THE CREDIT CARD CRUNCH

[Guest LOGers]

TBH from a business point of view credit cards are good.Titan do you have a contract phone?Seriously, you say that you are good with money. If you get a credit card and use it all this last year of uni just for eg food shopping, or other small misc purchases and pay it off at the end of the month (remember that these are purchases you would have made regardless of whether you had the card or not) you are doing yourself such a favour for the future.Eg. I use one card for food shopping. Whenever I do a grocery shop, I use that card.I spend roughly £70 a month on food.I have a standing order to pay it off every month. I'm still doing what I'd normally do.My other credit card is my shopping card. Say I see some boots that I want to buy for a bill. I have that 1 bill in my bank account but I will make a conscious decision to put it on my card.Next week I'll go into the bank and pay that 1 bill off. If you can trust yourself to use it properly, you're helping yourself in the long run.

[Em Dott]

I don't have a contract phone. I'm an old fashion guy. I like paying off one time and not worrying about it biting me later. Also, I don't like paying more than what somehting is valued at, and that becomes a possiblity if drastic situations of a greater importance pop up and require the money you needed for that credit card bill (and these drastic situations have popped up very recently at the worst of times for me). Like I said, I don't need an extra headache because rent and bills is problematic enough. I don't need debt on top of it.

[Guest LOGers]

Remember that CC's are essentially a small loan. If you demonstrate to creditors that you can handle small loans, they are more likely to give you a bigger one.You have to use credit to be able to get it. Even if you are really good with money, if you don't have any form of credit history, how are you going to be able to get a mortgage?Do you see what I'm getting at?

[Em Dott]

Remember that CC's are essentially a small loan. If you demonstrate to creditors that you can handle small loans, they are more likely to give you a bigger one.You have to use credit to be able to get it. Even if you are really good with money, if you don't have any form of credit history, how are you going to be able to get a mortgage?Do you see what I'm getting at?

Refer to the previous post, I am aware that being able to handle a credit card looks very good. But like I said, situations seem to pop up too randomly for me to risk getting one.Also, as for a mortgage, isn't it based on what the mortgage lender believes you can handle? I mean, they look at your income and statements to see how likely it is you will be able to maintain the payments on the house?

[Guest Flava Dave]

yea buyin minor sh*t on credit card is jus dumbweekly shop gets a blybut u gt heads withdrawin for friday nights n sh*tthe cash advance on these f*ckers is pretty f*ckedbut boy, thats them

[Guest LOGers]

I just read your post. I get what you're saying.TBH I have no issue with buying anything on credit except brand new cars, as long as people can afford it.You know your financial status so you know why its not good for you.I was just explaining the benefits because some people grow up being taught that credit cards are evil, when that's not neccessarily true.

[Guest LOGers]

Remember that CC's are essentially a small loan. If you demonstrate to creditors that you can handle small loans, they are more likely to give you a bigger one.You have to use credit to be able to get it. Even if you are really good with money, if you don't have any form of credit history, how are you going to be able to get a mortgage?Do you see what I'm getting at?

Refer to the previous post, I am aware that being able to handle a credit card looks very good. But like I said, situations seem to pop up too randomly for me to risk getting one.Also, as for a mortgage, isn't it based on what the mortgage lender believes you can handle? I mean, they look at your income and statements to see how likely it is you will be able to maintain the payments on the house?

Yeah but for example if I was on 100k a year, but my credit history was poor or I had 0 credit rating, the likelyhood of getting a mortgage with a decent rate, from a reputable mortgage lender is very low.

yea buyin minor sh*t on credit card is jus dumbweekly shop gets a blybut u gt heads withdrawin for friday nights n sh*tthe cash advance on these f*ckers is pretty f*ckedbut boy, thats them

These people are the type that shouldn't be allowed to have CC's. They are the one's that you see in the papers saying 'I owe £49,000 on credit cards'Well of course you do you dumbf*ck!

[Guest Flava Dave]

u need a gd credit rating 2 get a mortgagen for that u need gd credit history, obv the first thing theyre gonna check is hw u handle ur credit accounts, n theyll need 2 look back over a few years for missed payments etc etcif u aint gt none of that ur pretty f*cked tbh, thats y its gd 2 hav a credit card, take care of it then in bout 5 years get a mortgagecoz then they can see that ur able 2 keep up monthly payments n sh*t, if they dnt see u can do that theyve gt no reason 2 giv u the mortgage

[Guest LOGers]

This is what I've been trying to say, just wasn't as articulate as David, lol.

[Angelo]

TBH from a business point of view credit cards are good.Titan do you have a contract phone?Seriously, you say that you are good with money. If you get a credit card and use it all this last year of uni just for eg food shopping, or other small misc purchases and pay it off at the end of the month (remember that these are purchases you would have made regardless of whether you had the card or not) you are doing yourself such a favour for the future.Eg. I use one card for food shopping. Whenever I do a grocery shop, I use that card.I spend roughly £70 a month on food.I have a standing order to pay it off every month. I'm still doing what I'd normally do.My other credit card is my shopping card. Say I see some boots that I want to buy for a bill. I have that 1 bill in my bank account but I will make a conscious decision to put it on my card.Next week I'll go into the bank and pay that 1 bill off. If you can trust yourself to use it properly, you're helping yourself in the long run.

SHATAPHow do you spend only 70 a month on food.I refuse to believe this.You must shop at Borough Market

[Grafter]

topic title, nearly had me in tearsTWICEan log MUST mean £70 a week, which is alot tbh

[Guest Flava Dave]

loli wudnt b suprised, she dnt eat muchi cud 100 a week doe

[Grafter]

i can survive on 10 pound food shoppin a week, ive done it beforeavg i would say, to live decent, £30 a week

[Guest LOGers]

Marlon, David is right. I don't eat lol.£80 is the most I will spend.£70 a week? WTF for?!

[Grafter]

a month?what do u buy?srsly

[Guest Flava Dave]

ill show u hw 2 eat LOGsour weekly shop is rediculous, used 2 LOVE goin shoppin with my mumoh my giddy days that was sick

[Angelo]

Marlon, David is right. I don't eat lol.£80 is the most I will spend.£70 a week? WTF for?!

You poor child.Come round and I'll show you my fridge, teach you how to buy food, and eat nice.I spend at least £30 a week.Almost all of it is Market Stuff...You can live off much less, but you'd be buying asda dinners...Where do you shop?

[Grafter]

nuffin wrong with asda dinnerslove their precook shet, its the shet

[Angelo]

Everything is wrong with Asda/Netto/Lidl/Iceland dinners.

[Guest Flava Dave]

anyoen know any sites for recipes n sh*t?i wanna start cookin 4 myself n sh*t

[Backspace]

LOG is right you don't need more than that I spent around £70 - £80 a month but I cook EVERY day and make big dinners to freeze for later on in the week.

[djbmc]

£30 a week from ASDA is me, unless i buy alchohol or a new toothbrush or sum sh*t.

[kurious]

70 a month swear we spend that much on toilet roll (exaggerating)mum said the way i eat is guna put her in the Redu no its credit crunch wen u see cereal called CHOCO DOTSwell i found it hilarious

[Grafter]

anyoen know any sites for recipes n sh*t?i wanna start cookin 4 myself n sh*t

video jugwww.jamaicans.commarlondont try put asda in with dem ultra budget places

[Angelo]

anyoen know any sites for recipes n sh*t?i wanna start cookin 4 myself n sh*t

For basics you can go here