No Free $$, Loans & Credit Cards!

I am in a bad mood.

I don’t feel like blogging about my credit card debts or writing articles for my multiple niche blogs.

I feel like venting out my anger on someone.

What causes me to be so pissed off? My guess is that it has got to do with the exorbitant late payment charges.

There have been changes on late payment and penalty charges. The move by Bank Negara Malaysia is to instill prompt repayment behaviour and prudent spending.

Previously, the late payment charge was RM5 or 0.5% of the 5% minimum payment, whichever was higher.

Now is RM10 or 1% of the outstanding balance (NOT the 5% minimum payment) subject to a maximum of RM100.

Previously I paid RM5 for the late payment charge. Now I have to pay RM46 because of the outstanding balance of RM4,697.

I am in a bad mood because I am stressed out.

Some of my credit card repayments are made on time because they carry low interest charges ranging from 9% to 12%. Only 2 or 3 credit card repayments that I will delay in paying. Why? Guys, I don’t have enough money to make all the credit card repayments on time.

This really makes my paying off credit card debt more difficult. Not fair! I have been paying down my credit card debt dutifully.

Do you think there are Free Money, Free Loans, Free Credit Cards in this world?

No, No, No. No free money, free loans, free credit cards! You have to pay to get what you want. So, stop looking for free money, free loans or free credit cards online.

Free credit cards? Come on, be realistic. They are free when you apply. Once the cards are approved and you start using them, there are finance charges, penalty charges, annual fees, processing fees, transaction fees, late payment fees, miscellaneous fees and other hidden fees that add to the outstanding balance.

Should You Get a Credit Card? Never ever get one if you want to be a millionaire!

Millionaires don’t get into credit card debt. Only middle class people like you and I get into credit card debt.

What if You Can Exercise Very Strong Control on Spending and Always Pay Off Your Payment? Well then buddy, you should be able save enough cash since you have very strong self-control on spending.

Cash is King. Use cash.

As a work at home mom who is loaded with less than $13,000 credit card debt and paying down the debt bit by bit, it hurts to see credit card companies or banks suck my hard-earned money through interest charges , late payment charges, annual fee charges, miscellaneous charges, and many unknown charges that credit card users like you and I will never understand why they are charged even though you call up and ask.

Dave Ramsey on How to be Financially Successful

I know Dave Ramsey. In fact, I have been using his Debt Snowball method to pay down my credit card debt.

Look, if the traditional approach way of paying off credit card debt doesn’t work, give this Debt Snowball method a try. You will be amazed by how simple you can systematically clear your debt in no time.

You won’t see any long blog post here telling you how to get out of debt.

I have written enough about my credit card debt on other credit card blogs that I will only watch free video clips on money, loans and credit cards here.

There are simply too many credit gurus out there who can give you good debt free tips.

Obama Calls for Tighter Credit Card Restrictions

A typical American family is $10,000 in the red! I have less than $13,000 credit card debt. What about you?

I feel happy for you if you are not in debt.

I used to feel bad about my credit card debt. But not anymore. Just take up the responsibility, stop using credit cards and pay down the debt.

Yes, stop using any credit card. Use cash. Cash is King.

The Credit Card Song by Old Man Pie

I’ve written enough about my credit card debt and ways of paying off my credit card debt on my other credit card blogs.

No way am I going to write 300 words’ blog posts about budgeting, saving money, loans and credit cards.

There is only one thing I want to do when I am here — watch free video clips. I mean watching free video clips on money, loans and credit cards.