how many of you have credit cards?
March 6, 2007 11:09pm CST
me...i have 2 credit cards and its really not good. at first its ok, but then later on...i had a hard time paying it. if you will not check your billings well, you'll never realized that the financial charges is huge. meaning...the interest is not only 2.5 or 3.5% per month. i advice you guys to cancel your cards or use it wisely so that you will not have problems later on.
• Sri Lanka
7 Mar 07
Hi thanks for the advice, but i think if you request for monthly statements, you ll have plenty of time to settle everything before you get charged any interest. I feel credit cards are important caz there are so many offers online, which you can avail of easily with credit cards..
20 Mar 07
I have a few, very useful for paying hosting & domain names. But I figure it was a bad idea to buy expensive items in a monthly installment. The phone I purchased it with got lost and now I'm paying for nothing.
8 Mar 07
Before, I applied but was not approved, now my wife has her credit cards and she used it last christmas, and as of now were still paying for it,yes at first it looks good and she enjoyed shopping,but when she received the bill, she was surprised that it reached the limit, and i said to her we must pay first before we used it again. I said let us make use of it wisely only for emergency. The funny thing is she dont knew that her agent let her signed other company's application, and two credit card has been approved. So all in all we have three credit cards including for myself as she applied for my extension card. Now i told her in order not to be tempted to use it when she go to mall and buying by using credits cards, dont bring it, until we have paid the first, we might encounter problems paying it.
7 Mar 07
I'm terrified to buy anything on credit, much less get a credit card. I've seen it ruin people's lives and leave them in debt for 10 or more years after they stop using them even. I think I'd rather be a little poor and stick with buying things with money I have unless a real emergency comes up.
20 Mar 07
yeah, it is good to be poor but have no debts than to have everything but on debt. credit cards would really ruin your life because you'll be tempted to swipe those things that you really wanted. but then later on, you'll realized that you cant pay anymore because you're out of budget. just be wise on spending on anything.