What is so good about owning a credit card?

Is this the only way to establish good credit?

I don%26#039;t want to EVER own one bcuz if I really need a ton of money fast I would just atke out a personal loan or something.

It seems getting a Credit Card is the quickest way to debt!

I would like to only stick with a Debit card and getting only Payday type loans when needed.

Is this feesable?

btw, I%26#039;m 17 years old. Just looking toward the future! lol.

What is so good about owning a credit card?

payday loans are NOT a good options. btw.

and to treat credit like money you don%26#039;t have is foolish. the people who own credit cards and who use them wisely benifit from good credit and can get loans with really good interest rates. both i and my parents own credit cards, and we pay off the balance every month. you just have to be responsible.

i%26#039;m only a year older than you, and my credit is in the high 700%26#039;s because i pay off my balance every month and have been doing so since i started. my car loan interest was so low because of this.

but, if you aren%26#039;t used to spending money in this way, i suggest using a debit card until you get used to the idea that credit is not free money.

i use online banking to keep track of my balance and when it is due, and i pay online as well. keeps me on track and out of debt.

What is so good about owning a credit card?

First of all, Payday loans are pretty much the worst type of loan you can get. They are so bad states have to regulate how many of these legal scam shops can open up, and have to limit their interest rates.

Credit cards are almost a must these day. Debit cards have the risk a credit card doesn%26#039;t. If a thief steals your CC info, he can only max it out. If they steal your Debit info? They can clean out your entire bank +3 a few extra that your bank allows.

An alternate way to raise your credit, is taking out loans from your bank, and paying it back slowly. Also sending formal letters to your bill companies, asking them to report to a credit bureau on your behalf. Hope this helps!

What is so good about owning a credit card?

Payday loans are hugely expensive and only for small amounts.

You can%26#039;t get a personal loan from a bank %26quot;fast%26quot;. Especially if you%26#039;re not around to apply for it. Think about being out of town and your car breaks down. It%26#039;s better to have credit established.

There are rule to protect the borrower regarding error and dispute resolution, but these only apply if you really are borrower. They don%26#039;t apply to debit cards because no money is being borrowed. Good credit cards rebate 1% of everything.

I pay for everything on my credit card, get the consumer protection, get the rebate and pay it off at the end of the month, so I don%26#039;t pay fees or interest.

What is so good about owning a credit card?

There%26#039;s different ways to establish credit besides a credit card. What you should understand is that whether you have a credit card or take out a loan, it%26#039;s still borrowed money. People don%26#039;t seem to get that idea. Credit cards by themselves are not bad, it the hands of people that aren%26#039;t responsible enough to use them as a tool instead of a crutch. Like I mentioned earlier, until it%26#039;s paid for, it%26#039;s NOT your money. My belief is that if you can%26#039;t account for it in your check register, then you shouldn%26#039;t get it. If you can%26#039;t afford it, then there%26#039;s a reason that you don%26#039;t have it, bottom line. Even though I work for a credit card company, I%26#039;m not a %26quot;company man%26quot;. I personally use what I know I can afford, simple as that, and I feel people should be the same way. I think that credit cards have their place, but it%26#039;s up to people to put them and keep them in their place responsibly.

What is so good about owning a credit card?

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