credit cards
Out of context: Reply #21
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I think they're best avoided until you definatly have the money to pay them off.
I'm guilty of "being had" by the countless people shoving credit cards at you when in college. Everyone can get one then because you don't have any bad credit in most cases.
They called me on the phone, and I went ahead and gave my info so the guy could get another star towards his quota (I had telemarketed recently and kind of felt good to not hang up on him)
well, it came, took a few months then I got it turned on w $1,000 limit.
Fast forward 6 years to the present time and that stupid card still plagues me thanks to never making an effort to pay it off. I had a plan all mapped out 4 years to pay it off when it was less of a balance (about $4k right now) and didn't bother. Now I have no credit rating at all.
It was written off as a bad debt to the card company, account closed.
And currently I'm writing them to set up a payment plan to pay it off-they likely don't expect me to at all.
The point is, I'm 25, working full time, life is going well, but I absolutely hate to think how bad credit could continue to hang over my head in the future. When you think about getting married in the future, buying a house, car, loan etc, and you think that it will be a problem because of the credit, that sucks.
I know I should have paid it off long ago, I'm now paying the price for that, but just the same making an effort to take responsibility for it.I know that was all a long read, but life is much better when not in debt. Debit cards w/you checking account rule, you only spend what you have and don't go over the limit. Why they weren't invented earlier I don't know.