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by john pennington on August 17th, 2009
Any credit card today is a bad choice.
The credit card debt is one reason the economy is in the shape it is in.
Bankruptcy courts are loaded with credit card debt.
Credit card companies are now using slick tactics to make you have a bad credit rating.
Its all about the money and they want theirs.....now.
Avoid the cards if at all possible.
How old do you have to be to get a credit card in the U.K.?
by Answerbag Staff on March 22nd, 2010
| 1 person likes this
Which credit card is easy to get with bad credit?
by Answerbag Staff on February 26th, 2010
| 1 person likes this
Are gold credit cards better than regular credit cards?
by Answerbag Staff on January 25th, 2010
| 1 person likes this
Should it be legal for a credit card company to hold a person's child hostage until an account is paid in full, provided that:
by Have A Nice Day on May 27th, 2011
| 1 person likes this
How many of you have a single credit card with a limit over $40,000?
by Tveg on July 10th, 2009
| 5 people like this
You're reading Does anyone have one of those Capital One credit cards? For someone who is trying to establish credit, are they a good choice? I've heard good and bad things. Also hear that 'anyone' can get one, but beware of the pitfalls. Any thoughts?
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Comments
I can certainly understand the disdain with credit cards. However, NOT having one is almost as bad (and in some instances) even worse than being in debt. These days, people need credit. If they don't have it, how do you prove to someone you're capable of paying back other loans? (car payment, mortgage, renting a hotel room even, sometimes getting a cell phone contract, etc etc). I don't 'need' a credit card. I have one now (a real certified visa bank one, not capital one) and I'm doing great with it. The reason I got it in the first (and only place) was to build a credit rating. I haven't missed payments and always pay all of it on time. And I never make purchases with it that I don't 'need'. Yes I agree with you about them being the reason the economy is so bad...its simple irresponsibility on a person's part. But bottom line, you need one. If not, there's so much you can't do in the future...a co-signer is the only other option.
by altgirl84 on August 19th, 2009