tag:blogger.com,1999:blog-21166579.post114571469196150425..comments2024-02-19T08:12:53.815-05:00Comments on The Right Thing: WHEN FREE MONEY HAPPENS TO SILLY PEOPLEJeffrey L. Seglinhttp://www.blogger.com/profile/15648051034425906705noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-21166579.post-1145759493277290902006-04-22T22:31:00.000-04:002006-04-22T22:31:00.000-04:00$114 for three years work isn't much of a return. ...$114 for three years work isn't much of a return. On the other hand, Corus Bank in Chicago is currently paying 5.27% for a 12 month CD, minimum $10,000, available online. Now if she can talk the credit card companies out of 10 grand, her $527 in 12 months is looking much better!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21166579.post-1145725046959704182006-04-22T12:57:00.000-04:002006-04-22T12:57:00.000-04:00I am a huge fan of 'recreational financing'. I use...I am a huge fan of 'recreational financing'. I use 0% cards to pay for a chunk of my house remodel, and the house before this one, and the one before that one.<BR/><BR/>Once I get a 0% card, I transfer this months regular credit card bill. I use checks from the card, if they are free of fees to pay for materials or the contractor.<BR/><BR/>I never use the card, it sits in a file and I setup monthly payments to pay it down as much as possible. If I can't finish by the end of the time, I find another 0% and transfer the remainder. <BR/><BR/>You have to be careful, watch for fees, pay alot more than the minimum, and never mess up a deadline.<BR/><BR/>Am I taking advantage of the credit card companies, yes. But I follow the rules, and I only get these offers because I have a good credit rating. If I mess up a payment or a deadline, they will make a lot of money on me.yawningdoghttps://www.blogger.com/profile/13483932231487327038noreply@blogger.comtag:blogger.com,1999:blog-21166579.post-1145717747394704992006-04-22T10:55:00.000-04:002006-04-22T10:55:00.000-04:00Just who in their right mind has the time to chase...Just who in their right mind has the time to chase and keep up with the transferring of balances on 36 cards? From where I sit, she needs to go out and find a life!<BR/><BR/>She probably thinks this makes her look clever. I think she truly looks silly! Oh well....another silly American trying to gain wealth easily!Anonymousnoreply@blogger.com