My dad is a financial advisor, and the way he explained it was, with a new credit card, you need to start off by making minimal purchases, and then paying them off.... If you use more than half of your limit, it will go against you in your credit file, because it looks like you are spending more than you make.
2007-03-02 12:46:27
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answer #1
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answered by Hannibal 2
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If you buy it on credit - pay the full amount when the bill comes through. Do not keep a running balance because the finance charges aren't worth it.
http://www.csus.edu/sfsc-ymm/05_establishing_credit/estab_credit_main.html
2007-03-02 20:45:59
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answer #2
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answered by marilynn 5
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nothing wrong with buying as long as you pay it off by the due date, keep your credit rating good.
2007-03-02 20:41:50
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answer #3
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answered by glasgow girl 6
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I'm not your mother for Pete sake..buy the darn thing!
2007-03-02 20:42:15
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answer #4
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answered by B"Quotes 6
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It's cool, and better to do, and pay it off then go to the next thing
you want.
that way your not over whelmed !
2007-03-02 20:44:09
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answer #5
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answered by angelheart 5
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I don't know, but if you dumped the chick in your pic for me, that would make me very HAPPY!
2007-03-02 20:40:36
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answer #6
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answered by ?~GotLove~? 5
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Ok, Ok. If you must , just be sure to pay it off.
2007-03-02 20:41:48
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answer #7
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answered by Skanky McSkankypants 6
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