 Where can I get about 15,000 dollars of free/grant money towards a down payment on a home? |
| I have perfect credit, have very good income, and I am a first time home buyer. The problem is that I don't have enough money on reserve for a down payment, closing cost, home insurance and ... |
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 Auto interest rate, can a car dealer change the rate after you've signed the papers? |
| So what happened was, we got this "awsome deal" for a brand new car @ 0% we drove the car home last night, and just now he called as saying, we need to go back there because we were not ... |
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 What are your legal right over bailiffs entering your home?? |
my sister is terrified of opening her door as the baliffs have been round for an unpaid 4yr old debt.
They threatened her husband with arrest. they want to do a walking possession order on her ... |
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 Looking for a well earned 10 points? |
| I have a retail card at geeks.com, buy.com, and amazon.com. I tried to get one at macys, jcpennys, sears and best buy but i was unable to. I have come to the conclusion that i have average credit. W... |
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 What would happen if i just told the creditors calling me "I'm just not going to pay you"? |
| I have a credit card that went array a few years ago, and I should not have let it. My problem is that I keep getting harassing calls. Im in Texas, and I know that they cannot garnish my wages. I ... |
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 My fiance is in DEBT...How do we get out!!?? |
| My fiance is being sued by a company he owes money for. The total is: $3684,66 dollars. He called today and he offered to pay $50 bucks a month. They told him that they would not take it. They want ... |
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| Do I get charged by the credit card company if I dont use the card? |
| I was going to get a credit card for emergencies only...I would not normally use it. What I want to know is would the credit card company charge me for just having the card, even if I dont use it?... |
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 Is debt really cancelled after 5 years?? |
| read a question earlier and it was mentioned ..... |
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 How can build credit when i dont have enough credit to get a credit card??? |
| im 19 and i'm just now starting to build my credit.the only credit i have is from paying my cell phone bill.im trying to get an apartment but i dont have enough credit.its not that its bad i ... |
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 HELP! I'm in $15,000 in debt? What should I do? |
| I'm in $15,000 in credit card debt ( mostly from putting my college bills on there and spending carelessly) What is the fastest way to pay it off? Should i take out a loan? should i go to credit ... |
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 How can a single person ever make or save enough to buy a home? |
| how do people make it in the world today,it seems to pay your basics is quite an ... |
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 What is the best way to handle a credit card I don't intend to use? |
| When I made a large purchase at a department store, I applied for their card in order to get the discount they offered. But I have no intent to ever use the card. Should I officially close the ... |
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Tara B | How does a credit card work and is it a good idea to get one? |
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bio-diesel guy
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First, credit card companies check your credit score to evaluate how much your credit line will be (how much you can spend). Then, if you qualify for the card you are trying to get, you will receive the card in the mail. You will have to call and activate the card. You then can make purchases using the card. You should only use the card if you have the money to pay it off. Each month you will receive a statement. You can pay how much you would like but the catch is what ever you don't pay, you'll have to pay back with a high interest rate. It is smart to have a credit card to build your credit score. One day, if you are buying a house or something, you will have built sufficient credit. |
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jacqueline e
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A credit card is a way of running up debts by spending money you do not have. |
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sarah a
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Credit card is a great idea if you use it right.
1) it will help you get credit and get good loans for a car and a home
2) if used poorly it could ruin your credit preventing to get certian things, so use it carefully. Credit card is a loan but you get a limit never go over 50% of that limit it spells trouble. |
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Frank M
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You pay using the card. You are billed each month. You pay-off either the minimum amount required or the total. You can set it up to pay automatically by t direct debit from your bank account. Some credit cards give you 1 % cash back or 0 % interest on what you spend -for up to 12 months in some cases. Then you have to pay back & if you don't its high interest. BUT you can do a balance transer to another credit card that offers 0 % interst for balance transfers - but these are tending to charge 1-2 % for the privilige. SO its a great idea as long as you pay off your bills each month. Don't spend more than you would anyway. It will help you build up a credit history. This helps you get loans when you really need them. If you cannot control your spending then don't get one. |
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Queen Nefertiti
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It's a great idea to get one if you know you will use it for necessities only. If you think of it as your banking card and spend on utilities, gas, food, etc then go for it. It will help you build a solid credit history for when you need a loan or a mortgage. The benefit of cards these days is that you can get actually make money by using your card (1-5% cash back) if you pay your bill every month and avoid paying interest.
best of luck! |
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rejoiceinthelord
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Credit cards are a must in todays society. You will need to get at least one to build your credit history. But the smartest thing you can do after you get it is to make one or two purchases, pay them off immediately the first month and then not use the card again. Pay cash for what you want. Too many young people get so strung out on cards treating them like free money and it ruins their credit. It keeps them from qualifying for a home purchase. Keep your credit history in good shape so when you get married and want to get the things that really matter for the future, you can do it. If you can'tpay for it in 30 days, don't charge it!!!! Save up the money and pay for it with cash.
