![]() |
Quote:
My uncle Joey lived in San Fransisco for years as a contractor for a firm that did architecture for communications towers. As you may guess you can only build so many of those before they lay off most of their employees, so he ended up going to Sacramento, and it sucked there bad compared to SF. :/ |
Quote:
No interest. If you use like that then it's just a way of measuring that you can pay things of. Which is useful if you want to buy a house eventually. |
Quote:
|
Quote:
The only bone I can ever really give the "credit" system is renting an apartment, but then again my mother's been living around for years with none to speak of and has rented from plenty of people. Isn't it interesting that the richer you are the less you have to worry about an imaginary number that says how faithful you are with money? Wealthy folks could not pay things back, sure, but unlike most people they don't have other financial worries to have a reason not to. It's a win-lose! Guess who's losing? |
If you pay off everything in full without delay, then you won't be charged interest. It's all about micromanaging your expenses and making sure you don't go mall-happy and go crazy withe card. With control and wise decision making, you'll be just fine using credit cards for things other than just emergencies.
|
Quote:
Oh, and I also remembered in addition to what I said about the relations to credit and apartment renting. There are other methods of verifying you're not a total bum besides a debt management score, such as a reference from your previous landlord or landlady, a co-signature from friends (or maybe family), an employment resumé… yeah. |
Eh. I have a credit card and I use it more than I should, but I make pretty good payments on it most of the time. Sometimes, I need things that I just don't want to trouble my bank account with. I tend to use it for larger purchases like airplane tickets/etc.
|
Quote:
Also, regarding a co-signer, most people don't want to co-sign, or are at the very least very reluctant to do so. Co-signing binds that person to become responsible for the bills you can't pay if you fail to do so, and it affects their credit if they choose not to. Not to mention, if you're a fully grown adult, you're more than likely going to want to be able to get an apartment on your own. But these things don't usually apply when you're looking for an apartment privately through the owner directly, unless they're really strict. And if your credit isn't up to par, usually they'll let you live there with an added security deposit. You also need credit for things like cell phone contracts if you're interested in one of those. If you don't have enough credit, they'll add a security deposit ranging from $100 (Sprint was that) to $500 (AT&T had that when I was looking at carriers before I had any credit), though I'm sure there are some companies that have a lower security deposit. |
Quote:
Quote:
Quote:
Quote:
|
Quote:
Though I never had to ask for a cosigner for anything I've needed credit for. My credit score is good enough to qualify for the things I've applied for. Quote:
|
Quote:
Quote:
Quote:
|
I think the more important question is if people are literally using it as a debit card, never charging more than they have and paying it off before they have to pay any interest, and there's a benefit to using it (whether it's rewards or better credit in the future in case of emergencies), why is it a bad idea? Most people have enough self control to not spend more than they have so the "chance" of them going ~crazy~ isn't really an issue.
I try to plan my life in a way that if things went catastrophically wrong suddenly, I would be able to land on my feet. That means getting good credit even if my income is enough for whatever I want, saving money even though I don't need it yet, making purchases designed to last long-term even if the short-term option is cheaper upfront, and making sure that I can rely on myself in case someone else won't or can't pull through to help me out. Ideally, my credit will never be an issue, I'll keep my nest egg in a bank account without needing it, nothing I own will ever break down before I get what I need out of it, and people will always be by my side to help me out. But real life doesn't always work that way, so it's only logical to do all you can to cushion a blow. No effort + no extra cost + no risk + increased security = a good deal. |
Quote:
Eh, in all seriousness though, you do make some good points. It's the idea of credit being needed in a society that's been without it for hundreds of years and been just fine without it that bothers me. Surely we as a species had ways to trust strangers financially before credit scores, right? I think it'd be better that way, since credit scores are only a thing to really ever worry about in the eyes of the lower and middle classes. It's a plutocratic separation… I don't like the idea of that. |
Dammit, I was ready to lock this too. Then I see it's the DCC.
|
You should've seen it coming Dipu like an atom bomb.
|
Quote:
|
Title is an ad. You should instead use the official one sanctioned by legislation and the agencies: Annualcreditreport.com
|
Checking your credit can potentially harm your credit.
Enough of credit cards! The Warsmith demands action! Let's talk about how we take our favorite drinks instead! I take mine. . . I also just occurred to me that several of you are not within drinking age. . . |
Quote:
|
Quote:
|
Quote:
|
Quote:
|
The only point in a legal drinking age is for young people to feel cool by breaking it lol
|
Telling grown adults what they can and can't do with themselves before some post-emancipatory age is stupid.
I drink alone. Yeeeeaaaahhhh, with nobody else. |
I don't drink.
It gets awkward around tipsy people. :o |
| All times are GMT -8. The time now is 12:11 AM. |
![]()
© 2002 - 2018 The PokéCommunity™, pokecommunity.com.
Pokémon characters and images belong to The Pokémon Company International and Nintendo. This website is in no way affiliated with or endorsed by Nintendo, Creatures, GAMEFREAK, The Pokémon Company or The Pokémon Company International. We just love Pokémon.
All forum styles, their images (unless noted otherwise) and site designs are © 2002 - 2016 The PokéCommunity / PokéCommunity.com.
PokéCommunity™ is a trademark of The PokéCommunity. All rights reserved. Sponsor advertisements do not imply our endorsement of that product or service. User generated content remains the property of its creator.
Acknowledgements
Use of PokéCommunity Assets
vB Optimise by DragonByte Technologies Ltd © 2023.