Quick credit card question
21-Nov-2005, 12:03 PM
#21
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Originally posted by hdave
^ yep
late payments dont really hurt your credit all that much
only if your taking toooo long to pay em off, or if your donig too often.
but even someone who regularly pays the payments off late shouldnt have "bad credit" it just wont be as great as others, and in the end it wont matter much
^ yep
late payments dont really hurt your credit all that much
only if your taking toooo long to pay em off, or if your donig too often.
but even someone who regularly pays the payments off late shouldnt have "bad credit" it just wont be as great as others, and in the end it wont matter much
Just my opinion, but to pay late is probably not a good idea period. If you miss because you forgot, shyte happens, but do do it on a reg basis is not a good thing.
21-Nov-2005, 12:18 PM
#22
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Join Date: Oct 2004
Location: (Toronto)
Posts: 3,744
Originally posted by Double_B
But wouldn't you agree that once you start doing that, that it will become a habit? Because you can get away with it and continue to do so?
Just my opinion, but to pay late is probably not a good idea period. If you miss because you forgot, shyte happens, but do do it on a reg basis is not a good thing.
But wouldn't you agree that once you start doing that, that it will become a habit? Because you can get away with it and continue to do so?
Just my opinion, but to pay late is probably not a good idea period. If you miss because you forgot, shyte happens, but do do it on a reg basis is not a good thing.
ive only paid late once and im going to try my hardest not to let it happen again
21-Nov-2005, 12:41 PM
#24
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Join Date: Oct 2004
Location: (Toronto)
Posts: 3,744
yea u better.
its also not really a smart idea to pay late anyways, cuz you end up paying interest which is 100% wasted money. it may not seem liek a lot because people always think "oh its only 5 bucks" or "oh its not like this happens all the time"
but it all adds up and all that money adds up.
ur better off taking a loan from the bank to payy off your credit card because the interest wont be as much lol.
its also not really a smart idea to pay late anyways, cuz you end up paying interest which is 100% wasted money. it may not seem liek a lot because people always think "oh its only 5 bucks" or "oh its not like this happens all the time"
but it all adds up and all that money adds up.
ur better off taking a loan from the bank to payy off your credit card because the interest wont be as much lol.
21-Nov-2005, 06:15 PM
#26
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Join Date: Aug 2004
Posts: 6,753
Originally posted by Double_B
Obviously you have never seen or heard of a credit report. That is the worse advice you could give.
Obviously you have never seen or heard of a credit report. That is the worse advice you could give.
21-Nov-2005, 07:18 PM
#28
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Join Date: Jul 2005
Location: Hamilton
Posts: 589
Originally posted by Double_B
But wouldn't you agree that once you start doing that, that it will become a habit? Because you can get away with it and continue to do so?
Just my opinion, but to pay late is probably not a good idea period. If you miss because you forgot, shyte happens, but do do it on a reg basis is not a good thing.
But wouldn't you agree that once you start doing that, that it will become a habit? Because you can get away with it and continue to do so?
Just my opinion, but to pay late is probably not a good idea period. If you miss because you forgot, shyte happens, but do do it on a reg basis is not a good thing.
I worked at a job in college where my boss was a dead beat and he owed a lot of people a lot of money (he's dead now). He bounced cheques off me left and right. So he ended up paying my cash weekly, but not the full amt. ("come back tomorrow for the rest").
Any one working, driving, and going to school knows what budgeting is like. I wasn't able to make my ins. payments or pay for gas etc. So I started cash advancing my Visa and got into a little trouble, cuz now I couldn't pay my Visa payment.
Long story short, I spoke with Visa and they worked something out for me, and my credit rating is good to this day. The end
21-Nov-2005, 07:20 PM
#29
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Join Date: Jul 2005
Location: Hamilton
Posts: 589
Originally posted by imported2nv
cell phones home phones and credit cards even 1 day late is still a late payment and it will go on your credit as a late or missed payment and if you ever get you car chopped good luck on getting another one.
cell phones home phones and credit cards even 1 day late is still a late payment and it will go on your credit as a late or missed payment and if you ever get you car chopped good luck on getting another one.
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