I get the point about managing credit being useful... but that doesn't HAVE to be a credit card. That was one thing my father told us... that no matter how much money he had, he always had a loan on the go to build up his credit rating. The first thing I got was a loan, then the overdraft, then the credit card... you don't need to have a credit card to build a credit rating.
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
That was one thing my father told us... that no matter how much money he had, he always had a loan on the go to build up his credit rating. The first thing I got was a loan, then the overdraft, then the credit card... you don't need to have a credit card to build a credit rating.
so to build up a credit rating in Ireland you have to get 3 debts??? i suppose that would only make sense in Ireland
when i went to buy my first house i had no CC, never had a loan in my life and an overdraft wasnt needed as we were saving to buy the house... this meant my credit rating was fantastic... i had no debts and i had a savings account with £8000 in it.
if i went now and said .. i owe a loan of £3000, i have cc debts of £822 and my overdraft is £2000 then my credit rating would totally plummet.. simple maths!
a loan is far more restrictive than a CC anyway.. you have to pay £150 a month say for 3 years... skint one month.. fuck you pay me... whereas a CC means you could pay £300 one month and then the minimum next month of say £23.
i actually dont understand why someone would take a loan out for no other reason that to build a credit rating... your dad was paying interest on a loan he didnt actually need?!?!? thats the worst piece of financial economics since Nick Lesson decided to buy some stocks and shares one morning.
oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
:rolleyes: dunk, I didn't say a credit card would do nothing for your credit rating... I said there were other ways. The loan (which I never had any problem with) or the overdraft (likewise) alone would have worked towards my credit rating without ever having to get a credit card.
And like you said, getting a credit card simply for your credit rating is also pretty bad economics.
My dad isn't the kind to get a credit card anyway, he's pretty old school when it comes to banks. He has probably the same attitude I have. Doesn't like them and would rather not deal with them. I don't see why I should be put down for believing that. Why do people think there's something wrong in wanting as little as possible to do with banks? Banks deal with one thing, money. Money is pretty much everything that's ever been wrong with the world.
I've always paid loans back weekly, they come straight out of my account as soon as I get paid... so I never considered it money that I have and have to give away.
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
:rolleyes: dunk, I didn't say a credit card would do nothing for your credit rating... I said there were other ways. The loan (which I never had any problem with) or the overdraft (likewise) alone would have worked towards my credit rating without ever having to get a credit card.
And like you said, getting a credit card simply for your credit rating is also pretty bad economics.
My dad isn't the kind to get a credit card anyway, he's pretty old school when it comes to banks. He has probably the same attitude I have. Doesn't like them and would rather not deal with them. I don't see why I should be put down for believing that. Why do people think there's something wrong in wanting as little as possible to do with banks? Banks deal with one thing, money. Money is pretty much everything that's ever been wrong with the world.
I've always paid loans back weekly, they come straight out of my account as soon as I get paid... so I never considered it money that I have and have to give away.
you've totally misread my post but nevermind
i said i find it incredulous that someone takes out a loan and pays interest on that loan, even if they have money sitting in a bank, just to achieve a credit rating..
and if the money for your loan comes straight off your pay every week then you are still paying interest on that loan... so if you borrow £1000 and the interest comes to £129 over the course of a year then how is that better than a 0% CC where i spend a £1000 on a new TV and when i pay the money back each month say for 12 months i will have paid £0 in interest.
i'm scottish remember... being prudent with money is our raison d'etre
oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
i said i find it incredulous that someone takes out a loan and pays interest on that loan, even if they have money sitting in a bank, just to achieve a credit rating..
and if the money for your loan comes straight off your pay every week then you are still paying interest on that loan... so if you borrow £1000 and the interest comes to £129 over the course of a year then how is that better than a 0% CC where i spend a £1000 on a new TV and when i pay the money back each month say for 12 months i will have paid £0 in interest.
i'm scottish remember... being prudent with money is our raison d'etre
Dunk, I'm from Cavan, which means nothing to you. Putting it bluntly, we're worse than you! Ok, I may not be but my dad DEFINITELY is. I'm sure there were no 0% credit cards when he had them loans.
Also, I'd rather take a loan out and pay the interest then run the possibility of having any purchases I make tracked. I hate the idea of credit cards... all of it. And not all credit cards are 0% either. Come to think of it, I'd imagine my father would be of the same attitude towards them anyway. Hmm... I get a lot from him
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Also, I'd rather take a loan out and pay the interest then run the possibility of having any purchases I make tracked.
and its because of this kind of X-Files shite that i'm outta this thread
fucking hilarious
if i buy a new stereo with my credit card then they can track me all they fucking want.... 3 men in MI5 are sitting in London Headquarters going "he's bought a new stereo!!! he's bought a Sony!! oh call Q, codename "bought stuff" and raise the security warning to Orange... this is bad "
i couldnt give a fucking toss if Woolworths know what i buy.. just as i dont give a fuck about borrowing any book from a library.. they can track me all they want..
oh and of course Cavan would be worse than Scotland at penny-pinching... world famous are us at being misers.. but universally famous is Cavan
*cue 98% of everyone on here looking at each other going "where the fuck is Cavan?"*
oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
and its because of this kind of X-Files shite that i'm outta this thread
fucking hilarious
if i buy a new stereo with my credit card then they can track me all they fucking want.... 3 men in MI5 are sitting in London Headquarters going "he's bought a new stereo!!! he's bought a Sony!! oh call Q, codename "bought stuff" and raise the security warning to Orange... this is bad "
i couldnt give a fucking toss if Woolworths know what i buy.. just as i dont give a fuck about borrowing any book from a library.. they can track me all they want..
