Do you think that it is a good idea to apply for a brand new credit card?

My sister went to Sears and applied to their credit card. However, she has a lot of debt to pay from the previous credit cards that she owe. I can%26#039;t get her to stop being involved in credit. She is working and still always get a new card. So, how do I get her to stop applying?

Do you think that it is a good idea to apply for a brand new credit card?

Getting a new credit card won%26#039;t solve her problems, and it doesn%26#039;t improve her credit. Have her order a free copy of her credit report from Experian, Transunion, or Equifax (you get one free report from each agency each year). This is the same information that every credit card company and loan officer sees when she applies for a card or a loan.

It will show that she has terrible credit, and doesn%26#039;t repay her debts. The companies will therefore either refuse to lend her money/credit, or will do so at a very high rate, knowing that they will earn thousands of dollars from her in fees.

She needs to cut up all her cards this instant, and start working on a cash-only basis. Her primary obsession for the next several years should be paying off all her debts. It%26#039;s difficult, but it can be done.

If you really love her, hold an intervention. Get everyone who loves her to sit her down and talk with her. Convince her to cut up the cards and read the following books.

Do you think that it is a good idea to apply for a brand new credit card?

Unfortunately, you can%26#039;t control her. Say what you%26#039;ve got to say just once. After that, they don%26#039;t hear you anymore.

Do you think that it is a good idea to apply for a brand new credit card?

she%26#039;s on the road of bankruptcy or bad credit.... too bad.

There is nothing you can tell her until she realizes by herself in the long run that it was a bad idea.

Do you think that it is a good idea to apply for a brand new credit card?

make her understand it is a disease , not just a habit

Do you think that it is a good idea to apply for a brand new credit card?

Having a few credit cards will not %26quot;help%26quot; your score. For example...if you already have an extensive credit history with a couple of car loans, a student loan , a mortgage and a few of those are paid off and all of them paid on time, your score is probably very good...over 680. If you add 3 or 4 credit cards, your score will most likely go down in the short run, and be held back for a while, as the ability for you to run up debt is part of your score. If you have cards that have more than 50% of the credit line tapped, they will drag on your score as well. Read more from: http://www.credit-card-forums.com/thread...