Quote:
Originally posted by Honeykiss1974
To All:
Ladies, I know during my undergrad years, we (I was an Alpha Angel) we did seminars explaining how to avoid the college credit card debt trap. Most of us (black folks) are really unaware to what that one Visa can do to you.
When I was freshman, I wish someone would have offered a seminar for me
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The Golden Key Chapter at my school had a partnership with Fannie Mae and we hosted a credit smart workshop a few times a year. We'd book the auditorium, buy all these refreshments, and we'd barely fill two rows in a room that seats 100+. It is a shame that we try to educate people on credit, give them extra credit points for class and still, the rows remain empty.
Honeykiss, I feel ya...I wish the credit smart workshop had been around my freshman year. Who knew that filling out an application just to get a free t-shirt (or water bottle, or candy, whatever) would get me in trouble a few yrs. later.
I was in a situation similar to NoworNever, up to my neck in debt and avoiding the bill collector. Had over 10 cards. One even had my cell phone#, no idea how they got that. NowOrNever, it'll be okay. I finally admitted to myself that I was over my head and called the creditors. They were pretty nice to me, all they want is their money back and will work with you to set up a payment plan. I also paid off what I could and cancelled those cards quick. I'm down to two cards and a store card. Don't want no mo'. No, I don't care if I get 10 percent of my first purchase, don't want any more cards. I use my debit card for mostly everything.