Today I am a Man!!!

[SlaverTickler]

Got my first Credit Card bill. Responsibility here I come.

 

[venray]

Pay it in full and burn the card now..

 

[seanwoj]

Congrats, Now do what he said, burn it.

 

[SamuelKhan]

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/JrTBlV-FGbc&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/JrTBlV-FGbc&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

This is your moment, Arthur Pewty. At last you're a man...shred the fucker.

 

[SlaverTickler]

If I burn the card how will I pay for my Internet when I get my own place? Or how will I develop a Credit Raiting so I can get a house one day if I want to?

 

[seanwoj]

This is your moment, Arthur Pewty. At last you're a man...shred the fucker.[/QUOTE]



Just do what he said, trust us, you wont regret it.

 

[AngelOfDarkness]

Yeah. You'll regret ever getting a credit card later.

 

[Angel77]

Chop it up.

 

[kis123]

If I burn the card how will I pay for my Internet when I get my own place? Or how will I develop a Credit Raiting so I can get a house one day if I want to?

In this economy?? Are you serious??

With enough money down, you can buy anything you want around here!

But follow everyone's advice--burn the card now while you still can!! It's not worth it!

 

[Bugman]

Be very careful how you use it, and pay the balance in full every month. It's real easy to whip out that piece of plastic, it's not "real money" afterall, or so many seem to think. When the piper must be paid, it is another story. Intrest payments and late payment charges can eat you alive.

 

[asutickler]

Be very careful how you use it, and pay the balance in full every month. It's real easy to whip out that piece of plastic, it's not "real money" afterall, or so many seem to think. When the piper must be paid, it is another story. Intrest payments and late payment charges can eat you alive.

This.

If you want a decent credit rating, you need to have a few active tradelines. Do just what Bugman said: Use it a little bit each month, set money aside to cover what you've spent, and pay the damn thing off in full each billing cycle. Use the card, don't let the card use you. If this is your first bit of credit, then a 12 month history of paying as agreed will do wonders for your ability to obtain more and cheaper credit in the future.

 

[BrightEyes1082]

This.

If you want a decent credit rating, you need to have a few active tradelines. Do just what Bugman said: Use it a little bit each month, set money aside to cover what you've spent, and pay the damn thing off in full each billing cycle. Use the card, don't let the card use you. If this is your first bit of credit, then a 12 month history of paying as agreed will do wonders for your ability to obtain more and cheaper credit in the future.

Do you work in the financial industry or something? 😀

 

[Wildtime]

Go with bugman and asutickler's advice. Just use your card for building your credit by living within your means. Also, don't buy into credit insurance or credit alerts, they're just a waste of money...at least they are here in Canada. If your statements are available online, watch them closely. The good thing about credit cards is you can cancel transactions that you didn't make--but if someone is using your financial information, you could be in serious trouble if you don't act on it immediately. Finally, don't bother with cash advances, they'll kill you.

 

[Bugman]

Finally, don't bother with cash advances, they'll kill you.

Another good point. One might as well borrow from a loan shark. Of course, some people might consider that a distinction without a difference. 😉

 

[goddess_nemesis]

If I burn the card how will I pay for my Internet when I get my own place? Or how will I develop a Credit Raiting so I can get a house one day if I want to?

I'd go with bugman and asu's advice. It's extremely important to be responsible with a credit card. Otherwise, it'll end up fucking you in the ass. Keep this one but don't get anymore. One credit card is more than enough.

As for building your credit rating, there are prepaid cards that you can use to build your credit score but you put the money on the card that way you can never overspend money you don't have.

 

[alchemy]

Now You're a Man!

<object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/7bMLu2SQAK0&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/7bMLu2SQAK0&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340"></embed></object>

 

[kered]

Just do as Buggy and the Rhino say and don't go nuts buying stuff you think you must have. Doing that will sink you faster than the Titanic.

 

[Gadilici]

You want to pay the full balance every month, and never take your balance above 35%.

This is for good credit. You need to use it enough, but you do not want to deal with interest....

Christopher

 

[SlaverTickler]

In this economy?? Are you serious??

With enough money down, you can buy anything you want around here!

But follow everyone's advice--burn the card now while you still can!! It's not worth it!

Know what, you have turned out to be a very good friend. Considering how much we banged head that really says something about how things have changed between us. However I have no plans on going crazy with this thing. I have a little over 200 bucks on it right now. I am going to pay half of it this month, and then the rest of it when the bill comes in next month. Other then one pay site membership I have no other real plans to use it. I don't even take it with me when I go out. So I am pretty responsible with it IMO. I appreciate your advice (and everybody else as well) but I am gonna keep it.