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never had one
pros
cons
ta
pros
cons
ta
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never had a pro eh ?
try one ... i've had loads .... well worth it
try one ... i've had loads .... well worth it
i've got a no fee card.
i have a direct debit to pay off balance in full each month
i get foreign purchases without currency charges
seems a no brainer.
other credit cards have other advantages, some offer cashback
try a comparison site and see which one would suit your needs best
i have a direct debit to pay off balance in full each month
i get foreign purchases without currency charges
seems a no brainer.
other credit cards have other advantages, some offer cashback
try a comparison site and see which one would suit your needs best
I've never had a credit card either, nor would I want one. The only money I have ever owed is my mortgage.
No pros just all cons. Don`t do it. Worst debt anybody can have. You`ll run it up gambling and will be paying off interest the rest of your life. Only people with no money have them. If you have money in the bank stick with your debit card. You have been warned.
the biggest cons, imo
paying for card...monthly fees
paying interest...
....some folk go mad and overspend on them
paying for card...monthly fees
paying interest...
....some folk go mad and overspend on them
When you buy with a credit card you're basically buying the item fro the card provider rather than then company selling the goods so if anything goes wrong it's down to the credit card company to chase it it not you. As long as you pay them off in full they're well worth having even if it's only to defer paying for a month but the real value is the added protection you get when buying things.
Those Wonga types are even worse - 1234.9% said in a really fast voice at the end of the advert!
I reckon those sharks should be banned.
I reckon those sharks should be banned.
if you pay £100 or more for an item, even if depost is £100 and
you pay cash for rest of item, or on debit card.....
you get extra protection in law, so credit card issuer becomes libel
in event of seller going bust, or seller being out of reach.
you pay cash for rest of item, or on debit card.....
you get extra protection in law, so credit card issuer becomes libel
in event of seller going bust, or seller being out of reach.
Get yourself an American Express - nobody accepts them so you're guaranteed not to overspend! 
No pros just all cons. Don`t do it. Worst debt anybody can have. You`ll run it up gambling and will be paying off interest the rest of your life. Only people with no money have them. If you have money in the bank stick with your debit card. You have been warned.
I agree with most of that but before the sh1t hit the fan about 12-14 years ago a pal of mine who was living in a council flat managed to get ten....all for gambling. He gave his occupation as retired on each application.
Long story short he ended up taking his phone off the hook so to speak and only used it to phone out...
One company took him to court and the sheriff deemed the debt unenforceable.
No one else bothered and they finally gave up.
The laugh of it was, two of them phoned him and invited him to extend his credit ! This was before he stopped paying.
Try getting one now...
I agree with most of that but before the sh1t hit the fan about 12-14 years ago a pal of mine who was living in a council flat managed to get ten....all for gambling. He gave his occupation as retired on each application.
Long story short he ended up taking his phone off the hook so to speak and only used it to phone out...
One company took him to court and the sheriff deemed the debt unenforceable.
No one else bothered and they finally gave up.
The laugh of it was, two of them phoned him and invited him to extend his credit ! This was before he stopped paying.
Try getting one now...
** Credit cards are classed as unsecured unlike a mortgage.
ffs stewarty you promised me you wouldn`t tell anybody 
Giving a credit card to a gambler is like giving a box of matches to an arsonist.
phoned up american express for a application form
amer - we don't send out forms
me - i dont have a printer
amer - try a internet cafe - hung up
must of been thinking LOSER
amer - we don't send out forms
me - i dont have a printer
amer - try a internet cafe - hung up
must of been thinking LOSER
He couldn't read the form mac. Only backed FAV's. IIRC the total debt was about 23k. I would ask him but the poor soul is dead now. A nice bloke but only interested in gambling and heavy drinking.
It was me who found him dead in his flat as ironically he didn't turn up in our local to watch an old firm match and I called on him the next day.
He had quite a few bruises on his head and his body wasn't released for about 3 weeks. Not much fun being interviewed by detectives for four hours.
It was me who found him dead in his flat as ironically he didn't turn up in our local to watch an old firm match and I called on him the next day.
He had quite a few bruises on his head and his body wasn't released for about 3 weeks. Not much fun being interviewed by detectives for four hours.
Credit cards are useful if you know how to handle them. I don't generally use a debit card online and have asked my credit card company to restrict it to £500, solely for online purchases. If I want to make a bigger purchase I just transfer funds beforehand from my current account, which is immediate. I only own the one which is all I need. If I get stung online then the most they can do me for is £500; it may be protected in most cases but just in case something goes wrong. I also pay off all balances each month so pay no interest at all.
He was a bit older than me x money x. 56 at the time. If the credit card story sounds bad he got 34k out of his late mother's estate, plus he had two pensions, one from the council and one from M&S. PLUS he was getting benefits. Blew the 34k in six months.
I eventually persuaded him to see his doctor and he asked if I would come with him for some support. Off we go and I have to do all the talking.
Doctor asks him if he really wanted to stop drinking and he says no! We left with a prescription for 100 tablets of Thiamine.
The doctor said if he had been serious about stopping he would have prescribed Diazepam.
I eventually persuaded him to see his doctor and he asked if I would come with him for some support. Off we go and I have to do all the talking.
Doctor asks him if he really wanted to stop drinking and he says no! We left with a prescription for 100 tablets of Thiamine.
