Jump to content

credit cards?


Guest tbutera2112

Recommended Posts

Guest tbutera2112
Of course she suggested an 11% unsecured micro loan, she is going to make money off that.

 

doesn't really help your revolving credit problem.... pay it off as soon as you can.

 

i plan to pay it off asap

 

what is revolving credit?

Link to comment
Share on other sites

  • Replies 54
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Guest tbutera2112
just means its a never ending credit line basically. you spend on it, you pay on it, etc. there is no card really associated with it.

 

bankers make commission off of loans and cc's. her commission is likely higher on loans than credit cards. mine was at 5/3rd.

 

oh ok i get it

 

and also, she tried to get me to sign up for the student card also! after we did the loan papers she said she reccomends the card also, just to keep for emergencies....i slapped her in the mouth and said pass

Link to comment
Share on other sites

Asking people at the bank what to do usually isn't the best idea, they get commission off of what they "sell" you.

 

Revolving credit is a credit line that you have access to whenever, such as a credit card, opposed to a loan where you get a set amount of money once.

Link to comment
Share on other sites

But revolving credit for someone who has never had a credit card isn't likely......just saying.

 

Credit cards with rewards aren't bad when used "RESPONSIBLY" The problem arises when you use them for stupid things.....or in your case to fix a car because you might not be able to pay it off.....don't get one to put you further in debt.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...