| How do credit card help you to stay out of debt? |
|
|
|
|
|
lynda
New Member
Cash: $ 1.00
Posts: 4
Joined: 02 Nov 2010
Location: USA
|
| How do credit card help you to stay out of debt? |
 |
|
Hi to all,
need advice........? how credit card helps to get out of debt...?
|
Wed Nov 24, 2010 11:51 am |
|
|
C9Consulting
Full Member
Cash: $ 17.65
Posts: 88
Joined: 15 Jan 2010
|
That question seems a bit counter-intuitive don't you think? A credit card gets you into debt since it's using someone else's money.
Cloud 9 Financial
Company Blog
|
|
Wed Nov 24, 2010 5:24 pm |
|
|
Roksana
Full Member
Cash: $ 10.30
Posts: 59
Joined: 26 Oct 2010
|
We have all become very used to buying whatever we want when we want it but this has led us into difficult with debt and credit cards so the question now is, "How To Stay Out Of Debt".
Money is a simple idea. If I have money I can give some to you in exchange for the goods that I want and you can go spend that money on something else. Where it all begins to get complicated is when I want something from you now but I do not have enough money to pay you. This is why loans and debts came about.
south shore savings bank
|
|
Wed Dec 08, 2010 3:21 am |
|
|
josht
Contributing Member
Cash: $ 6.75
Posts: 33
Joined: 23 Dec 2010
Location: Boise, ID
|
I guess the only answer is, if you use credit cards, and pay off the balance, and that helps you build credit, and that then helps you get a better rate on a home mortgage or a car loan, then I guess a credit card can help you get LESS debt.
But that's the only way I could spin it. Other than that I don't know why you are posing this question.
Josh Thompson
Infinite Banking
You Be the Bank
|
|
Mon Dec 27, 2010 7:32 am |
|
|
financegenie
Full Member
Cash: $ 12.40
Posts: 70
Joined: 19 Aug 2010
Location: Mumbai
|
Credit cards cannot help you stay out of debt. On the contrary, in most cases, it is the improper use of credit cards that causes serious debt. Therefore careful credit card use only can prevent you from getting into in debt. Try to pay cash whenever you can, and avoid using the credit card.
Thanks
Saving Tips
personal bankruptcy
|
|
Wed Dec 29, 2010 6:29 am |
|
|
wystanfi
Member
Cash: $ 3.40
Posts: 17
Joined: 11 Dec 2010
Location: Location ip mismatch
|
More use of credit card get you into debt. So if you want to keep away from the debt than don't use your credit card in any purpose. Just put your credit card in a locker.
Bankruptcy Filing || Bankruptcy Attorney
|
|
Wed Jan 12, 2011 1:02 pm |
|
|
Spencer01
New Member
Cash: $ 0.80
Posts: 4
Joined: 17 Feb 2011
Location: San Diego
|
| How credit cards help you |
|
|
JoshT actually nailed it. Having credit cards and managing them properly will certainly help your credit score, which in turn makes things like auto and home loans cheaper.
The key is responsibility. Having credit cards doesnt mean having credit card debt. Use them once a month for very small purchases e.g. gas, lunch etc.
|
|
Mon Feb 21, 2011 9:09 pm |
|
|
MrPolarZero
Preferred Member
Cash: $ 31.00
Posts: 150
Joined: 31 Jan 2011
Location: Aliso Viejo, California
|
The thing is, you are still in debt wh4en having a credit card. But I think the best thing that can be gain from having a credit card is being able to control your spending.
Annuities
Best Life Insurance
|
|
Tue Feb 22, 2011 4:41 am |
|
|
photon2157
New Member
Cash: $ 1.45
Posts: 6
Joined: 23 Feb 2011
Location: Sydney
|
The only thing I can think of here is a debit card, which can also be used as a credit card. It helps you out of debt because since you are essentially spending your own money (ie. not the bank's money), you are more conscious on what you can actually afford. This is the biggest influence in avoiding debt while still being able to enjoy the benefits of transacting with a credit card.
|
|
Wed Mar 02, 2011 10:53 pm |
|
|
littleroc02us
Moderator
Cash: $ 204.95
Posts: 1013
Joined: 09 Feb 2009
|
| Re: How do credit card help you to stay out of debt? |
|
|
quote:
Originally posted by lynda
Hi to all,
need advice........? how credit card helps to get out of debt...?
They don't! Think about it this way, if you have debt and you use a credit card to go further in debt how is that a good idea? Work is the only solution. I remember when I was laid off I did home computer support and telephony service. When I was even younger I would drive my parents lawn mower down the street and mow lawns. Don't fall into the credit card trap.
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
|
|
Thu Mar 17, 2011 4:02 pm |
|
|
mike95910
New Member
Cash: $ 1.20
Posts: 6
Joined: 16 Feb 2011
Location: Orlando Florida
|
quote:
Originally posted by buziness2011
Thats why it is called credit card because you will use the card as credit, which means you are making a loan.
LOL thank you i was just about to say the same thing. Credit cards are a way of making debt, even if you pay it off every month, you are still accruing the debt for a short period of time...
Annuity | Orlando Insurance | Florida Drop
|
|
Fri Mar 18, 2011 2:50 pm |
|
|
stepbystep2
Contributing Member
Cash: $ 5.00
Posts: 25
Joined: 17 Mar 2011
Location: New York
|
Credit card companies are all deceitful liars. They are debt instrument and are not instrument for wealth, There is good debt and bad debt. Examples of good debt would be your house, your car, stuff of that nature. Examples of bad debt is credit cards period. You should keep a credit card around for emergencies. Do not finance your lifestyle with credit cards or you will be paying $50 for something that cost you $5. Hope that could help in some way.
Chris
For all members, I generally sell this product on my website. Because we are part of the same community I am going to give it to you guys FREE Copy of My Book On Making Money Online at http://wwww.stepbystep2.weebly.com
|
|
Tue Mar 22, 2011 1:21 am |
|
|
Jerry333
New Member
Cash: $ 1.40
Posts: 7
Joined: 23 Aug 2011
|
quote:
Originally posted by buziness2011
Thats why it is called credit card because you will use the card as credit, which means you are making a loan.
Nice post, easy but important point.
|
|
Tue Aug 23, 2011 3:04 pm |
|
|
|
