Mixolydian
Lifer
Amex. You have no choice but to pay the balance off.
If you have a charge card. Amex also has credit cards that let's you carry a balance.
Amex. You have no choice but to pay the balance off.
In other words, the banks did not like that you did not stay indebted to them.
Debt is nothing more then financial servitude.
Amex. You have no choice but to pay the balance off.
Maybe that but a car load has collateral, so it's less risky. A personal loan you can only go on by the person's credit rating.
One annoying thing about trying to get a first card is that you try a few and get denied then you finally get one. Six months later or so all the ones that denied you start sending you offers and filling you mail with junk.
yeap. my Credit rating is good. the bank also wanted a history of revolving credit.
i have had a bunch of house loans, car loans, business loans etc. Paid them all and except for the house i have paid all off early (trying to pay it off early though).
it was my first personal loan and a eye opener.
this is why is schools really need to teach finances and credit in school. I didn't understand that secured credit was different from a personal loan and the need to establish credit history.
Don't get a credit card until you have a solid job. Save yourself from the potential debt that follows people who have credit cards and little to no income.
My first card in college was a Discover student card.
$1000 limit, not sure what the interest rates were because I always paid it off (used it like a debit card)