Alvin Hall, personal finance expert and author,
You and Your Money: It's More Than Just the Numbers (Atria, 2007), explains what you should be thinking about financially at the end of the year.
Hospitals demanding payment upfront, as your caller indicates, seems as if they are offloading the debt directly to the cc cos., as they know for a fact that is the only way many people can obtain that money.
Seems to contravene a hospital's mission.
Dec. 27 2007 10:54 AM
Score: 0/0
Gene
The idea that hospitals want payment, as your caller says, "up front" indicates a kind of soft collusion between hospitals and credit card companies to increase consumer debt.
Hospitals and insurance cos. would know for a fact a number of people would obtain that money through their credit cards.
They are sort of offloading the debt to the banks, and their usurious rates.
Seems to controvert a hospital's mission.
Dec. 27 2007 10:52 AM
Score: 0/0
Steve
from Brooklyn
What is my interest rate on my credit card? Is it the minimum monthly payment? I don't even know and it's not clear on my credit card statements.
Dec. 27 2007 10:51 AM
Score: 0/0
Seth
from Astoria
I use my credit card for everything because of Reward points. But I never reallize how fast $20 or $35 here and there add up. Is it worth it to go for the rewards, or should I use cash more often? (I also pay my statement in full every month so that might make it more beneficial than if I didn't)
Dec. 27 2007 10:47 AM
Score: 0/0
AC
from NYC
I'm not in debt (thankfully) but is it better (for my debt-credit ratio) to start using a credit card I don't primarily use because my primary card is approaching it's max (due to holiday shopping)?
Dec. 27 2007 10:46 AM
Score: 0/0
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Comments [5]
Hospitals demanding payment upfront, as your caller indicates, seems as if they are offloading the debt directly to the cc cos., as they know for a fact that is the only way many people can obtain that money.
Seems to contravene a hospital's mission.
The idea that hospitals want payment, as your caller says, "up front" indicates a kind of soft collusion between hospitals and credit card companies to increase consumer debt.
Hospitals and insurance cos. would know for a fact a number of people would obtain that money through their credit cards.
They are sort of offloading the debt to the banks, and their usurious rates.
Seems to controvert a hospital's mission.
What is my interest rate on my credit card? Is it the minimum monthly payment? I don't even know and it's not clear on my credit card statements.
I use my credit card for everything because of Reward points. But I never reallize how fast $20 or $35 here and there add up. Is it worth it to go for the rewards, or should I use cash more often? (I also pay my statement in full every month so that might make it more beneficial than if I didn't)
I'm not in debt (thankfully) but is it better (for my debt-credit ratio) to start using a credit card I don't primarily use because my primary card is approaching it's max (due to holiday shopping)?
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.