• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Just a little tip to people who want a credit card.

edro

edro

Lifer
DON'T FREAKIN' GET ONE!

CREDIT CARDS = TEH DEVIL!

I have a Sears card, which I put a laptop on...... It is just sickening to pay a payment of $50 and $39 of it goes to interest only.

I know my credit card debt is NOTHING compared to most people, but it sucks to pay money that doesn't "do" anything (interest).

I can't wait till the day I get my first house payment book 🙁
 
heh, store credit cards are horrible, 24% interest rates and so on...all my cards are 9.99%...
 
Credit cards stay on your credit history for ten, yes 10 years after you close the account and the credit limit will still count against you after you have closed the account.
 
Well, you just have to act responsible with it. If you can't, then yes, DON'T get one.

I have had one for a year and a half. Pay the balance in full every month. This way, it isn't a problem 🙂
 
that's why i don't wanna finance a car... and its taking sooooooooooo damn long to save up for it. 🙁

my friend's parents bought him a g35... $40k loaded... came out to $50k after financing... oooooookkkk... 😕
 
If you can't control your spending maybe you shouldn't get one. Thats like saying alcohol is evil. I actually like alcohol but if used improperly it can cause problems. I personally love my credit card. Its the most convenient way to pay for things like gas and dining. I get one bill at the end of the month that I can pay electronically. I get some protection too for my purchases being on a credit card. If you can control yourself I strongly recommend getting one.
 
Originally posted by: edro13
DON'T FREAKIN' GET ONE!

CREDIT CARDS = TEH DEVIL!

I have a Sears card, which I put a laptop on...... It is just sickening to pay a payment of $50 and $39 of it goes to interest only.

I know my credit card debt is NOTHING compared to most people, but it sucks to pay money that doesn't "do" anything (interest).

I can't wait till the day I get my first house payment book 🙁
Click to expand...

what?

why the hell do you make a payment of $50? PAY MORE!

 
Originally posted by: optoman
Credit cards stay on your credit history for ten, yes 10 years after you close the account and the credit limit will still count against you after you have closed the account.
Click to expand...

Care to back that up? I am not disagreeing with you, just want a link to that info.
I closed a fleet account that I never used.
I only use my Amex card and pay it off regularly. If a place doesn't take Amex, I use my debit card of credit card from my bank.
 
Originally posted by: edro13
DON'T FREAKIN' GET ONE!

CREDIT CARDS = TEH DEVIL!

I have a Sears card, which I put a laptop on...... It is just sickening to pay a payment of $50 and $39 of it goes to interest only.

I know my credit card debt is NOTHING compared to most people, but it sucks to pay money that doesn't "do" anything (interest).

I can't wait till the day I get my first house payment book 🙁
Click to expand...

I've never wanted a credit card, except it's the only way to buy stuff online at most places.
 
Originally posted by: boyRacer
that's why i don't wanna finance a car... and its taking sooooooooooo damn long to save up for it. 🙁

my friend's parents bought him a g35... $40k loaded... came out to $50k after financing... oooooookkkk... 😕
Click to expand...

that is a pretty niave point of view. Are you going to save up for a house as well so that you don't have to get that pesky mortgage?

Interest is the rent you pay for spending money now that you wouldn't otherwise have until some point in the future. You could save the whole $40k for that new g35 and "save" the $10k of financing (which may or may not be a good rate, depending on the number of years). But then you "lose" having the car during those years when you were saving.

Mortgage and/or car loans make sense for almost all people (as long as you use them properly).
 
I did a report on this a long time ago. Personally I prefer to carry big chunks of cash around, makes me feel like a pimp 🙂

Actaully i'm 17 and dont have a credit card, but my parents have always taught my sisters and I, if you ever get a credit card, always pay it off in full no matter what.
 
Why don't you pay off the entire amount or pay off more than $50.00 a month?

I came to the conclusion that being in debt sucks, that's why I'm actually trying to sell my car and pay off my loan.
 
Originally posted by: edro13
DON'T FREAKIN' GET ONE! CREDIT CARDS = TEH DEVIL! I have a Sears card, which I put a laptop on...... It is just sickening to pay a payment of $50 and $39 of it goes to interest only. I know my credit card debt is NOTHING compared to most people, but it sucks to pay money that doesn't "do" anything (interest). I can't wait till the day I get my first house payment book 🙁
Click to expand...

Damn you just figured that out?!?! GOOD JOB!! 😀


Ausm
 
Originally posted by: edro13
DON'T FREAKIN' GET ONE!

CREDIT CARDS = TEH DEVIL!

I have a Sears card, which I put a laptop on...... It is just sickening to pay a payment of $50 and $39 of it goes to interest only.

I know my credit card debt is NOTHING compared to most people, but it sucks to pay money that doesn't "do" anything (interest).

I can't wait till the day I get my first house payment book 🙁
Click to expand...

Wow, you better not buy a house. You'll have a damn coronary 😉
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top