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iFinancialAdviser
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Joined: 28 Dec 2004
Posts: 1699
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 Posted: Sun Jun 11, 2006 9:26 pm Post subject: |
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| Soniceffect wrote: |
I still stick to the statement I have made in other posts on this forum .. Credit cards are a nightmare full stop. If you have one, then my advice is skint yourself as much as posible to pay it off, snap the card into as many peices as you can manage, then throw away any mail that comes to your address with an APR on it  |
I often think that we're all better off without credit cards, but the society is already structured so that you kind of need to have one or three. Credit score is a critical score to have today, and you kind of have to have a credit card or three and use them in order to improve your credit score.
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Soniceffect
Joined: 11 Jun 2006
Posts: 22
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| Posted: Mon Jun 12, 2006 6:35 am Post subject: |
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Having said that, I tend to by items on interest free credit, when I already have to cash to buy it ... Then pay for it a few month later. This in itself is lending and therefore improves your credit score. I do however agree that a credit card it the best way to do this, however unless you are very strict with yourself, most people destroy there rating by missing payments/defaulting etc
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iFinancialAdviser
Site Admin
Joined: 28 Dec 2004
Posts: 1699
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| Posted: Mon Jun 12, 2006 6:53 am Post subject: |
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| Soniceffect wrote: |
| Having said that, I tend to by items on interest free credit, when I already have to cash to buy it ... Then pay for it a few month later. This in itself is lending and therefore improves your credit score. I do however agree that a credit card it the best way to do this, however unless you are very strict with yourself, most people destroy there rating by missing payments/defaulting etc |
This is when you want to schedule payments so that you won't be missing any. Missing just one payment affects your rating very very negatively.
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john_nyc
Joined: 02 Jun 2006
Posts: 10
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| Posted: Wed Jun 14, 2006 9:44 pm Post subject: |
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my fiance finally paid off one of her 3 cc -- don't ever put yourself in a hole with credit -- it is so hard to dig yourself out
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altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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iFinancialAdviser
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Joined: 28 Dec 2004
Posts: 1699
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| Posted: Mon Jun 26, 2006 10:41 pm Post subject: |
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Credit card to some people is like alcohol to alcoholics; they should never touch it. I'm afraid that there are quite a few people like that.
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altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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Jacob
Joined: 01 Sep 2006
Posts: 9
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| Posted: Tue Sep 05, 2006 12:26 am Post subject: |
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| I pay my bill off in full, every month. I don't buy things if I know I won't be able to pay it off at the end of the month. |
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magoo69
Joined: 05 Sep 2006
Posts: 3
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| Posted: Tue Sep 05, 2006 3:28 am Post subject: I read somewhere |
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that is is good for your credit repoerts if you always have about 30% of your credit line used.
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danrak
Joined: 12 Jul 2006
Posts: 41
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| Posted: Sun Sep 10, 2006 7:43 pm Post subject: |
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| i never pay the minimum, I always go a little over if I cannot pay it off in full. |
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