Maybe our credit was never that high or our income -- either way, I have never received a credit card offer that was that high. Can you imagine what damage my family could do to ourselves with a credit card limit that high?

Yikes!

Rip it up...throw it away..better yet, burn it....now!

Yep..damage is the key word there.

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i say shred that baby thats scary.

Oh my.... I say shred that puppy too!!!

We haven't gotten a credit card offer for that high, but have gotten auto loan pre-approvals from our credit union for $50,000.

You should see DH's mouth water when we get those.... Ummm..... NO WAY!!!

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SAHM of 4

August food budget (groceries/take-out): $500.00/$75.00
Total spent: $238.97/$14.12

July budget/spent: $500.00/$650.00

DH has a credit card that is constantly sending him letters that he's pre-approved for loans $30,000 and up. We just tear them up and throw them away. Not falling for it!

Resist temptation, but if you decide to use it call me and I will go shoping with you.

Don't you just love how they try to temp you into debt?

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Yeah, don't you love those. We could buy a house on a credit card if we wanted. Thankfully, we have never wanted.

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"I've been rich and I've been poor but independently wealthy is where it is at."

That's scary! The sad part is you know someone somewhere is going to take advantage.

I have a credit cards that I applied for in my name alone without DH to consolidate all our other credit cards to beacuse they had an 18 month zero percent interest period. I was approved for $35,000 and they uped the limit to $40,000!! I have NEVER been close to the limit so I do not know why they keep increasing the limit. In fact other than the intial transfer I have never used the card and have almost paid it off in full.

I think that if you need to run up $50K in credit card debt there are some serious issues.

I am working with a client right now who has over $100,000 in credit card debt -- most of which was incurred trying to get a business up and running.

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Grace

Wife to Stoney

Mommy of Sarah (8.5), Hannah (7), and John(5)

Did the business work out for them?