why get a credit card and ruin your credit If you can?

Question

get a debit card and nothing happens to your credit? you put in money and spend what you want.

Answer 1

You have a point, but it is actually possible to get a credit card and use it responsibly, without defaulting on repayments.

Having said that, I look forward to the day (hopefully by the end of this year) that I get rid of my outstanding credit card debts..!

Answer 2

you are right getting a prepaid debit card is almost like getting a checking account and it works anywhere master or visa is accepted .but these wont help your credit score
the only way to do that is to establish some credit experience
besides paying on time for a phone and all your med Bill's paid up and getting an auto loan these will boost yer credit
but getting a high interest credit card will help too. IF YOU USE IT RIGHT!
pay off the balance every month before the due date
KNOW THE BALANCE
keep the card for a year or more. Most first time credit card peeps get hit with annually fees and start up fees and they have to be paid before the first due date
and most first timers cant do that
so they give you a min balance
OK pay the minimum
pay and pay and pay
this will boost your credit BUT dint get discouraged when ya find out you been slapped with all these charges because they gonna bump and grind every dime outta ya they can.and if ya stop paying em then they gonna settle with ya and leave a bad mark on you. so be prepared to use a little Vaseline when getting one of these YOU CAN GET A CARD TODAY! promotions

Answer 3

Spiff couldn't have said it any better. People are quick to blame the credit card for their debt problems. Kind of makes me remember an episode of the Proud Family cartoon that I was watching with my daughter where a talking credit card had gotten Penny Proud in trouble when she listened to it and she started charging like crazy. Ironically, a lot more people listen to that voice than just poor Penny. It's called letting your eyes get bigger than your stomach and living outside your means. "The Man" has this system called credit, and the only way to beat the system is to have CASH. You can either buy car with cash, or you have to finance. Same with a house. Unless you have thousands of dollars to plunk down on either one, then you'll have to "play the game" It starts out with a credit card, then you work your way up. Credit cards should be used as a tool in dire emergencies, with transportation and medical being the main ones. People use credit cards for the illest of things like buying food. I'll give you an example: who in their right mind would pay interest on a Big Mac or Whopper that they bought 2 days ago? Or who would pay interest to watch something on an extravagant TV that they used to watch for free on the set they used to have? I'm not saying that you can't splurge and indulge every once in a while, but you damn well better know when to do it. If I were going to buy a TV like that I'd save up until I knew that I had the money to buy it outright, buy it with the credit card, and pay it off a few days later. "The Man" has everyone fooled that you use CAN use credit for ANYTHING, but in all reality it's misused for nothing. A debit card should be used for "everyday expenses", simple as that. Both have their roles, but the most important thing is that people "know their role" when it comes to using them.

Answer 4

You only ruin your credit if you don't pay your bills and run your balances too high. A debit card won't allow you to get that credit you need for buying a house, car, anything you need a loan on. Be sensible in your spending, pay your balances off and you should have no problem.

Answer 5

a credit card can improve your money management skills when used properly. using a credit card in the manner that you would use a debit card would improve your credit management. paying your bill on time is very important to prevent damage to your credit. from time to time though, you might be travelling and get a flat or something worse. if you have no money in your bank account, a debit card is useless in this situation. in this situation a credit card can form a safety net until you get home and get back to work to pay the bills back.

Answer 6

Yes by getting a credit card may ruin your credit. BUT if you are responsible person and pay the monthly payment. The credit card help you build good credit. Loan company will look on the credit card and see that you r responsible to pay and they will easily approve the loan for any amount of money.

HOUSE LOAN! CAR LOAN! BUSINESS LOAN!
Name them, they will approve it !!!!!!!!!!!!

The thing about credit card that you just need to pay a larger amount on what they ask!!!! they ask you to pay $ 25 monthly u need to pay $ 50. If no, they will ruin the credit.

Answer 7

Saying a credit card ruins someones credit is like saying a gun killed someone. Neither one is bad, it's the person that is handling them that's dangerous if they are irresponsible.