Should I get a CC? Credit card
12-02-2009 11:48 AM
Should I get a CC? Credit card
Should I get a credit card? I haven't had one in over 5 yrs. My ex wife....and me too kinda ran it up. She's been out of my life for 5 yrs. and I payed off the debt at that same time. It was only 2500 thank GOD!
Ever since I just used my debit card & cash. Cash is king as the saying goes. My work is seasonal & I'm tight on cash now for the upcoming holiday season AND would like to get a few supps. too! Haha.
Also, I don't know much about these type of things, my now gf was telling my I don't have to pay it all off when I receive my bill. And I was like, hell yah you do, or you have to pay some crazy ass fees on top of what you already owe. And she was saying no, you just have to pay say...helf of it. She's wrong, right? Some lady at the country club she works at was telling her the best way to build your credit is to not pay all what is due with the current billing cycle, just pay part of it.
So I'm thinkg WTF, that's bs. So any advise on this matter would be great. I really need to read up on this stuff so I know. I already should but just shrug this stuff off & live by my 'cash is king' motto...and my debit card.
12-02-2009 11:54 AM
If you want credit (which is essential in this life), then yes. I would talk with a credit specialist and get a plan, though. If you can get a straight-forward plan and follow through, you will be glad that you did. I am grateful that I did so when I started out.
12-02-2009 11:59 AM
What is a straight forward plan? Should I go see my bank about this?
Originally Posted by Iron Lungz
Sounds like a pain in the ass, LOL.
Can I get one online?
LOL, maybe I'll talk to my bank online. Hahha.
Oh, I want a gas card too while I'm at it.
You know what, I'll just make a trip to the mall & talk to the man about all this. He always came thu in the past!! Since I was a kid in fact.
12-02-2009 12:34 PM
Do you know what a pain in the ass it will be if you do not have a plan? It could mean that you cannot get a car, house, utilities, etc if you have bad credit. Everything in life needs to have a plan.
12-02-2009 12:51 PM
Your credit score improves when your balance or balances on your credit card(s) are a low percentage of your Available balance. I would get one to help our scores but learn how to use it effectively. I lean against a gas card unless you can pay it off each month. I also lean against buying supps, groceries or other consumables on credit because it can get away from you if you aren't careful.
Another way to increase your "available credit" is to get a parent or family member that had good credit to make you an "authorized user" on one of their cards. They don't have to give you a card to use, and you don't have to use that account. But when that credit issuer reports that you now have access to a $20,000 credit line, it will reflect good for you and your score. The whole credit scoring system is such a racket that you have to get creative to play their games.
12-02-2009 01:28 PM
Thanks, great info & I'll look into it.
Originally Posted by youngandfree
Iron Lungz, your right, your right, man!
12-02-2009 01:41 PM
Yes try to pay it off every month the interest rates even on good credit cards is still significant. Plus never spending more than you have keeps you out of trouble...
12-02-2009 02:16 PM
you should get it b/c good credit is important in this society, BUT treat it like your debit card, dont over spend and always pay the full amount
Originally Posted by bdcc
PES product educator, PM me with any questions!
12-02-2009 03:08 PM
Last edited by Andy G; 12-02-2009 at 03:51 PM.
12-02-2009 08:54 PM
If you had a problem with it in the past and you want to get one now then get one with a small line of credit this way if you should get trigger happy your limit will force you to stop using it til you pay it off. You won't go into debt so bad.
12-03-2009 08:51 AM
Originally Posted by DEADn
The prob was with my ex wifey, not me. I'm good with those decisions.
12-04-2009 12:41 PM
12-04-2009 06:04 PM
33 and time to build my credit up.....on my own though for the time being!
Originally Posted by manny1010
I have ZERO debt and been just doing the cash thing.
12-04-2009 06:05 PM
just turned in late Sept.
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