 Should I pay my credit cards in full or just the minimum?? |
| I've heard very different responses from many people and I don't know which one is true. My dad said to not constantly pay in full and others are telling me to pay in full every month. S... |
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 I have a problem paying 1 credit card, please read on & help, if you've been thru it or know what's best |
| I have several credit cards & a loan. I've always paid my payments, perfectly. One card, however, is becoming very difficult. I guess it's the "fine print" kicking in. So I... |
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 Does applying for too many credit cards hurt your credit score? |
| I have excellent credit and do not need any more cards, but some of the offers we receive in the mail look too good to pass up. Is it harmful to obtain them and then later cancel them, if you ... |
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 How long does credit delinquency stay on record? |
| I had a late payment of 180 days (don't even ask) but now I'm making payments. So would that still pop up as a current delinquency if iI were to apply for something like a motorcycle. or ... |
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| My mom is ruining my credit, what do I do? |
| A couple years ago, I didnt have any credit, and my mom added me to her credit card. She said it would only help it. Well what she was really doing was hiding the credit card from my dad under my ... |
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 The attorney has sent me papers saying I have 15 days to agree to some form of payment? |
| The forms say they have file and have been granted judgement to garnish my pay checks. I met all of my deadlines to file my response to deny this credit card charges with the court and even asked for ... |
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 I have another question.... what happens on your credit report when your car is stolen and...? |
| your insurance pays off the bank off... the bank sent me a letter saying congratulations, your loan is paid off and fulfilled, we will mail you the title, blah blah blah (in reality, the insurance ... |
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 Under Career Tools, if you click on the Average Credit Score, the 3rd box recommends you use this product for? |
| This is the Yahoo Hotjob trivia. I couldn't find the answer, I click the Career Tools, but I didn't see Average Credit Score, so need help.... |
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 How many numbers or on a credit card? |
| iv never had one how many are there?... |
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 Where can i get a credit card without having credt? |
i already tried target and bank of america
Additional Details
i just got denied for the capital one visa ... |
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 Credit cards? |
| 3 years ago i got behind in payments on credit cards and got a ccj on one of them after a few months i was able to pay all my cards off in full. would i now after all this time with no debt be ... |
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 Should I be mean to my credit card company? |
| I have never missed a payment, never overdrawn. This months bill just came in and they jacked the apr to 31.24%. I mean WTF is that? They will not even discuss it. I think I will max it tomorrow ... |
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 I need a personal loan of 1700 in 3 days!! HELP? |
| I need a personal loan of 1700, if I don't have it in 3 days the company will take me to court. I have bad credit because of this company, so no banks want to lend to me. I am an honest person ... |
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 Is it possible for someone who has just gone through bankruptcy to receive a new credit card? |
| My mother-in-law is 89 and has just filed for bankruptcy due to $37,000 of credit card debt incurred over many years by her son...primary caretaker. I am concerned that he enjoyed "getting away&... |
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 Which card is safer dibet card or credit card to shop online? |
i am just scary to shop online but i dont know which card is safe and how do i know which site is safer PLEASE GIVE ME SOME HINT ABOUT WHICH SITE IS SAFE AND WHICH CARD IS MORE SAFER
THANK YOU... |
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 Credit Problems? |
| I'm 21 years old and have been trying for over a year to get a credit card, and no matter what credit card I apply for through whatever company, I always get declined. I have no idea why. I was ... |
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anil m | Are credit cards really useful? |
Advantages-Disadvantages? |
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Shannon A
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Advantages:
-they help you build credit, which is one of the things you'll need if you're planning on buying a house (unless you have a lot of cash)
-you can buy things that you may not have cash for at the moment
-you can use it to shop online
-you may need it if you want to make a reservation, such as at a hotel or for airlines
- you need good credit to rent an apartment, condo, house, etc.
