this
Oshy
@TiarasOceanView (70020)
• United States
17 Mar 16
@Letranknight2015 What a relief that will be Letran.
Judy Story
@jstory07 (148749)
• Roseburg, Oregon
17 Mar 16
I have two credit cards for emergenicies only and we use them for that only.
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
18 Mar 16
Well, I will keep that in mind if I ever get a credit card @jstory07
Tiff Gray
@T_gray (7772)
• Salina, Kansas
17 Mar 16
I got in trouble with a credit card once. I won't be getting one again ever. I don't like them at all. I figure if I can't afford to buy it out right, then I don't need it. I can save up for what I need.
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
17 Mar 16
Hello @T_gray And they don't really stop offering you credit card offers with benefits here and there. I can't afford to have a card at all. Some bank text me about offering a card, but it requires me to have another credit card.
1 person likes this