I was reading Daniel's entry about credit card drama and it inspired me to write. There are many negative things about credit cards...many of which Daniel described. And I think it is especially difficult for students our age because it's like instant money when you don't have it. But ou don't think about having to put the money back. So many students end up in debt. Which is a really hard thing to get out of. But there is another side to credit cards. Yes they have a positive side. Credit cards help you build up credit, which you will need one day when you are trying to buy a house or applying for a loan, or when you need a new car. You have to have good credit. But if you've never had a credit card, you don't have any credit: good or bad. I've tried applying for cards at stores like Express and Victoria's Secret...you know to get the discounts. But I've always been turned down because I didn't have any credit at all. So sometimes it's important to have a credit card, but only if you are responsible. If you can pay your bills off in time, you will build good credit for yourself. But if you know you're very irresponsible and not very prganized, and you now you won't pay it on time, well then no, credit cards probably aren't for you. But sometime you have to grow up and be responsible.
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2 comments:
i share your feelings about credit cards. that is why i tried so hard to get one, so i could start building good credit. so now i finally have one, and so far i have been pretty responsible with it. i think as long as you pay it off (all of it-unless you dont have interest until some time, like i do with mine), you'll be fine. then you won't end up owing thousands of dollars wondering how you will ever pay it off
I know what you mean. Being in debt and credit cards and everything freaks me out. I finally decided that i needed to build good credit. I applied for one of those starting out cards or something and just cut it up when i got it. Since you dont have to pay any bills if you dont use the card then there is no way that I could be late on a payment. Now my credit score is great but I didnt ever have to use the card.
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