In debt because of rifle purchases?

[skidooman603]

I buy everything on a credit card but am damn sure to pay em off EVERY month. Why not? A permanent record, Airline miles, and don't have to worry bout the scum of the world tryin to steal my $$$$$$$$$$. Only if CC price is same as cash though. Gotta be smart in this economy and play every angle.

 

[Eightball]

If I can't afford it with money I actually have, I don't buy it.

 

[grimjaw]

I voted no, never will, with the caveat that I USED to be in debt because of them, and wont' do it again.

jm

 

[paintballdude902]

borrowed a little money from my dad 1 time to pay the rest i saved up all the cash my self then forgot tax and found out the sale was ending so i borrowed 50 bucks from my dad to cover the rest payed him back when i got my next check
thats it

 

[Prince Yamato]

The credit card is basically a way of buying now and paying at the end of the month when your check(s) from work have all come in or are direct deposited. The contrasts with the debit card which is a "pay now" card that is used in place of cash.

I use a credit card for larger purchases and the debit card for everything else. I generally will not purchase anything that I could not otherwise pay for in cash at the end of the month.

The one exception to this is the "no interest for 1 year" credit card deal I got from my bank. I used it to buy a bunch of mags and gun parts. More than I could afford in one month, but could easily afford over a couple months. The card worked as promised and I payed everything off. I still have half a year to go on the no interest thing.

 

[altitude_19]

Maybe it shouldn't count for me. I'm overseas and have racked up some serious $$$ for my new toys.

 

[moooose102]

no credit card debt from firearm purchases. but i am guilty of "stocking up" on some reloading supplies with it. nothing serious, it will be paid for in a few months. i did think about putting a firearm on the cc, but i just could not bring myself to do it.

 

[Hungry Seagull]

Years ago while choking on debt cc, we were given a zero interest free for one year, provided we transferred balances over.

Two transfers later and 9 months of PBJ's later all paid off and closed.

Whew. Only now we are getting our weight back to normal...

We also wonder why the free interest issuer never contacts us anymore he he he.

 

[ATW525]

Why not rack them up to the limit? I mean, Obama is in the White House and he'll make everybody's debts go away, right?

Anyhow, I don't have any credit cards, because both the credit card companies and myself have com to mutual understanding that I am not the type of person who should have a credit card. That said, I have two debit cards that I use for almost everything, and never have to worry about going into debt with them.

 

[ByAnyMeans]

Personally, I never would because I got everything I "need" prior to buying a house, pay for a wedding and this economic situation. I could see using a credit card if I knew when my money to pay it off was coming and I really feared a ban preventing it from being available in the future.
I have a pair of centerfire handguns and riot shotguns for me and fiance as well as an all around centerfire rifle. We have mags and SHTF ammo stash for them. I have other toys but I believe with these I have no need to put myself into debt to get anything else, I will acquire more as money is available.

 

[Kind of Blued]

I've paid the bill off completely, on-time, every time.

Does anybody know how to get a "no interest for one year" deal like Prince Yamamoto mentioned? I have a high credit score, but I'm not sure how I would go about setting one up. I'd like one for when I come across a killer deal, but it's more than I have to spend in one month.

 

[nwilliams]

I definitely have some cc debt as a result of all my gun purchases over the last few months

Fortunately I don't pay mortgage and my car is paid off and I also don't have a family or kids to support. The way I see it a few thousand in cc debt to own a bunch of really nice guns is acceptable to me. If I had car payments to make, a mortgage and a family to support then I wouldn't have the gun collection that I do and I would have more important responsibilities than gun buying. Thankfully I'm not in the position

 

[Polar Express]

The most recent went on the card, but have other items for sale that will cover the purchase. So, yes, I have, but there is a plan to pay it off right away.

 

[Gunfighter123]

My old Dad once told me --- if you can't buy it with cash , you can't afford it !!!!!

 

[dbarile]

Amen.

I have enough problems without debt from gun purchases.

I won't go into debt to pay for one. In spite of the urge to buy another AK.

 

[amwdc]

I go to one gun show a year a normally go with 400 $ and that's saved through out the year.

 

[black_powder_Rob]

bought all of my guns with a cc and my total debt, (excluding my mortgage) is about $40 for a tank of gas yesterday.

 

[Hostile Amish]

The only time I ever got into debt was to buy, on credit, a very expensive Blaser R-93 that was priced at about 5,500 dollars. I only bought it because I knew it was worth about 8,000 dollars, so I sold it to a friend, who gave me the 5,500 dollars plus 700 dollars for finding the great deal.

 

[CajunBass]

Yea. I've used a CC to buy a gun before. Not often, and not a lot of money in the grand scheme of things. I make the payments, and pay it off in about a year. Nothing to sweat really.

I use layaway mostly though.

 

[Howser87]

When my wife and I got together she had just opened her first bank account with B of A, and the guy she opened it with talked her into a credit card to go with it. In 2 months she had put $1400 in purchases on it, at least $400 was starbucks.

That said its the only time we have been in debt, I was raised with the belief that credit cards are a great way to avoid carrying a bulky checkbook or too much cash, but that once you got home you sent them a check. Unfortunately my wife had never heard of that concept, she knew nothing of the value of money either.

 

[Bailey Guns]

I use my AmEx almost exclusively to buy guns/gun stuff. Sometimes I get 45 days worth of free money. I never get charged interest because it MUST be paid in full at the end of each month. Billing cycle closes on about the 11th, bill is due on about the 26th. So if I buy something on the 12th, the bill isn't due until the 26th of the following month. I don't see a problem with using their money, interest free, for a month and a half.

It took me a long time to figure out the dangers of CC use...and much longer to pay them off. Now that I've learned how to properly use them, it's not an issue.

 

[Dr. Tad Hussein Winslow]

For that 3% in deep doo doo, PM me and I'll give you free helpful direction (which my clients pay good money for).

 

[CoRoMo]

My father in law died owing about $30k to CC companies. That's the ideal situation. Sell everything you have (or give it to your kids ahead of time) and run up the biggest tab you can when you hit 85. The stupid CC people will let you do it. Then when you die they have no way of recovering any of their money. I don't generally go in for cheating companies out of money but for CC companies I might make an exception. I doubt I'll actually do that but it's tempting. Those CC people are scum of the worst kind.

Not true. They have a plethora of means to acquire their money.
I'd say jihadists and child molesters are scum of the worst kind, but that's just my opinion.
Far worse than businessmen, I think.

 

[zxcvbob]

I have no debt at all, including mortgage. I run most purchases thru a credit card, including big stuff like medical bills, insurance premiums, etc, just for the rebate and I pay it off immediately.

Works pretty well, except everybody in the country will get a "bailout" handout from Obama before I do. (not sure who's gonna pay for that, unless .gov is planning to borrow all the money from China, then default) And daughter didn't qualify for any college financial aid even though we don't make that much money cuz they want you to be in debt up to your eyeballs. (I gotta see if I can put those tuition payments on the credit card without a service charge, that'll really run up the Cabela's Bucks rebate)

It probably helps that I didn't start buying guns until I was 45, but now I'm making up for lost time!

 

[The Deer Hunter]

No, much easier to sneak new purchases into the safe when you don't leave a paper trail for the Mrs. to find.

Hahaha that mad me laugh =D

When the SHTF at TEOTWAWKI it won't matter if you have $10k in credit card debt, just as long as you have tangible resources like guns, ammo and food.

That said, I would never run credit card or any other debt for a rifle.

Yeah, but it's not realistic to spend $5,000 in guns and ammo on your credit card.