Credit Cards

[Randy]

Do you think credit card companies should be more selective to whom they give credit cards to? Do you think thats one reason why the economy is so bad? People being issued cards to spend money that they will never pay back.. That sort of thing..

 

[Evil Eye]

Yeah.

Though it would probably be better to not have them at all.

No money=no stuff.

 

[Jazzy]

Credit card companies check your credit report before issuing a credit card. The problem isn't with the credit card companies it's with the people who abuse the card and cannot pay it back on time. The only way to build up your credit score (for bank loans) is to be responsible with your credit card. I only have two credit cards and I only charge the amount I know I can pay in full when the bills come in. I always pay cash but keep the credit cards to keep my score count up.

 

[Nebulous]

Credit card companies check your credit report before issuing a credit card

They will give anyone a credit card.. Just if they have bad credit then they have to pay like 20% interest.

 

[IcarusForde]

Don't have one... And aiming never to get one either.

But we'll see... Hopefully I don't.