oh and of course Cavan would be worse than Scotland at penny-pinching... world famous are us at being misers.. but universally famous is Cavan
*cue 98% of everyone on here looking at each other going "where the fuck is Cavan?"*
Oh dunk, ya just know it all don't ya? :rolleyes: Two of the biggest stereotypes in Ireland are stupid Kerry people and mean Cavan people. It was even mentioned in the butcher boy... but hey, you know best and I'm sorry if I offended you by suggesting we're meaner than you
X-Files shit? If I buy a stereo, it's not that I don't want anyone knowing... but what the fuck business is it of theirs. I'm not saying the stuff I believe actually happens, but the fact that it's POSSIBLE is enough for me... because I can just imagine how bad things will be down the line when they suggest that instead of all your credit and store cards and having to carry them all around... why not just get microchipped?
You can laugh now... but that's the future!
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
so last night my friend says she paid off her CC debt. awesome. so we start talking about it and my other friend goes "I'm so against credit card debt." In this way that was like, she's better than people who have it (plus who is "for" credit card debt???) And it PISSED me OFF because life throws stuff at you and things change and even if you don't WANT a credit card balance, sometimes you get one! It just really ticked me off because her parents not only paid for grad school but all her other expenses while she was there...grad school (and the moving involved with it) is the reason I have so much CC debt. sure, it's easy not to have credit card debt if you have no expenses while you're in school! Anyway I just cut her off and listed my $20k pay cut in 2004 (with 3 months unemployed before that), my 800-mile move in the midst of unemployment while going into grad school, the move back again, unemployed, having to put all my deposits on apartments, while unemployed, etc.
Sorry it just really made me mad and I had to vent.
Comments
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Me neither. I don't need them. I don't buy things online and I don't spend money I don't have.
I'm a barrel of laughs.
so to build up a credit rating in Ireland you have to get 3 debts??? i suppose that would only make sense in Ireland
when i went to buy my first house i had no CC, never had a loan in my life and an overdraft wasnt needed as we were saving to buy the house... this meant my credit rating was fantastic... i had no debts and i had a savings account with £8000 in it.
if i went now and said .. i owe a loan of £3000, i have cc debts of £822 and my overdraft is £2000 then my credit rating would totally plummet.. simple maths!
a loan is far more restrictive than a CC anyway.. you have to pay £150 a month say for 3 years... skint one month.. fuck you pay me... whereas a CC means you could pay £300 one month and then the minimum next month of say £23.
i actually dont understand why someone would take a loan out for no other reason that to build a credit rating... your dad was paying interest on a loan he didnt actually need?!?!? thats the worst piece of financial economics since Nick Lesson decided to buy some stocks and shares one morning.
And like you said, getting a credit card simply for your credit rating is also pretty bad economics.
My dad isn't the kind to get a credit card anyway, he's pretty old school when it comes to banks. He has probably the same attitude I have. Doesn't like them and would rather not deal with them. I don't see why I should be put down for believing that. Why do people think there's something wrong in wanting as little as possible to do with banks? Banks deal with one thing, money. Money is pretty much everything that's ever been wrong with the world.
I've always paid loans back weekly, they come straight out of my account as soon as I get paid... so I never considered it money that I have and have to give away.
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
...Let me just get the popcorn...
you've totally misread my post but nevermind
i said i find it incredulous that someone takes out a loan and pays interest on that loan, even if they have money sitting in a bank, just to achieve a credit rating..
and if the money for your loan comes straight off your pay every week then you are still paying interest on that loan... so if you borrow £1000 and the interest comes to £129 over the course of a year then how is that better than a 0% CC where i spend a £1000 on a new TV and when i pay the money back each month say for 12 months i will have paid £0 in interest.
i'm scottish remember... being prudent with money is our raison d'etre
thread integrity please
Also, I'd rather take a loan out and pay the interest then run the possibility of having any purchases I make tracked. I hate the idea of credit cards... all of it. And not all credit cards are 0% either. Come to think of it, I'd imagine my father would be of the same attitude towards them anyway. Hmm... I get a lot from him
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
He still has his hip pack on though
bah!
and its because of this kind of X-Files shite that i'm outta this thread
fucking hilarious
if i buy a new stereo with my credit card then they can track me all they fucking want.... 3 men in MI5 are sitting in London Headquarters going "he's bought a new stereo!!! he's bought a Sony!! oh call Q, codename "bought stuff" and raise the security warning to Orange... this is bad "
i couldnt give a fucking toss if Woolworths know what i buy.. just as i dont give a fuck about borrowing any book from a library.. they can track me all they want..
oh and of course Cavan would be worse than Scotland at penny-pinching... world famous are us at being misers.. but universally famous is Cavan
*cue 98% of everyone on here looking at each other going "where the fuck is Cavan?"*
X-Files shit? If I buy a stereo, it's not that I don't want anyone knowing... but what the fuck business is it of theirs. I'm not saying the stuff I believe actually happens, but the fact that it's POSSIBLE is enough for me... because I can just imagine how bad things will be down the line when they suggest that instead of all your credit and store cards and having to carry them all around... why not just get microchipped?
You can laugh now... but that's the future!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
naděje umírá poslední
Sorry it just really made me mad and I had to vent.