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In my experience, they don't ask if you want one, they tell you they intend to raise it at a certain date unless you contact them to say you don't want it.
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Is that recently though? Last time for me they contacted me and I had to agree to it on the web site.
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Whoopee! Get a credit card to build your credit rating so you can land yourself in further debt. Save up if you don't have money to buy what you want or do without. Only debt worth having is a mortgage as masta states. Debt destroys people's lifes. Living on the never never is no good. I don't have any debt and never will.
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back in the day you couldnt go out without stumbling over somebody offering free gifts
for taking out a credit card. use it once get the gift got watches, flights, m& s vouchers, concert tickets , and much more rather like the days of free money bookies offers to open accounts |
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Good thread this.... and here is my input.
Perversely there is no such thing as a credit rating. Yes really!! There are four organisations who offer credit assessment services to lenders (Banks and Building Societies). Most lenders provide financial info on you and me to these organisations. These organisations evaluate and report this information in various ways. All of them process this information to produce "scores" or ratings that they provide to the various lenders. They are all pretty different. Now here's the tricky bit, virtually all lenders use data from more than one of these credit reporting agencies, AND then they combine this data with "stuff" they either know about an existing customer OR with other statistical stuff they use from the application form or is freely available about the applicant. Now to the second bit......How to improve your credit rating (even though it does not really exist). This is simple.... well, its not, but here is a simple guide. If your aim is to get a mortgage, pay off everything on time and never be late. Do not allow your regular monthly payments to be a huge slice of the income you state on your mortgage application form. Don't have any other major expenditure, and nothing that you revolve. If your aim is to get credit cards, never pay late but also never pay everything off on time. Credit card companies hate those who pay in full every month for obvious reasons. They need revolvers to make money. Good luck all, |
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thx
do the credit card company give you a running total before payment do each month? |