http://thepennysaved.com/2008/05/01/are-you-a-credit-slave/ Personal Finance, career, investing, retirement, saving and debt blog Sun, 14 Mar 2010 03:26:30 +0000 http://wordpress.org/?v=2.3.3 http://thepennysaved.com/2008/05/01/are-you-a-credit-slave/#comment-11687 K Tue, 17 Nov 2009 05:40:23 +0000 http://thepennysaved.com/2008/05/01/are-you-a-credit-slave/#comment-11687 The only reason I care about my credit score is to get cards with 0% intro's and balance transfers. With a 0% rate for 12 months, I can use the card for all purchases and bills and put the money I would have used to pay those expenses into an interest earning account, FDIC insured, not stocks. If you can use the credit card companies money for free to earn interst, thats free money in the bank! The only reason I care about my credit score is to get cards with 0% intro’s and balance transfers. With a 0% rate for 12 months, I can use the card for all purchases and bills and put the money I would have used to pay those expenses into an interest earning account, FDIC insured, not stocks. If you can use the credit card companies money for free to earn interst, thats free money in the bank!

]]> http://thepennysaved.com/2008/05/01/are-you-a-credit-slave/#comment-2999 Finance Mon, 10 Nov 2008 14:10:38 +0000 http://thepennysaved.com/2008/05/01/are-you-a-credit-slave/#comment-2999 Yes I agree that the more we borrow cash from the financial services industry the poorer we become as we tend to spend more in the market. Yes I agree that the more we borrow cash from the financial services industry the poorer we become as we tend to spend more in the market.

]]> http://thepennysaved.com/2008/05/01/are-you-a-credit-slave/#comment-1068 J Fri, 02 May 2008 11:38:29 +0000 http://thepennysaved.com/2008/05/01/are-you-a-credit-slave/#comment-1068 Well....there is something to be said for a good FICO. When we had to get a new car for the wife, the 1.9% financing beat the stuffing out of the 19.5% we got on the previous one. That being said, KILL THE DEBT! Student loans first (if possible), as they compound interest on a daily basis until paid off. Well….there is something to be said for a good FICO. When we had to get a new car for the wife, the 1.9% financing beat the stuffing out of the 19.5% we got on the previous one. That being said, KILL THE DEBT! Student loans first (if possible), as they compound interest on a daily basis until paid off.

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