Comments on: “You Need a Credit Card to Establish Credit” http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/?&owa_medium=feed&owa_sid= Save Money @ BeingFrugal.Net Wed, 01 Feb 2012 18:52:59 -0800 hourly 1 http://wordpress.org/?v=3.3.1 By: Divine and debt free http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21347 Divine and debt free Mon, 28 Dec 2009 15:09:22 +0000 http://beingfrugal.net/?p=2675#comment-21347 Just found your site and I love it!! I got into 40k worth of debt and I am now paying it all off. Credit cards aren't worth it!! Just found your site and I love it!!

I got into 40k worth of debt and I am now paying it all off. Credit cards aren’t worth it!!

]]> By: Lynnae http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21289 Lynnae Mon, 21 Dec 2009 01:38:31 +0000 http://beingfrugal.net/?p=2675#comment-21289 I don't know. We stopped using credit cards after our credit was already established, so it was never an issue for us, once we wised up. LOL I'm going to have to look into that. Sounds like a great post idea! I don’t know. We stopped using credit cards after our credit was already established, so it was never an issue for us, once we wised up. LOL

I’m going to have to look into that. Sounds like a great post idea!

]]> By: Lynnae http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21288 Lynnae Mon, 21 Dec 2009 01:37:16 +0000 http://beingfrugal.net/?p=2675#comment-21288 I'm a fan of Dave Ramsey's, too, and we don't use credit cards either. I can see that they're useful, if used correctly, but so many people don't do that. I’m a fan of Dave Ramsey’s, too, and we don’t use credit cards either. I can see that they’re useful, if used correctly, but so many people don’t do that.

]]> By: Stephanie http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21283 Stephanie Sun, 20 Dec 2009 00:08:39 +0000 http://beingfrugal.net/?p=2675#comment-21283 About 10 months ago we took a Dave Ramsey class at our Church and we use a cash envelope system for groceries, eating out and date night money. We take out a set amount every month and when the money is gone it's gone! We used to over spend quite a bit using a credit card. I am couponing at the grocery store now and saving about $300./month! I decided to start a blog to share with others..... About 10 months ago we took a Dave Ramsey class at our Church and we use a cash envelope system for groceries, eating out and date night money. We take out a set amount every month and when the money is gone it’s gone! We used to over spend quite a bit using a credit card. I am couponing at the grocery store now and saving about $300./month! I decided to start a blog to share with others…..

]]> By: Marta http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21275 Marta Sat, 19 Dec 2009 16:00:45 +0000 http://beingfrugal.net/?p=2675#comment-21275 I hate credit cards! We bought our first home in Europe in 1996, a 15 year mortgage, we managed to stay away from credit cards. But in 2005 we, a military family transferred back to the US, bought a house, a fixer-upper, and decided to do the home-improvement on credit cards (hugeeeee mistake!) In the actual market, the house with all the improvement is worth way less than the price we paid for it, and we owe thousands of dollars in credit cards. Believe it or not, I am a frugal person, I do not like shopping and I never bought nothing in credit, not even cars. I never had a credit card, and now I am floating on debt, we got carried away by GREED, wanting to roll away a house and make money on it, as everybody was doing. Never again Thanks God our house in Spain will be paid off next year, and thanks God I attended graduate school in Europe, which was practically free. I just hope I pay off my credit cards, we are suffering money problems, but I choose to see it as challenge, it will make us stronger. Credit Cards are EVil, I will never, ever...use one again. I hate credit cards!
We bought our first home in Europe in 1996, a 15 year mortgage, we managed to stay away from credit cards.
But in 2005 we, a military family transferred back to the US, bought a house, a fixer-upper, and decided to do the home-improvement on credit cards (hugeeeee mistake!)
In the actual market, the house with all the improvement is worth way less than the price we paid for it, and we owe thousands of dollars in credit cards.
Believe it or not, I am a frugal person, I do not like shopping and I never bought nothing in credit, not even cars. I never had a credit card, and now I am floating on debt, we got carried away by GREED, wanting to roll away a house and make money on it, as everybody was doing. Never again
Thanks God our house in Spain will be paid off next year, and thanks God I attended graduate school in Europe, which was practically free.
I just hope I pay off my credit cards, we are suffering money problems, but I choose to see it as challenge, it will make us stronger.
Credit Cards are EVil, I will never, ever…use one again.

]]> By: Christmas Shopping…Weekly Round up http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21274 Christmas Shopping…Weekly Round up Sat, 19 Dec 2009 15:59:10 +0000 http://beingfrugal.net/?p=2675#comment-21274 [...] question is, “What should always accompany that question?”  Lynnae tells us in “You need a credit card to establish credit.”  at Being [...]

[...] question is, “What should always accompany that question?”  Lynnae tells us in “You need a credit card to establish credit.”  at Being [...]

]]> By: Joe Plemon http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21272 Joe Plemon Sat, 19 Dec 2009 15:45:04 +0000 http://beingfrugal.net/?p=2675#comment-21272 Lynnae, Well said. IF you use a credit card, always pay it off every month. I am curious about what ways one can establish credit without owning a credit card. It seems that tabatha's idea is a good one. Are there other ways? Lynnae,
Well said. IF you use a credit card, always pay it off every month. I am curious about what ways one can establish credit without owning a credit card. It seems that tabatha’s idea is a good one. Are there other ways?

]]> By: Mr. ToughMoneyLove http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21268 Mr. ToughMoneyLove Sat, 19 Dec 2009 04:43:21 +0000 http://beingfrugal.net/?p=2675#comment-21268 "You need a credit card to establish credit" is the battle cry of Visa and MC and of the many PF bloggers who make money promoting credit cards. Not true. “You need a credit card to establish credit” is the battle cry of Visa and MC and of the many PF bloggers who make money promoting credit cards. Not true.

]]> By: Mary C. http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21264 Mary C. Fri, 18 Dec 2009 20:50:02 +0000 http://beingfrugal.net/?p=2675#comment-21264 I am against credit. I only had a car loan before I got married, but my husband had a few cards, lots of cc debt and then I started using them. We're still paying on that mess. We've been married over 6 years. We are down to our last two credit cards, and those will hopefully be paid off by summer next year (10). Once we're done with them, we're closing the accounts. When we're ready to buy a different house, we'll go to our local credit union/bank and get a manually, personally underwritten loan, instead of them just looking at our great FICO score. We listen to Dave Ramsey, and are trying to follow his plan, although there are still lots of kinks along the way, due to our idiocy, not the plan ;) www.daveramsey.com I am against credit. I only had a car loan before I got married, but my husband had a few cards, lots of cc debt and then I started using them. We’re still paying on that mess. We’ve been married over 6 years. We are down to our last two credit cards, and those will hopefully be paid off by summer next year (10).
Once we’re done with them, we’re closing the accounts. When we’re ready to buy a different house, we’ll go to our local credit union/bank and get a manually, personally underwritten loan, instead of them just looking at our great FICO score.
We listen to Dave Ramsey, and are trying to follow his plan, although there are still lots of kinks along the way, due to our idiocy, not the plan ;) http://www.daveramsey.com

]]> By: tabatha http://beingfrugal.net/2009/12/18/you-need-a-credit-card-to-establish-credit/#comment-21263 tabatha Fri, 18 Dec 2009 17:16:32 +0000 http://beingfrugal.net/?p=2675#comment-21263 another way to build credit is to take out a loan on your own savings through a bank, then you just have to pay yourself back over time. another way to build credit is to take out a loan on your own savings through a bank, then you just have to pay yourself back over time.

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