Bank "loan sharks," we used to call them. Credit card facilities have their proper place in our economy. With these plastic visas, we can pay bills, pay car repairs, medical bills, insurance policies, school fees and almost everything under heaven. Almost. What our credit cards can't do is buy us our visas to eternity. Credit becomes problematic when overspending has become a habit without qualms about repayments afterwards.Temporal high with buying and spending becomes, in reality, a pain. Banks have no 'grace period' when we've maxed all our credit limit, and interest of 20%--$211 each month becomes a pain to pay. We've hit our credit limit. Ouch! What do we do? Research, with much prayer, on other payment options. Another personal bank loan will not help get us off the hook. We pay interest on those, as well. We want to be debt-free once and for all. We pay up and keep up before that $211 credit interest shows up in our credit card balance statement each month. We've recently taken advantage of 95% "Balance Transfer" of our huge credit with 0% interest to pay within 16 months. With only a once-off service fee paying through credit card. Funny. We make sure that our payment options called, "Balance Transfer" should keep our spending and paying at bay. The clock started ticking as of today with our 95% part of our huge credit for 16 months to pay with 0% interest. Sometimes, we learn our lessons the hard way. But it's all worth it!
