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Originally Posted by Ouch my feet
Not only that credit cards are more secure than debit cards.
Elaborate?
http://banking.about.com/...ts/a/stolendebitcard.htm
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Originally Posted by Ouch my feet
Not only that credit cards are more secure than debit cards.
Originally Posted by MayhemMonkey000
People saying to burn it and to cut it up are stupid. Use it wisely, pay it off, and build that credit.
Dumb. How else is the man supposed to build credit? By paying cash his whole life????Originally Posted by UTVOL23
Originally Posted by MayhemMonkey000
People saying to burn it and to cut it up are stupid. Use it wisely, pay it off, and build that credit.
No people who use credit to buy things are stupid. Using credit you wind up paying more for something than you should, unless you pay it off every month before finance charges but most people do not do that or they do and then slip up one month because things get tight and thats when it starts to spiral out of control. Live on less than you make or youll wind up financing that steak, happy meal etc for years. There is a reason we are in so much trouble right now and its because people lived beyond their means.
You'll never exceed your balance with a nonexistent credit card. I use one CC and only use it as a way to track my spending. I will NEVERpay a CC interest for any item I buy through their service. I will let the sucker who pays the minimum on their card every month do that for me and keep thecompany in business.Originally Posted by MayhemMonkey000
People saying to burn it and to cut it up are stupid. Use it wisely, pay it off, and build that credit.
that's exactly what everybody is telling him to do dude!!!!!!!!!!!!Originally Posted by UTVOL23
Originally Posted by MayhemMonkey000
People saying to burn it and to cut it up are stupid. Use it wisely, pay it off, and build that credit.
No people who use credit to buy things are stupid. Using credit you wind up paying more for something than you should, unless you pay it off every month before finance charges but most people do not do that or they do and then slip up one month because things get tight and thats when it starts to spiral out of control. Live on less than you make or youll wind up financing that steak, happy meal etc for years. There is a reason we are in so much trouble right now and its because people lived beyond their means.
you got the juice now...Originally Posted by OrenthalJames
Build credit. And then cut that $+*# up.
-The Juice
Please STOP..Originally Posted by UTVOL23
That is the biggest lie put out there by the banks that you need a CC to build your credit. You can do the same by paying your rent on time or early each month. Paying all your utility bills on time. Remaining at the same job for 2 yrs, at the same residence for 3 yrs. You dont need a credit card to build your credit to get a mortgage. All you need to find is a lender who does manual underwriting and doesnt just look at your beacon score.
DONT FALL INTO THE TRAP THAT IS CREDIT CARDS. Weve had many a people come on here and make a thread about how they are so deep in debt with credit and some of them probably made a thread talking about I just got my first CC.
1. Nope.Originally Posted by UTVOL23
That is the biggest lie put out there by the banks that you need a CC to build your credit. You can do the same by paying your rent on time or early each month. Paying all your utility bills on time. Remaining at the same job for 2 yrs, at the same residence for 3 yrs. You dont need a credit card to build your credit to get a mortgage. All you need to find is a lender who does manual underwriting and doesnt just look at your beacon score.
DONT FALL INTO THE TRAP THAT IS CREDIT CARDS. Weve had many a people come on here and make a thread about how they are so deep in debt with credit and some of them probably made a thread talking about I just got my first CC.
Originally Posted by lilpro4u
Please STOP..Originally Posted by UTVOL23
That is the biggest lie put out there by the banks that you need a CC to build your credit. You can do the same by paying your rent on time or early each month. Paying all your utility bills on time. Remaining at the same job for 2 yrs, at the same residence for 3 yrs. You dont need a credit card to build your credit to get a mortgage. All you need to find is a lender who does manual underwriting and doesnt just look at your beacon score.
DONT FALL INTO THE TRAP THAT IS CREDIT CARDS. Weve had many a people come on here and make a thread about how they are so deep in debt with credit and some of them probably made a thread talking about I just got my first CC.
- Paying rent DOES NUTHING! 99.9% of apartment,renters don't even report to any of the credit bureaus i.e. Transunion, Equifax, Experian.
- Utit\lities.. HA same as I said above ^^ Light bills, phone bills, cellular bills, gas etc.. ARE NOT REPORTED TO CREDIT BUREAUS
- Jobs.. Yes on your credit report it may say you had a place of employment, BUT THAT INFO IS IRRELEVANT.. Paystubs can show proof of income, and employment, W2's etc..
Getting a mortage is a whole 'nother ball game compared to credit cards, NOT apples and apples you're playing with..
I could go on and on..
OP don't ask for credit card advice from silly chums on a sneaker forum..
Hit up creditboards.com.
Credit cards are not the devil, and they dont neccesarrily mean a person is in debt or going to get in debt..
Who's foolish? I would love to hear what you think.Originally Posted by UTVOL23
Yall are very foolish. You should definitely listen to daveramsey.com It may open your eyes a little. He teaches millions of people daily how they can live within their means and with no debt but still manage to get a good fixed 15 yr mortgage which he still doesnt recommend but wont fault people for.
Originally Posted by starbury03
Who's foolish? I would love to hear what you think.Originally Posted by UTVOL23
Yall are very foolish. You should definitely listen to daveramsey.com It may open your eyes a little. He teaches millions of people daily how they can live within their means and with no debt but still manage to get a good fixed 15 yr mortgage which he still doesnt recommend but wont fault people for.
I went to that website. It looks like it was built for fools. The kid who would trade his Dunkaroos and Fruit Roll Up for an old apple in the 2nd grade and grew up to accumulate 10gs in cc debt because of his abuse of pre-approved cards that were sent to his house and maxed out on online porn probably goes to that type of website. Who get's into debt that great when using their credit responsibly? Pff, no one.
Keyword: Responsible.Originally Posted by UTVOL23
Originally Posted by starbury03
Who's foolish? I would love to hear what you think.Originally Posted by UTVOL23
Yall are very foolish. You should definitely listen to daveramsey.com It may open your eyes a little. He teaches millions of people daily how they can live within their means and with no debt but still manage to get a good fixed 15 yr mortgage which he still doesnt recommend but wont fault people for.
I went to that website. It looks like it was built for fools. The kid who would trade his Dunkaroos and Fruit Roll Up for an old apple in the 2nd grade and grew up to accumulate 10gs in cc debt because of his abuse of pre-approved cards that were sent to his house and maxed out on online porn probably goes to that type of website. Who get's into debt that great when using their credit responsibly? Pff, no one.
A VAST MAJORITY OF AMERICANS which is the reason we are in such a crisis economically right now. People living like they make hundreds of thousands a year on a 40K income by financing everything and making payments to everyone.
If you consider a surefire way to becoming wealthy crap then I guess you are right.
Originally Posted by UTVOL23
The problem is most people are not financially responsible.
If you want to follow the crowd and live in debt, go ahead and start the CC habit. There are no debt collectors after people paying with cash.Originally Posted by starbury03
Originally Posted by UTVOL23
The problem is most people are not financially responsible.
So because most people aren't financially responsible you are going to tell a young man to never use credit in his life?
That's horrible advice.