So credit cards are good if you are disciplined and want to build a credit history. They are bad if you can't control your spending habits. |
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CreditCardMan
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Is it a good idea ? Depends on what you want it for and how responsible you are with money. I like them for the convenience - you know if you are away you have X amount available in case the car breaks down etc. I got my Credit card from
http://www.dgftaworld.net |
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nuclear farter
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if its for the internet online shopping ect, avoid getting a credit card use your bank switch card instead if you have that or similar |
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David M
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As a certain Bigwig at Barclaycard once said that he wouldn't let his kids ever have a credit card it is only useful as an emergency tool. |
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badboyz
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Well, it depends on how badly you need the money. Credit cards are a way of buying something now, and paying for it later (a method of deferred payment). The cost of borrowing from a credit card 9interest rates) are usually high. I don't suggest getting a credit card for fun shopping because its a loan. In some cases if you are not able to make payments you could ruin your credit rating and then you will have a hard time buying bigger items like cars, or houses. On the other hand, if you are responsible and have a good job then i suggest getting a card that does not have a high interest rate. I hope this helps. |
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CrzyCowboy
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Not a good idea to get one with a high intrest rate, it works by your borrowing money at a fixed rate of intrest and then paying an amount or allof it monthly. Get a small balance on a card and try it, always pay the balance if you can. |
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coolrichard2
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A credit car is like a mini loan. You can spend money that you will receive as wages from your place of work at the end of the month. As with a loan you have to pay interest. |
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kfgmaster
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When you use a credit card, the credit company basically gives you a loan, which you pay off over time. When you purchase items, no money comes out of your bank account until you pay off the card.
Using a credit card online is much safer than a debit card online, as the credit card company can help get your money back if your buy from a fake seller.
You can find different companies here:
http://kfgmaster.ecreditdirectory.com/ |
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pluto
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dont care and no |
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Danica O
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If you must have it - that is not bad idea......But if you can work without credit card.....don t get any......Because,you must pay for credit card if you have it - even don t spend a dollar,euro,pounds or some other vault........ |
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sarge927
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Most credit cards are unsecured credit cards, which means you don't have to put up any collateral like a house or a car to get one. When you apply, they look at your credit history and your income and they decide whether they're going to give you a card. If they do, they also decide what credit limit you will have.
Most people who get their first credit card have a credit limit of $200.00 to $500.00. When you buy something using your credit card, you get a bill for it at some point during the month. They will tell you that your minimum payment (usually $15.00 or $20.00) is due by a certain date. As long as you make the minimum payment, you're cool. You can pay the whole bill if you want, but you have to make sure your payment gets in on time.
You can continue to put things on your credit card as long as you don't exceed your limit, but if you make the minimum payment every month, two things happen: (1) Your available credit is very low, which is bad if you have an emergency, (2) You pay an outrageous amount of interest, usually 18% to 20% per year, and that adds up fast. That's why they say you're always better off paying off your entire credit card bill every month.
Credit cards are very good for emergencies when you may not have cash handy (for example, you're taking a major road trip and your car breaks down 500 miles from home), and having a credit card helps you build a good credit history so you can buy a house or a car later on -- but only if you use your credit cards wisely. If you run them up to the limit regularly, or if you're late on payments, that'll hurt your credit history. |
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Ak2ng
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If your financially stable and know how to handle ur money, get one. If u tend to overspend and spend all the cash you have, then no. It is basically a "credit" system where the company pays for your purchase, and you pay the company back at the end of the month. However, you pay one day late, and a hefty interest will be incurred. It is always good to pay 3 days early just in case the payment takes a while to get through. Always be careful of credit cards, and ALWAYS pay ur bills on time |
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Malachim
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They work by lending you money, then charging you and arm and a leg interest for the 'favour'
Running into debt is a really, really bad idea. If you can't afford it, don't buy it, wait and save up. Anyone who says otherwise is, at best, a fool.
Think of it this way, card repayments are anywhere between 7% and a whopping 30% in the high street, 16.5% being the typical average - you try an find a single bank or institute in this country offering even 3 or 4% interest on savings without you agreeing to put large sums in long term investment.
Really, avoid them like the plaque! |
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lisa r
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if you can control your urge to splurge then yes if not you may end up in debt.i use mine when im broke or need to buy something like a pc but dont have the cash on me |
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Wafflebox
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You basically run up loads of debt on it and the lender charges you interest on that money and your debt spirals out of control and you end up owing thousands and can't see a way out.
I personally don't think they're a great idea to be honest, but if you really want to get one, go to www.moneysupermaket.co.uk and search for credit cards with 0% introductary offer and get one of them so you don't pay interest. When the introductary period runs out, transer to another one. You can usually find them with about 9-12 months interest free at the moment though. |
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