 If you found out that a credit card issuer made a huge mistake that worked to your advantage would you? |
| take the money and run or let them know? Does the company have any recourse to reclaim their money if they find the mistake? Think about how much money you're giving the card companies before ... |
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 How to Kill A CREDIT CARD? SAFELY? |
| Killing a credit card is big process because banks are there to save them. Still so many people are having problems because of credit cards & so called charges which banks will take from your ... |
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 Can i cancel a direct debit for a debt if i believe ive paid it off but they still keep taking the money? |
| I have been paying HFO services £5 per week for the last 2 years,if not more, for a Barclaycard debt of £420.surely its paid off by now!!!!!Do i have the right to cancel my direct debit and how do ... |
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 Why am I not approved for a credit card? |
| I am currently a 21 year old college student. I applied for a credit card twice, but got rejected. It stated I had insufficient credit history and housing. What exactly does that mean? Anyone have ... |
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 Why are credit cards bad? |
'm doing homework on Credit cards and I need help figuring out why they are bad and why people shouldn't get it.
I need only bad reasons, so no answers with why you should get one. T... |
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 Do verbal contracts stand up in court? |
| i have agreed to something over the phone which they said was recorded and i cancelled about two weeks later,they kind of tricked me saying i had spoken to them before and i got a bit flustered ... |
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 Is 500 a good credit score? |
| yes, that is my credit score.... |
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 Bought something online with debit card never got iteam.? |
| I recently bought a iteam online with a debit card, and they say they send me the iteam, but i never received it. So what should i do?... |
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 Do the numbers in your social security number indicate your race? |
| No kidding my friend works for the credit bureau and that's what she told me.... |
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 Can some one please help me with collection agencys?? |
| I have no credit,but I've got about 6 collection agencys on my credit reports for medical bills,and I'm not sure how to clear it up?The doctor's I had do not except payments,so after ... |
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 I paid off my credit card balance & closed the account - but I again have a balance? |
I paid off my $2,000+ balance on a high interest credit card recently. After a few days, I confirmed that my balance was $0, then I closed the account.
The next month, I received a ... |
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 Should I close an unused credit card account? |
| I have a credit card that I misplaced awhile ago and haven't used it since. I got another card from the same issuer with different benefits, but its something that I'm using to replace the ... |
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 What is the purpose of signing the back of the credit card? |
When you activate the card the sticker says to also sign the back of the card. I never sign my cards, and the cashier people never mind. What is the purpose of signing the back anyways?
A... |
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| MONEY ORDER- so i am a teenager and do not have credit card or check -can i still use money order -10 pointss |
| for best answer. i want to order some socks from journey's and they say u purchase it at the postal office and also do u make the order at the postal office and give them cash right there and ... |
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 I discovered a secret credit card.......? |
| I just got my credit report and noticed my spouse has a "secret Credit Card" with a balance of about 4000.00. I am annoyed and hurt that I was not made aware of this card. What do I do next?... |
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cashdolla_scenes | How do people use credit cards? |
It's not like they don't have to pay back the money of what they purchase if they use the card right? |
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Flower Girl
 |
They walk up to the register, hand over the credit card and say charge it. What exactly is your question? Of course they have to pay it off! |
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RantingLover
 |
People use credit cards for a variety of reasons. Sometimes people use credit cards to live beyond their means (which is the worst way to use one.). Others (like me) use a credit card because they don't like to carry cash around and if something gets lost or stolen I'd rather it be my credit card than my debit card.
Fraud protection on a credit card is better than a debit card, and if something does happen with my credit card at least they don't have direct access to my money like they would with a debit card.
Responsible use of a credit card can also help raise your FICO score which can in turn lower interest rates on car loans and mortgages (and, under debate, credit cards).
I know other people have mentioned points/rewards programs which is another benefit to using a credit card (though I had it on my PNC debit card also). Though for regular people it does take some time to rack up enough points for good rewards there are some "cheaper" and smaller rewards that are fun also. And who doesn't like free stuff (if you're paying your account in full or almost in full).
