Credit Cards
19 replies
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3468 views
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Started by HU 4Eva Baby
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Jul 2005
Hey guys I'am a incoming freshman and I have some questions for you all about credit cards.
If those of you who have credit can you manage it well while in college?
Do you you debit instead?
Is it best to pay for books with credit?
If you guys have more advice beyond these questions feel free 2 post them!!!
I have had a credit card, but only cause my mother paid for it...I would suggest that if u have decent job while working at school and u and have a low spending limit on ur card, its ok to have. You can make a monthly $10 payment which is a ok but the interest rates are gonna kick in which isnt so great...But if your parents are in a good finanical standing and have good credit see if they will look into gettin u one and yall make an agreement to how much u can spend every month, and they take care of that bill...if EITHER of those options arent available to you, then I would suggest to stickin with a debit card. Cause atleast you know those funds are presently available in ur checking account. Its just a VERY VERY VERY bad idea to get caught up in the scam of gettin credit cards from companies that come to ur campus soliciting themselves to you so u can fall trap. I have TOO many friends who already have HORRIBLE HORRIBLE credit, and its just gonna catch up to them when they need to take out loans to buy a home or car and get denied or have SUPER high interest rates, amongst other things. And depending on how bad your credit is it can take years to rebuild, so be very conscious of dealing with ur finances...especially at this age cause its easy to get those cards that give u a $1000 limit upfront and wanna use them...but you gotta be smart. I tore up all the cards I ever got from those places so I would never be tempted to use them...I would just sign up with the companies to get the free t shirt, lol...
#2
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there's no scam when it comes to credit cards. People just think it's easy money. They spend more than what they make which is why they have bad credit. I suggest you get yourself a credit card but you will have to be responsible with it.
You should build your credit now so you can be approved for getting a apartment, car or house once you graduate..
#3
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I don't plan on ever getting a credit card...just debit...
and you don't need a credit card to build credit...that's a myth...I have a whole notebook with financial tips ...
#4
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Sir ThunderBonez06 wrote:I don't plan on ever getting a credit card...just debit... and you don't need a credit card to build credit...that's a myth...I have a whole notebook with financial tips ...
