For some reason 2 of my credit cards sent amendments to terms.

[bucolic_frolic]

The one seems pretty normal, but the other seems wacko. Total minimum payment due is the sum of all past due plus current charges. Not that I ever use the card. I'll cancel it when there's a yearly fee. But that change sure sounds like they're going to collect ALL outstanding charges each month. Does that make any sense? Why have credit card if it's all due every month? Does that mean the bank is in trouble? No rolling credit amounts from month to month?

Plus, everyone using or granted credit is now responsible. This is worse than getting married.

Plus they can collect information from anyone about cardholders.

[lark]

1. Credit cards never get used in our household, except to hold reservations.

Then when we get there, we give them our debit card or Amex to use instead and usually it's the debit card. When we use Amex for the points, we pay it off the next month. Mainly we are cash and carry after getting in over our heads when we were starting our family. We learned our lesson very well.

[MIButterfly]

4. I learned it the hard way myself. I was 40 years old, forced to move back home and couldn't buy a car

without my mother co-signing for me due to credit card debt. It took me over seven years to pay off my debts and clean up my credit and I watch it like a hawk now. I never put more on my credit cards than I can afford to pay off each month. I've had to dip into savings a few times when an unexpected emergency came up, but other than that, I don't let them get very high.

[SheltieLover]

8. Good for you!

[MIButterfly]

9. Thank you, SheltieLover.

It was very hard moving back in with my mother and grandmother at that age, but I did what I had to do. I paid off all my debts; cleaned up my credit; went back to school; got my degree; and got back on my feet. Then nine years after I moved in, I moved back out.

By the way, I did pay my grandmother rent, not as much as I would have for an apartment, but it was something. I also slipped her a few bucks whenever she asked for it.

[SheltieLover]

10. Excellent dedication!

[MIButterfly]

2. There was a woman at work who was behind in one of her credit cards and every other credit card she had

raised her interest rate, even though she wasn't behind with them. That surprised me. I don't carry a balance so I didn't know things like that could happen.

They get you coming and going, that's for sure. I am astonished when I see how high the interest rates are on credit cards these days. They really gouge people.

[SheltieLover]

3. Guessing it means if payments are past-due, those, plus current min. due are required to not be considered late.

Just guessing, but that's how I read it.

[bucolic_frolic]

5. Ah, thanks, and the late fee on the one is $35 /nt

[SheltieLover]

7. So, to avoid the late fee, all payments in arrears plus current payment must be made timely.

Again, just guessing here. Not a lawyer.

[walkingman]

6. "This is worse than getting married. " Pretty funny 😍