I am not a big credit card fan, but I want a blog that has some other viewpoints. So Mr Credit Card was kind enough to do a guest post.
Today Mr Credit Card from www.askmrcreditcard.com, who [...]
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Short answer. No. Of course not. You need food, water, air. You need a roof over your head. Maybe a car. And some clothes. And a job to pay for these things. Those are legitimate needs. You [...] What are the benefits of using a credit card? Convenience. I can’t think of any other good reason. The Airline miles, free hats, free tshirts, points, etc… it’s all gimmicks; Smoke and mirrors to get us to play [...] How do they determine what your FICO credit score is? Several key factors play a role. They are: Payment history. For credit cards, retail accounts, car loans, mortgages, and other similar debts. Do you pay on time or [...] You owe money. And the creditors want it. But you are having trouble paying everyone. You are falling behind or will be soon. What should you do? Here are some basic guidelines to follow. Be honest. Being dishonest [...] The following items should never be bought on credit: Cars Clothing Vacations Groceries (this includes food you buy when dining out) Some finance experts say it’s okay to finance things on credit like: Real estate, a business, [...] And why you should not use them. How this industry made $30 Billion (with a B) profit by ripping us off. (source: Fleeced, Dick Morris) -raising interest rates to over 20 percent -tripling late fees between 1994 and [...] Most Americans use credit cards for emergencies. Why? Because most Americans are broke. They have too much debt and no savings. It’s time to use cash for emergencies. Start saving now. Get yourself an emergency fund. Baby step [...] Too many bills? Falling behind on some? Run to your creditors and not from them. By this I mean contact them. Tell them your situation. Be honest with them. This is the counsel I was given and it [...] |
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