Ooookay...

[missroserose]

Anyone who knows me at all well knows my opinions on debt - specifically, that it sucks and that I'll only use my lone credit card if I'm going to be able to pay off the debt in the next month (so far I haven't accumulated a single cent worth of interest, something of which I'm rather proud). Ironically enough, Fells Wargo has recently seen fit to extend the credit line on my Secured Student (read: incredibly-high-interest-rate) Visa from $1000 to $1500. This sort of puzzles me, since I've never even maxed it out - the most I've ever charged was slightly more than $500 for car repairs (which, again, were immediately paid off). I've never had a balance carried over from a previous month or paid them anything in interest, which probably means they're losing money on the deal - there's no annual fee or anything involved. So why the new limit? Maybe they figure that, since I'm a student and therefore broke, if they give me enough rope I'll give in to the temptation and hang myself financially?

Huh. Weird world, this land of "credit" is.

Sometimes I do wish I could live the way other people do, though...part of me would really like to be going "Woohoo! $500 more to spend on useless crap!" =)

Comments

[bkleber.livejournal.com]

Maybe they figure that, since I'm a student and therefore broke, if they give me enough rope I'll give in to the temptation and hang myself financially?

That's the idea, yes. I'm all about taking the cc company for all it's worth, though, and just never using it at all--just as you do.

[vindaloo-vixen.livejournal.com]

I think the idea may be, since you've never maxed the card out, you've never been in debt trouble with them, so you deserve a higher allowance! :o

I hate debt also. I much more prefer to pay for something, have it paid for, and make that the end of it. Even if that means waiting some. In fact, I hate most things to do with 'imaginary money'...

[roseneko.livejournal.com]

I've always found the whole debt problem in the U.S. to be pretty darn sad. Did you know that the average American citizen has a net worth of less than zero? *sigh*

So glad I haven't fallen into that trap yet.

[jamesd.livejournal.com]

With one credit card I've a limit high enough to pay rent for a one bedroom apartment for about two years. Maybe 18 months with utilities and property tax.

[roseneko.livejournal.com]

Wow. You certainly don't live in Juneau, do you? =) (Either that or it's a really freaking high-limit card.)

[jamesd.livejournal.com]

Not in Juneau but it's a really freaking high-limit card.:)