I have recently received my first credit card. I have conflicting feelings about this. My mom told me that I need to spend about $300 in order to really start building my credit. Though I would like to do this it is still scary. I fear myself going out of control and maxing it out. I know that I won't do this, but it is kind of the same
(
Read more... )
Comments 16
(The comment has been removed)
Reply
I understand how credit works. I work with it every day. To have the best credit score possible, your credit cards should be about 25% full. You not only have to have a credit card and use it, but also make a profit for the credit card companies. This makes you a good consumer and that will increase your credit score. If you have other questions on the subject I would be happy to fill you in.
Reply
It will get you up to your 25% mark sooner, but a month or two of waiting to get there is not going to hurt you. If you didn't plan on buying an xbox before you got the card, then it is not financially responsible to do so now. End of story.
Reply
anywho...
i think an xbox would be a good investment.
"I've got to earn more money and find a cheaper way to FW."
aren't you living in fw right now? if yes, we should hang out sometime.
Reply
Reply
Reply
Reply
Leave a comment