unindebted
2009-Dec-24, Thursday 11:27 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mellowtiggerLook at me, folks!
I'm one of those rare American creatures: the unindebted!
I was debt-free prior to going unemployed 2.25 years ago, but quickly went "into the red" with unemployment, computer problems, car problems, etc. Living frugally with a low-net-wage job, though, I still managed to crawl back "into the black".
Eerily, Wells Fargo increased my credit card interest rate, and my available credit is (roughly) equal to my annual income. I dislike encouraging exponential economics, though, so I'll avoid using the card unless some sort of emergency crops up again.
I'm one of those rare American creatures: the unindebted!
I was debt-free prior to going unemployed 2.25 years ago, but quickly went "into the red" with unemployment, computer problems, car problems, etc. Living frugally with a low-net-wage job, though, I still managed to crawl back "into the black".
Eerily, Wells Fargo increased my credit card interest rate, and my available credit is (roughly) equal to my annual income. I dislike encouraging exponential economics, though, so I'll avoid using the card unless some sort of emergency crops up again.
no subject
Date: 2009-Dec-24, Thursday 05:45 pm (UTC)You might look into what Suze Orman says about keeping your credit limits down to a reasonable amount. There are some negative effects of having a limit that is high with a zero balance. However, I'm not sure if that means $5000, $15,000, or $100,000.
In any case, you can ask to have your limit reduced to a number you are comfortable with.
no subject
Date: 2009-Dec-25, Friday 06:47 pm (UTC)