-
Why is it bad to use a credit card? I use mine for everything I purchase and then at the end of the month I send a payment to cover everything I purchased. I was going to purchase those things anyway so the credit card makes it much more convenient. On top of that I have a rewards card so basically the credit card company pays me to use their card each month. Its a great deal!
03-15-09 09:48 PM - * huggs you twice**
1. for you avatar
2. for handling your credit the CORRECT way. Lots don't.
I get miles on mine...I don't use as often as I used to but I know people who's credit SUX and not even 30 yet...booooooooooooo
Why is it bad to use a credit card? I use mine for everything I purchase and then at the end of the month I send a payment to cover everything I purchased. I was going to purchase those things anyway so the credit card makes it much more convenient. On top of that I have a rewards card so basically the credit card company pays me to use their card each month. Its a great deal!03-15-09 09:55 PM - Yay, double hugs!
I'm 28 and the wife is 29, we both have excellent credit and we monitor it constantly. We take stores up on their offers frequently for 12 months or 18 months no Interest because that's like free money. We just break up the payment into those exact months and we never pay interest on that either. I love when the credit card companies pay me over $300 a year to use their card, its awesome!03-15-09 09:59 PM - Building your credit is going to take time, there's noway around that. But what you have to do since you have no history is get one credit card now. Sure the Interest will be high, probably somewhere around 20-25%, but don't let that bother you. What you do is the same thing I do and only purchase the things you were already going to purchase each month. It takes discipline but it isn't difficult. Then before your statement payment is due, go online and pay the balance to zero. The reason I say to check online is because frequently your statement balance ends on the 19th of the month, for example. Then by the time you get the statement in the mail you made some additional purchases on the 20th through the 30th of the month. If you check online, you can get the total balance including these additional purchases. Make sure that you pay all these off and you will be just fine. You will never pay Interest and you will build up your credit. Remember also that your Blackberry comes in handy here because you can add an item to your calendar that will remind you each month to pay off the card balance. This way you will never forget to do it.I havent got to start my credit I turned 18 in july last year its just so hard these days ... they told me that its easier for a person who has filed bankruptcy three times to get a car thru a lot thru a loan than me
03-15-09 10:04 PM
if the rest of the world has a credit crisis!
. *hugs* to you!
enjoy it!