So, as long as you can use your credit cards responsibly there is no reason not to use them. |
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Pooty Pootwell
|
Right. Credit is like "borrowed" money. Simply put, it's like asking someone else to pay for things for you. After a month, they say, I've paid for $XX.XX for you, now you owe me. You can either pay back the entire total with no penalties now, or you can pay back part of the total and have the remainder of funds collect (usually a lot - like 18%) interest. |
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malicka.lenk
 |
Yes, you're right. The thing is that with a credit card you dont have to pay it off right away, you have a choice. For example: if you purchase something for a 100 dollars, you can pay 10 dollars a month but also pay an interest which is most of the time around 15-20%, it depends. so basically you dont have to pay cash right away if you dont have it. but by using a credit card you can build your credit(points that the bank can judge your ability to pay for something, so the more you use it the more score you get.) if you don't want to pay the interest, you dont have to if you pay right away within a month (25 days). hope i helped. |
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Tim
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i use it as if its my $$ already and end up being a slave to the bank for 10 yrs. its horrible. |
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bdancer222
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I have a rewards credit card. I carry very little cash and charge everything. I then pay the credit card in full every month. In other words, they pay me for using their money. |
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*****
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They are convenient. I have no problems, because I pay my bills on time every month. |
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yusdz
 |
Buy NOW, Pay LATER...
Buy for $100, Pay for $200 |
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Nobody :D
|
Of course you DO have to pay!
And if you bought a lot of things, it means you have a lot more to pay for... Plus the interest!
Everything you buy costs you. |
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Emperor
|
Save for what you want, don't use a credit card for it. Only buy what you have cash for, after buying what you NEED with cash.
Only use a credit card if you have the cash to pay it off before incuring interest charges. Don't use a credit card that charges an annual or monthly fee, unless you're really getting your moneys worth (like exceptional savings or flight credit; this is not the norm - don't be fooled by the mileage rip-off, if you don't spend a LOT of money, or fly frequently you won't even have a chance to use those miles).
Credit should be reserved for emergencies for things you NEED. |
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vincer201
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I think she meant WHY do people use credit cards. I use mine simply to build up credit. |
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angelecc
 |
yes you have to pay it back. And if you let a balance roll over you get charged a few. You have to at least pay the minimum asked for. But, if all you do is pay the minimum you end up with an even larger bill after a few months. Its more or less a card that helps you when you dont have the money rite then. I use mine so that at the end of the month i just have the credit card bills to pay dont have to use my debit card or take cash out which is good like to spend cash and the credit card has cash back rewards. some people only use them for emergency car broke down or water heater went etc. You do have to pay it back. They are good to establish credit soo you can get a car loan or house loan. |
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Larry B
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You have heard of the term. Borrow from Peter to pay Paul. Well this the same thing. you buy now and pay later.No free lunch, best not live this way if you can help it. |
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Savoir Faire½ Eggroll Jenkins ™
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Yes, they do have to pay the money back eventually....some ppl use credit card to buy what they want because they dont have the cash available at that time. |
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MyzBksCuttie
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its safer then carrying money around... |
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TOM
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There is NO positive side to credit card use. You will spend more if you use credit cards. Even by paying the bills on time, you are not beating the system! But most families don't pay on time. The average family today carries $8,000 in credit card debt according to the American Bankers' Association.
Now let's talk about the rebates. If you were using a credit card at 5%, you would have had to have spent $80,000 to get $4,000 rebates on new cars that lost $6,000 of value when you drove them off the lot. That is not a good deal! |
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robert w
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they have been SOLD into fallacies and myths about 'good credit' when all 'good books' state the borrower is SLAVE to lender.
credit card companies will find more loses as the economy adjustment continues.
visit dave ramsey.com for enlightenment :-) |
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