-some employers look for a good credit score when hiring, because if you have one, it means you're responsible
Disadvantages-
- you may end up spending way too much, more than you have
- you may not think about how you'll have to pay that balance off within a month or so (unless you want to make minimum payments for 20 years or so & end up paying way more than what the item costed you)
- if you're not responsible, it could ruin your life (at least for a while) |
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captain
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no it is harmful for middle class people |
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DaddysGirl
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Credit cards can be really useful. It depends on the discipline of the person. At one time, I had A1 credit and had several credit cards and no discipline. I was unemployed for 2 yrs. and the credit cards bills really piled up. I am older now and am having to repair my credit. Credit Cards are good for things such as when traveling and in extreme emergencies but not in cases such as those boots are on sale and I am out of cash. I hope this help. I will try all I can to help others not to be in the situation that I am in with my credit. |
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banana_fan
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A lot of people get in trouble with credit cards, but with self-control, a credit card is a very useful tool. Just exercise discipline, and use it judiciously!
Advantages:
- Build credit history - you need it, period. I've known people very responsible with their money who never applied for credit cards. Because they had no credit history, they couldn't get loans for house/car. Without credit history, you can't even get a cell phone contract w/o a deposit. Without credit history it's harder to rent an apartment, sign up for utilities, and sometimes even potential employers look at your credit.
Doesn't matter how responsible you are or how much $$$ you have in the bank, you need to be able to show it by a *history* of using credit responsibly. (The key word is "responsibly.")
- Credit cards offer purchase protection & benefits. If you pay for goods/services and the merchant wrongs you? Your credit card company can often work as a mediator in these disputes, and help get your money back. If you paid cash, it will be much hard to get that back.
- You need credit cards for things like: making hotel reservations, renting cars, etc.
- Online shopping: Credit cards make shopping online easier (although there is paypal, not everyone takes paypal).
Disadvantages:
- The most obvious one is that people lose control and get into trouble. Swiping a plastic card doesn't feel consequential like handing over cash, so you end up spending $$$ you don't have, and before you know it, you're drowning in debt.
So it's a necessary evil.
Being responsible and disciplined is key here. Using computer software like Quicken to track your expenses, and keeping track of your transactions online can be very helpful. Know where & how much $$$ you are spending. Learn about how credit cards work - how intererest rates work, the terms of your card, etc. And stick to a realistic budget, and know how money works.
Credit cards are useful, even necessary. They don't make you lose control, but they make it easier. Take control and make it work for you, not against you. |
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phy19050
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YES, esp when u r overseas and find urself short of cash when the merchanise is shouting "buy me! buy me!"
NO, since u dun see the cash when u r paying and can really lost track how much debt u r racking up. sometimes it's a rude shock when the monthly bill came.
it really boils down to how one manages his/her finances and SPEND WITHIN UR MEANS. |
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AFwife
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they are great for emergencies, or if you won't have the money for another week, i mean if the washer breaks and you don't have the money right then and there what do you do? you need a washer, its your own fault if you don't know how to handle credit cards, |
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kvenkateshbaba
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yes they r very very useful if utilised in emrgencies.
disadvantage is over buying. if u can control that then there no disadvantages. |
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robert w
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There are some real nice answers here today.
However the truth is Credit cards are for slaves in 21st century. The average person not family has 8400$ in credit card debt not including car or home loans.
Cash is king and a debit card is equal to a charge card except you actually have to have money.
Suggest you Read ' Millionaire next door' . Visit DaveRamsey.com to learn about your money and what the banks don't want you to know.
Credit card comps pay their CEO's up to 400,000,000$ (400 million$) a year that come from your pockets. |
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Romeo
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It depends on..person...and the city u live...there is a possibilty of over usage also...please monitor monthly ur expenses...and statements.....for frequent travellers and business people it is very much better......u can get maximum of 50 dat free credit period and some companies are giving free insurance coverage also..... and some reward points also...there are not at all bad,,,but u have to monitor ur expenses....some people are using 2 to 3 caards for fashion to show others.....all u need to take care of it... |
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appu
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yes they are very useful as far as you have a good control over the person who is spending the money |
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Best Answer Expert
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It depends on your buying power. |
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miths
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yes they r very usefull |
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