Credit Cards

[scottish]

Yeah, anything that you pay off like direct debit or monthly goes towards it. Im sure more goes towards it which isn't listed yet.
I pay for insurances yearly, I signed up to Experian last year to check mine & I got a month free trial, you have to ring up and cancel before it runs out or they'll automatically charge you

yeah I used to then changed it to monthly, yeah that's why i never bother with the free credit checks.

More effort to cancel it than it's worth

[Re-Call]

yeah I used to then changed it to monthly, yeah that's why i never bother with the free credit checks.

More effort to cancel it than it's worth

It was a hassle to cancel it... Tried to sell me more and trying to offer me more advice on how to maximise my credit score etc... No thanks I just wanted to know my score and thats all I wanted to use it for

[Zak]

Everyone who says you're not ever gonna get one, you do realise that if you ever want a mortgage/other kind of loan for something then it's extremely hard to without having a credit history? There seems to be huge stigma among young people as they tend to see credit cards as an easy way to get into debt/only there to like, help you put off the debt until the end of the month ETC

I would really suggest anyone with a steady-ish income stream gets a low-interest card (check out moneysavingexpert for good deals and things, I have a wonderful CapitalOne card as a lot of places won't give one to young people/with no credit history) with no monthly fee (lots of places are sneaky with this) and buy small things you KNOW you can afford! I buy my food shopping with it, some people pay off phone contracts, just use it for socialising etc

I also find it a really good way of keeping track of my food expenditure as all of it goes on that card and I get a statement every month so I can budget better!

It baffles me how people are already getting into money troubles for having one. Don't spend what you can't pay off! lol

[welshcake]

I don't have a credit card but for the credit rating reasons, I have always thought about getting one. I know Alysha has always said that too.

Not that I have a bad credit rating though and I know that because I sadly have that Experian and sadly have paid for it on accident! BECAUSE YOU HAVE TO RING TO CANCEL IT and I did have a free year before this after Morrisons 'accidentally' leaked some of my personal details along with thousands of other people's. )))

[lawrawrrr]

It baffles me how people are already getting into money troubles for having one. Don't spend what you can't pay off! lol

I know! I guess it's the thrill of being able to spend and not have to pay it off right away, but if you don't know when your next pay check is/how much it is then I just can't see why someone would buy things!

It's just a difference in attitudes really, I've been brought up by a dad who works in banking (well more stock brokerage I think not 100% what he actually did before) and a mum who worked in a bank as well, so I've been taught to handle money really really carefully and sensibly! Which I'm massive grateful for of course :p


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[GoldenMerc]

I'd like one just to buy petrol on, but don't want to make that risk

[Zak]

I know! I guess it's the thrill of being able to spend and not have to pay it off right away, but if you don't know when your next pay check is/how much it is then I just can't see why someone would buy things!

It's just a difference in attitudes really, I've been brought up by a dad who works in banking (well more stock brokerage I think not 100% what he actually did before) and a mum who worked in a bank as well, so I've been taught to handle money really really carefully and sensibly! Which I'm massive grateful for of course :p


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Are you going to follow them into banking? Think I'd like that - good money too.

I suppose I only starting using my CC when I started working full-time so it was never an issue. It is depressing getting your paycheck though and then paying your card off and seeing loads of cash just disappear lol

[lawrawrrr]

Are you going to follow them into banking? Think I'd like that - good money too.

I suppose I only starting using my CC when I started working full-time so it was never an issue. It is depressing getting your paycheck though and then paying your card off and seeing loads of cash just disappear lol

God no, I don't have a mathematical bone in my body! Can't imagine anything worse. I'm staying in marketing/graphic design :p I just like, have their advice which is nice and I know other people have benefitted from me passing it on as well.

I'm the same, I got mine and didn't use it for ages cos I was kinda scared but I still don't put that much on it, it's about £200 a month ish which is easy to pay off when I've got a guaranteed salary of, well, more than that, every month and not a huge amount of other expenses (apart from rent which comes off my debit card)


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[x-s-x]

I don't have a credit card and I never want one. That is something I have promised myself Although I am planning on getting a loan out for around £6000 then paying it off monthly over 2 years. Just need a steady job first! x

[e5]

I don't have a credit card and I never want one. That is something I have promised myself Although I am planning on getting a loan out for around £6000 then paying it off monthly over 2 years. Just need a steady job first! x

Having a credit card and paying it off in time first would build up a credit history and give you more of a chance of getting a £6000 pound loan! Obviously there's other ways but imo a CC is the easiest way aslong as you pay back. Even spending £50 a month on it and paying it off be next would be fine as you'd probably spend that from your normal wage anyway!