Comments on: Another thing I didn’t know about credit cards http://www.christianpf.com/shouldnt-buy-on-credit-cards/ Christian Personal Finance - Financial help, debt help and other financial resources Sat, 21 Nov 2009 08:03:07 -0600 hourly 1 By: Linda http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-12491 Linda Mon, 18 May 2009 18:56:54 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-12491 I think the go is the debit card - you still have access to everything but you are not getting further into debt. Not sure how all this affects credit rating but hopefully the banks can look at how you have saved and spent your money. Wisely. I think the go is the debit card – you still have access to everything but you are not getting further into debt. Not sure how all this affects credit rating but hopefully the banks can look at how you have saved and spent your money. Wisely.

]]> By: Community in Action - More Giveaways…Tis The Season | Finance Money Financial News http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-8923 Community in Action - More Giveaways…Tis The Season | Finance Money Financial News Thu, 25 Dec 2008 21:59:58 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-8923 [...] Credit Card Companies Care Where You Make Purchases @ Christian PF - This doesn’t surprise me in the least with the history of the credit industry.  It would be interesting to see all of the correlation data that they have found on which types of purchases signal a credit risk. [...] [...] Credit Card Companies Care Where You Make Purchases @ Christian PF – This doesn’t surprise me in the least with the history of the credit industry.  It would be interesting to see all of the correlation data that they have found on which types of purchases signal a credit risk. [...]

]]> By: Gholmes http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-8514 Gholmes Mon, 15 Dec 2008 13:51:12 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-8514 @Jon Kepler - No credit card for 18 months now and rely on a debit card. This article Bob writes about gets me wondering how much my debit history is being tracked and by whom. @Jon Kepler – No credit card for 18 months now and rely on a debit card. This article Bob writes about gets me wondering how much my debit history is being tracked and by whom.

]]> By: Jon Kepler http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-8483 Jon Kepler Sun, 14 Dec 2008 06:36:23 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-8483 Gholmes, I'm glad that staying away from credit cards has worked for you. Do you have a charge card? Some restaurants will actually refuse your reservation if you don't have a credit card or charge card. Gholmes, I’m glad that staying away from credit cards has worked for you. Do you have a charge card? Some restaurants will actually refuse your reservation if you don’t have a credit card or charge card.

]]> By: Community in Action - More Giveaways…Tis The Season | The Happy Rock http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-8481 Community in Action - More Giveaways…Tis The Season | The Happy Rock Sun, 14 Dec 2008 04:33:29 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-8481 [...] Credit Card Companies Care Where You Make Purchases @ Christian PF - This doesn’t surprise me in the least with the history of the credit industry.  It would be interesting to see all of the correlation data that they have found on which types of purchases signal a credit risk. [...] [...] Credit Card Companies Care Where You Make Purchases @ Christian PF – This doesn’t surprise me in the least with the history of the credit industry.  It would be interesting to see all of the correlation data that they have found on which types of purchases signal a credit risk. [...]

]]> By: The Happy Rock http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-8465 The Happy Rock Sat, 13 Dec 2008 04:43:25 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-8465 Doesn't surprise me in the least. The correlation data is probably very interesting and thought provoking, but this smells borderline lawsuitish. Thanks for the info. Doesn’t surprise me in the least. The correlation data is probably very interesting and thought provoking, but this smells borderline lawsuitish.

Thanks for the info.

]]> By: Gholmes http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-8461 Gholmes Fri, 12 Dec 2008 23:50:12 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-8461 @John Kepler Peter is dead on. Coming up to 2 years of using no credit cards. I rent cars for work, travel all with no trouble. I definitely wish I was worth $4 million. My goal is to have a FICO score of 0. When/if I go to invest in more real estate I will find a lender who looks at my balance sheet not just the FICO score. @John Kepler
Peter is dead on. Coming up to 2 years of using no credit cards. I rent cars for work, travel all with no trouble. I definitely wish I was worth $4 million. My goal is to have a FICO score of 0. When/if I go to invest in more real estate I will find a lender who looks at my balance sheet not just the FICO score.

]]> By: Jon Kepler http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-8460 Jon Kepler Fri, 12 Dec 2008 23:33:52 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-8460 Peter, I know you mean well, but I'm sorry to say that's not good advice. Credit cards should only be avoided if you can pay cash for everything, and I mean EVERYTHING. House included. Medical bills included. There are people out there who have $50,000-$80,000 ready to go towards a home, but they can't get a mortgage because they've avoided credit cards and have a shallow credit history. Don't be one of them. Also, the alternative to credit cards for your day to day spending isn't cash (cash irritates everyone), it's a charge card. If paying $250-$1000+ annually for a charge card works for you - great, but most people would rather take the free credit card with the credit line attached. If you're worth more than $4 million dollars or so, feel free to ignore my advice above and do whatever you want. :) Peter, I know you mean well, but I’m sorry to say that’s not good advice. Credit cards should only be avoided if you can pay cash for everything, and I mean EVERYTHING. House included. Medical bills included. There are people out there who have $50,000-$80,000 ready to go towards a home, but they can’t get a mortgage because they’ve avoided credit cards and have a shallow credit history. Don’t be one of them.

Also, the alternative to credit cards for your day to day spending isn’t cash (cash irritates everyone), it’s a charge card. If paying $250-$1000+ annually for a charge card works for you – great, but most people would rather take the free credit card with the credit line attached.

If you’re worth more than $4 million dollars or so, feel free to ignore my advice above and do whatever you want. :)

]]> By: bob http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-8435 bob Fri, 12 Dec 2008 03:49:05 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-8435 @Peter good point :) @Peter
good point :)

]]> By: Peter http://www.christianpf.com/shouldnt-buy-on-credit-cards/comment-page-1/#comment-8424 Peter Thu, 11 Dec 2008 20:28:34 +0000 http://www.christianpf.com/shouldnt-buy-on-credit-cards/#comment-8424 Just cut up the credit cards, and the whole issue is avoided! Just cut up the credit cards, and the whole issue is avoided!

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