UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: Acropora Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 310153  
Subject: Credit card, using them to build credit Date: 12/9/1999 1:33 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
My situation is this... While in college I got in over my head with a couple of credit cards, and now my credit report is a bit tarnished as a result. Its been a couple of years since then and I have cleaned up my act. I am now getting solicited for cards which have sky-high APR's and ridiculous annual fees. Although I don't need a credit card, I was wondering if I should accept one of these offers and use it diligently in order to help build my credit back up. I do feel I am responsible enough now to avoid any potential problems, so the APR shouldn't even affect me. The annual fee ($50 or so) is a bit harsh, but it may be worth it in the long run if I can positively influence my credit rating.

Does anyone here know if diligent use of a credit card like that will be worth it? Your advice would be appreciated!

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Post of the Day:
Berkshire Hathaway

A Financial Prognostication
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.