i exist!!!

Boogie

damage credit... no way! they want you to think that way so you don't pay them much! good credit? when it comes to big items like mortgage and car load, your credit card history won't help at all. Use a bank that give you a check card. use it like a credit card but spend only what you have!! don't go for the American broken dream!! sersiously! CUT IT UP!!!:zzz::zzz:

Daniel Turini

RabidKangaroo wrote: I've heard that in some cases, this actually damages your credit... Any truth to this or just urban myth? My wife and I pay ours off every month, but I don't really have a clue about financial matters... Yes and no. I work with credit assessment software. Yes, it is done on some countries, because it's not legal to use this information on all countries, and in others it's illegal to give different interest rates for two people. But even then only a few companies do it. The best customer for a credit grantor is the customer who is regularly paying interest rates. Other problem is the information absence. The worst thing when doing a credit assessment is the "no information" status. It's like an user saying "your program crashes randomly, I didn't notice what the message was". If a credit bureau, like EQUIFAX, gives no information about you, you are assigned a basic credit loss probability, so this can harm you if you pay your debts. Sometimes, it's better for the grantor knowing you payed a debt of $X due than the "no information". At least, the credit grantor have some information on how you behave on a given credit ammount, and, after all, you managed to pay the debt of $X. Some people never will. I see dumb people

Alvaro Mendez

Er, Congrats, I think. If I may, here are some tips from a not-so-lucky-card-holder: 1. Use your bank's VISA/MC Check card whenever possible, instead of your credit card. This forces you to not spend more than what you really have. 2. Use the credit card only in occassions where the check card is not permitted, such as for online purchases. However... 3. Always pay your balance at the end of the month. It's the only way to ensure that you don't start slipping into bigger and bigger debt. If you won't be able to pay the balance at the end of the month, it's better to wait and not buy the item(s) until you can. 4. Enjoy the convenience! Regards, Alvaro

Well done is better than well said. -- Benjamin Franklin (I actually prefer medium-well.)

Paul Watson

Colin Davies wrote: Now you can use your plastic to get silicon implants. If there is one person who does not need it... :rolleyes:

Paul Watson
Bluegrass
Cape Town, South Africa

Photographs

Paul Watson

lauren wrote: finally i got plastic!! "welcome to the american dream lauren" :laugh: :laugh: :laugh: I wonder what the differen proportionally is between credit given in the US and credit given, say, here in SA. i.e. I got a low credit limit here in SA for my first CC, being young and unreliable and all. I wonder what I would get in the US. p.s. Better start buying Rands, currency is doing quite well ;)

Paul Watson
Bluegrass
Cape Town, South Africa

Photographs

Navin

I don't see how it could damage your credit rating. I had no problem getting a mortgage. And actually my credit was good enough to lower my insurance costs. :cool: It could be that having a student loan and making those payments on time is what really helped my credit rating. Even a broken clock is right twice a day.

Nick Parker

lauren wrote: "welcome to the american dream lauren" DO be careful, that dream can turn into a nightmare if you over use it. :eek:

Nick Parker

You see the Standards change. - Fellow co-worker

Jason Henderson

I concur! Get rid of it before its too late.

Jason Henderson
start page ; articles henderson is coming henderson is an opponent's worst nightmare * googlism *

Nick Parker

Paul Watson wrote: If there is one person who does not need it... I would have to agree, even thought I haven't been up close and personal with lauren. :rolleyes:

Nick Parker

You see the Standards change. - Fellow co-worker

Nick Parker

Paul Watson wrote: I got a low credit limit here in SA for my first CC, being young and unreliable and all. I wonder what I would get in the US. I suppose that would depend on whether or not you are seen as a college student through the eyes of VISA or Mastercard here in the US. College students are typically given way too much credit for use during college. I know, as I remember using it way too much, and paid the price later. Glad the damn things are paid off now. :)

Nick Parker

You see the Standards change. - Fellow co-worker

Paul Watson

Nick Parker wrote: I would have to agree, even thought I haven't been up close and personal with lauren While I have not been up close and personal with Lauren, I have met her in the flesh and I can back your assumption up.

Paul Watson
Bluegrass
Cape Town, South Africa

Photographs

Paul Watson

Nick Parker wrote: College students are typically given way too much credit for use during college. I know, as I remember using it way too much, and paid the price later. Glad the damn things are paid off now Indeed. I remember being chuffed and amazed to have been granted a credit card by the bank. I thought it was so amazing. Then a few months down the line I realised banks are all too happy giving people like me credit cards. Debt is free money for them.

Paul Watson
Bluegrass
Cape Town, South Africa

Photographs

Glenn E Lanier II

RabidKangaroo wrote: I've heard that in some cases, this actually damages your credit... Any truth to this or just urban myth? My wife and I pay ours off every month, but I don't really have a clue about financial matters... When applying for my mortgage, I was told they look at a ratio of total balance availability vs. income, and also factor in actual balance. We had several department store cards (you know, 10% off first purchase of refrigerator, etc.) that had no balance (we pay off every month) that each had credit limit of several thousand dollars (with $0 outstanding). That hurt us because they said we had potentially 10 thousand dollars outstanding, should we choose to go max them out. I still think not paying interest is better in the long run. Glenn

l a u r e n

awwwwwwwwwwww shux :-O

"traffic lights are for people who can't make their own decisions"
biz stuff about me

Todd C Wilson

lauren wrote: finally i got plastic!! "welcome to the american dream lauren" Most women opt for silicon gel, but hey, whatever works for you best... [badada-domp]

"Perhaps the truth is less interesting than the facts?" -- Amy Weiss, RIAA's Senior Vice President of Communications.
It's the new math! 421 == 156 !

Nick Parker

lauren wrote: awwwwwwwwwwww shux I see you are changing you pic quite often this past few weeks, will we be seeing another update soon?

Nick Parker

You see the Standards change. - Fellow co-worker

KaRl

* words, words... but pictures :rolleyes: * Nice weather, isn't it? :) (I hope Shog9 and you are happy with my typo :-D)

Angels banished from heaven have no choice but to become demons Cowboy Bebop

Steven Hicks n 1

I knew you existed.. you don't have to have plastic for someone to know you exist, thats what they want you to know. -Steven CP Addict

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David Wulff

Yeah you go and blush - he's never said anything that nice about me. :mad: :((

David Wulff http://www.davidwulff.co.uk

l a u r e n

im sure he would if he met you :rolleyes:

"traffic lights are for people who can't make their own decisions"
biz stuff about me