[Michael Merritt]

Stephen, on Apr 30 2005, 08:32 AM, said:

credit cards are a bane, I do not have one and never plan on getting one

I'm not sure about the UK, but in the U.S. you NEED to have credit history to get things like an apartment, so a credit card is kind of a necessity. I said the same thing, and then I was reminded of that little fact.

[Phil Mossop]

Heh, surely no credit history is the best!

[Rikki]

Not if you wanna get a mortgage or some loans

[Steve]

Rikki, on Apr 30 2005, 03:00 PM, said:

Not if you wanna get a mortgage or some loans

[Midnightmadness]

I remember my first Credit card I was 18 and the bank gave me a visa I got in over my head alittle and ever since then Ive learned to respect them

Piece of advice, dont spend any money that you dont have...and if you do spend keep it at a leval you can afford, and allways pay your bill on time

A credit card can be a handy tool if you know how to manage it properly

[Steve]

Midnightmadness, on Apr 30 2005, 03:02 PM, said:

I remember my first Credit card I was 18 and the bank gave me a visa I got in over my head alittle and ever since then Ive learned to respect them

Piece of advice, dont spend any money that you dont have...and if you do spend keep it at a leval you can afford, and allways pay your bill on time

A credit card can be a handy tool if you know how to manage it properly

Yup, something many people need to learn. The average person in Canada and the US are over $250,000 in debt... and have credit cards adding to their debt, some upwards of $20,000+. One day the balloon will pop, and someone will have to pay for all this debt.

[Midnightmadness]

Steve, on Apr 30 2005, 03:15 PM, said:

Yup, something many people need to learn. The average person in Canada and the US are over $250,000 in debt... and have credit cards adding to their debt, some upwards of $20,000+. One day the balloon will pop, and someone will have to pay for all this debt.

I allways double up on my payments...even if the Bank asks for $10.00 or $15.00 I'll pay $50.00 thats only interest and dosnt even touch the princpial amount oweing another good thing is to stay away from credit card hoping, thats going from one card to another Cuz the interest is cheaper that could get you into more trouble if your not careful...... so many folks get in with offeres of cheap interest and other gimmicks.

Better safe then sorry I allways say

[Island Roots]

I did a little research into credit cards a while ago. The average American has upwards of 10 credit cards. The average debt is somewhere around $25,000 (I think Steve mistakenly added one too many zeroes ). I plan on getting a credit card when I turn 18, but only to start getting good credit attributed to my name. I've learned to treat a credit card just like a check card; only buy things for which you have money for.

[Antony]

Are you counting Mortgages?

What really sucks is that people under 18 have no way to pay for things online.

[Island Roots]

Swords, on Apr 30 2005, 12:27 PM, said:

Are you counting Mortgages?

What really sucks is that people under 18 have no way to pay for things online.

I'm pretty sure it didn't count mortgages which would bring the amount up quite a bit.

[bananadude]

That Visa Buxx thing sounds like a great idea. (Sorry I just had to make that bold, testing )

[Steve]

bananadude, on Apr 30 2005, 05:28 PM, said:

That Visa Buxx thing sounds like a great idea. (Sorry I just had to make that bold, testing )

Welcome Bananadude!

[kenshin_warior]

Adults are just as likely as teens to go into debt. Teens (like me) want things like a computer, really awesome, unlimited pizza, gas, and clothes. And a car, but I don't think you can buy a car through a credit card, unless you have a great history and fantastic credit. Anyway, an adult has a lot more things to buy, to take care of their kids, like food and clothes(until they're old enough to get their own), family media, etc. My parents agree with me. Although it is true, even the slightest chance of letting a teen into debt isn't good. I owe my parents $600 as of now, but I pay them pack quickly and efficiently. Anyway my point is the most a teen should ever have is a debit card, and even that stretches it because it gives you unrestricted access to your life's savings pretty much.

[Fszone]

bananadude, on Apr 30 2005, 02:28 PM, said:

That Visa Buxx thing sounds like a great idea. (Sorry I just had to make that bold, testing )

Sure is, me and my parent are going to open an account at the US Bank next to where I work, and i'm going to get my manager to direct 40% of my paycheck to the US Bank checking account, and 60% to my savings account. This way I can control the transfering of money from the checking account to the card, i'll also have a debit card to use just incase I need cash.

Thanks for the link.

[DjZvEr]

fox666, on Apr 29 2005, 09:10 PM, said:

Hey,

I'm wondering if there are any credit cards out there avalible to minros (under 18) that doesn't require a parent's signature. I've looked into Western Union prepaid mastercard, but you have to call them, and its not during the service hours as of now.

It seems like with a pre-paid credit card you wouldn't need to be 18+ because if the money isn't in the account an error will just say "Insufficient Funds". I work as a cashier for 8.5 hours per day, so I know a little about cards.

But, in today's world its getting harder and harder to get things without a credit card, a lot of refuse my money because they only accept Credit cards, my hosting company charges a fee for checks/money orders, and I'm going to finish off my PC on newegg.com, the order is $1,100, but Most places will only write money orders for $500. Plus i'm not happy about $1,100 through the mail. I'd much rather have a credit card.

Hey man dont know where you live but try to get a checking account at a bank like chase or Washinton Mutual (New York) and they give you credit Cards with it. Also give you bank cards with visa or Master Card logo to use as credit card, its a great way to build credit history.