The doctor said if he had been serious about stopping he would have prescribed Diazepam.
Credit cards are great if you are responsbile, lot of nonsense above.
Firstly they give extra insurance so buying stuff online I always use a credit card, never a debit.
I've been ripped off before by a hotel, it was very easy to get back from the credit card company, hate to see that come out of my bank balance.
If you ARE caught short say on holiday and need a bit more, it's a free overdraft IF you have pay coming soon or can arrange affairs when you get back before interest is due. I don't keep much in my normal account it's normally in a savings account.
It gives you a credit history and if you pay it off regularly, you've soon years of good credit to your name.
It's been years since I payed a penny of interest and use them all the time. I have one with a small limit specifically for online purchases.
Firstly they give extra insurance so buying stuff online I always use a credit card, never a debit.
I've been ripped off before by a hotel, it was very easy to get back from the credit card company, hate to see that come out of my bank balance.
If you ARE caught short say on holiday and need a bit more, it's a free overdraft IF you have pay coming soon or can arrange affairs when you get back before interest is due. I don't keep much in my normal account it's normally in a savings account.
It gives you a credit history and if you pay it off regularly, you've soon years of good credit to your name.
It's been years since I payed a penny of interest and use them all the time. I have one with a small limit specifically for online purchases.
It's cheaper to buy Thiamine over the counter. Took them myself for a while when I was drinking heavily. Boy do they stink and you can smell it on you too. Good for bites when on holiday though; keeps mosquitoes at bay apparently. Surprised Dr gave a prescription, as he/she has nothing to gain from it.
It's cheaper to buy Thiamine over the counter
Free in Scotland Aspro and the little help it gives to alcoholics it protects the brain somewhat.
Free in Scotland Aspro and the little help it gives to alcoholics it protects the brain somewhat.
5. Thiamine (Vitamin B1)
Thiamine is arguably the most important of all of the alcohol withdrawal vitamins. Alcohol directly inhibits its absorption. Wernicke-Korsakoff Syndrome, also known as “wet brain,” is a form of permanent alcoholic dementia that is caused by chronic thiamine deficiency.
Large doses of thiamine have been shown to significantly reduce alcohol withdrawals.
Although the medical establishment ignores many important vitamins for alcohol withdrawal, most hospitals now give thiamine to alcoholics in withdrawal.
Thiamine is arguably the most important of all of the alcohol withdrawal vitamins. Alcohol directly inhibits its absorption. Wernicke-Korsakoff Syndrome, also known as “wet brain,” is a form of permanent alcoholic dementia that is caused by chronic thiamine deficiency.
Large doses of thiamine have been shown to significantly reduce alcohol withdrawals.
Although the medical establishment ignores many important vitamins for alcohol withdrawal, most hospitals now give thiamine to alcoholics in withdrawal.
Free? - How bad is that? The coost of prescriptions down here is mad, although I subscribe to the £104.00 per annum scheme. Saves a small fortune.
It's been that way for years up here Aspro. I thought you would have known that just like free education.
Didn't know that at all, which is why I'm chit at quizzes. I don't absorb much 
Free eye tests also Aspro. I could go on...
That said I detest the SNP.
That said I detest the SNP.
One of my gripes down here is that diabetics get free prescriptions yet heart/stroke patients do not. Can't get my head around that one.
Pay off balance in full each month then you avoid the biggest "con" - high interest
If you do that you get a month or so interest free.
There is an insurance built in with credit card purchases
Many offer "points" / "cash back " I.e. Can get air miles.
Remember don't get in debt - clear you balance.
If you fell you need a card then don't get one, if you don't need one then is probably worth getting one.
If you do that you get a month or so interest free.
There is an insurance built in with credit card purchases
Many offer "points" / "cash back " I.e. Can get air miles.
Remember don't get in debt - clear you balance.
If you fell you need a card then don't get one, if you don't need one then is probably worth getting one.
don't borrow money unless you have to or want a mortgage
with a credit card you're going to end up consuming more which means higher spending
why on earth are you going to buy something on credit which you can't afford
road to trouble imo
with a credit card you're going to end up consuming more which means higher spending
why on earth are you going to buy something on credit which you can't afford
road to trouble imo
if you can't afford to pay for something in cash, don't buy it.
Credit Cards are great for improving your credit rating, as mentioned, pay it off religiously in full every month and you'll get nice green tick on your credit report every time, this will probably result in your limit being increased by the lender, whether you need it or not. You usually get 56 days interest free if you pay it of in full every month, so it basically becomes a debit card. I have 5 credit cards and a silly amount amount of credit available to me, I didn't ask for it, I don't need it, but I didn't reject it, as it is comforting to know that should a cash flow emergency arise, you have funds available to you.
I think rules have changed now and they have to ask you before raising the limit. I read something about it and last time it happened they asked me first?
So yes I have different cards with different limits, big purchase one card, small online retailer that I've never dealt with before, another card.
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.
Is that recently though? Last time for me they contacted me and I had to agree to it on the web site.
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.
May 31, 2018 -- 11:08PM, Just Checking wrote:
Is that recently though? Last time for me they contacted me and I had to agree to it on the web site.
A few months ago, Barclycard, others the same process.
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
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
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,
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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