Is there a company that will approve me for a credit card?

[Larry Baker]

Mike M. What is a paying gig???

[Jeff Scott Brown]

Before I say what I'm about to, first I respect everyone's opinion and I don't mean to insult or disrepect anybody with this. Just remember it's my 2 cents (maybe less these days). Having survived a heart attack and so far diabetes, I have the opposite look at this than some that have commented, I see nothing wrong with taking out reasonable debt (as long as it fits the budget without strain). The way I look at things now is that I'm not promised tomorrow or the lenght of time needed to save the cash. I bought on credit so I could enjoy now because I don't know what tomorrow brings or if I have a tomorrow. That's all up the man upstairs. Just don't go in for more than your family can afford if you pass on. Again, my 2 cents.

It sounds like you are saying that it isn't important that you live within your means. It sounds like you are saying that it is important that you live within the means of your survivors.

Is that what you are suggesting? I am not judging, just wondering if I am hearing your advice the way you intended.

[Dickie Whitley]

No Jeff, the reason for the budget mention was to relay that you can't be selfish in that regard. If it fits the budget without strain and the family is in agreement that's fine. I didn't mean to imply otherwise, sorry if I didn't get that across.

[Jeff Scott Brown]

No Jeff, the reason for the budget mention was to relay that you can't be selfish in that regard. If it fits the budget without strain and the family is in agreement that's fine. I didn't mean to imply otherwise, sorry if I didn't get that across.

I see. I misunderstood what you meant by "Just don't go in for more than your family can afford if you pass on."

All the best.


JSB

[Dana Blodgett]

My point of view is: if you always pay cash for all your purchases, you have NO credit history! In order to build a credit score you need to show a history of purchases,that is what a credit card is good for, Use it ,don't abuse it. Pay off your purchases every month in full on time and you will be ok!

[Lane Gray]

To borrow from Dave Ramsey,
if you pay cash for everything, you won't NEED a credit score

[Jerry Overstreet]

Everybody needs a credit score unless they are wealthy. You can't get a decent loan to buy a home or property without a good one.

Just get a small one, make regular payments and pay it off on time.

[Bobby D. Jones]

When you get into items that cost 1000 dollars or more credit cards are a bad way to go. Most credit cards companies get 3 to 4 percent off the top at time of sale. Some stores will give you a price break if you have money up front or have a Cashiers check for what you want to spend on a guitar. Then you would have to pay about 18 or 20 percent interest on the loan to the credit card company. Buying the Steel Guitar will not get you to playing without, Picks, Bar, Cables, Volume Pedal, Amplifier and some new strings. The addons will take quit a bit of money also. Good Luck and Happy Steelin

[Bo Legg]

Buy a PSG on the credit card once and pay for it twice.

[Ray Minich]

4%, 6%, even 8% APR is not unreasonable...the lower the better.

14%, 16%, 18%, 28% is unsustainable and just gonna milk you dry...

I wish to he!! that they taught the time value of money to high school students. One should not have to go to college to be exposed to this stuff.

The banking industry does not want you to know.....

Purchase a copy of the book "Interest Amortization Tables" and learn how to use it.