Credit

Me, My Dad, And My Credit Card: A Timeline

I’ve been a card carrier for a little over a decade now. My father, a child of Depression-era parents, has instilled in me to never live beyond my means, and to only use my credit card for emergencies.

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Trying to Pay Off Debt and Falling Off the Wagon (As We Do Sometimes)

Mike: We’re going to do a monthly debt check-in later today. Let me know what your new balance is.

Logan: It’s gone up.

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‘I’d Like to Dispute These Charges, Please’

Yesterday, I received a text from my bank alerting me of some possibly fraudulent activity on my debit card. Despite the fact that it was tucked securely in my wallet, right next to my Qdoba rewards card, someone was using the number at a gas station in Lebanon. I can only assume they used the $97.60 to buy a tank of gas and then 57 hot dogs.

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My Spouse Confessed to $4,500 of Debt Right Before We Applied for a Mortgage

After a year of looking for and preparing to buy a home, Nick and his wife finally found a place they wanted. They were in the middle of filling out mortgage pre-approval paperwork when Nick’s wife stopped him. She had never mentioned it before, but now that they were applying for a loan, it wouldn’t be a secret much longer: She had about $4,500 of credit card debt.

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Screwing Myself With The Credit Card I Swore I’d Pay Off Every Month

I am a person who puts debit cards in her pocket and then leaves them there, and then goes a week without it and is just like, “Okay, I don’t know where my debit card is, I know it’s somewhere in a coat pocket or a jeans pocket or a tote bag, I’ll look for it later.”

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Checking the Transactions

Last night, I went through my credit card transactions (as I like to do on weekly basis), and noticed that on Oct. 17, I was charged $8 by Delta in Atlanta, Georgia. That was this last Friday, and I was here, in New York, eating a fried chicken sandwich in Brooklyn at the time; the charge for the sandwich appeared next to it.

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Let’s Throw Some Money at Our Problems: September 2014 Check-in

It’s time to check in on our debt payments and savings goals again. If you’re joining us for the first time, you can read about our decision to publicly keep track of our debt here.

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A Decision to Settle

Emily Gould has a terrifically honest post about her struggle with credit card debt and coming to terms with the fact that she is “a person who fundamentally loves to spend money.” She also walks us through her experience negotiating a settlement with her credit card company with the use of a fake uncle. Read it here.

Photo: Daniel Oines

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And Here Is Your Open Thread

— From Jake Halpern’s New York Times Magazine piece on the dark, lucrative world of debt collection.

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How President Obama Does Credit Cards

Last Thursday, President Obama visited Austin’s Franklin Barbecue and committed two minor breaches of etiquette.

The first is that he cut the line. Reportedly, he is the first person in history to cut the Franklin Barbecue line, which often requires patrons to wait for up to three hours. If you would like to read angry tweets about Obama’s line-cutting, Eater Austin has collected several, such as:

apparently Obama skipped the line at Franklin's BBQ today. DICK move, bro!

— Ben (@BensWJ) July 10, 2014

The second breach of etiquette is that he flashed his JP Morgan Select credit card in front of everybody. Literally held it up for all to see, right before paying for his own food as well as at least one other patron’s meal.

So now there are images of President Obama’s credit card bouncing around the internet. (I hope he got someone on his staff to request a new credit card number.)

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Nobody’s Default But My Own: What Happened When I Decided to Stop Paying My Credit Card Debt

I should have never gotten a credit card, and I knew it. Nobody without a job, savings, or assets of any kind should, especially if their income is less than their rent. It’s basic math.

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