DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Why Dont I get approved for Credit cards ?

**Aafimoq** · 12-24-2007, 04:41 PM

I'll be perfectly honest, at your age, $900 worth of credit is MORE than enough. Credit cards should mainly be used in case of emergencies and to build credit, and not to buy things you cannot afford with cash. By the time I was 20, I was crafty enough to have over $70,000 worth of credit in credit cards, but after falling on hard times when I was living away from my home, I amassed upwards of $40,000 in debt. I'm currently paying out the ass to pay this all back with help from a debt settlement company, and it's entirely due to being too young and having so much credit, as well as making an assload of stupid buying decisions. I understand the temptation of having a dispensable income in credit, but trust me when I say I could be driving around in a turbo-charged Range Rover for what I pay monthly to get out of debt. Thankfully, I'll be payed off in a year [yes]

12-24-2007, 04:41 PM	#11
Aafimoq Join Date Oct 2005 Posts 420 Senior Member	I'll be perfectly honest, at your age, $900 worth of credit is MORE than enough. Credit cards should mainly be used in case of emergencies and to build credit, and not to buy things you cannot afford with cash. By the time I was 20, I was crafty enough to have over $70,000 worth of credit in credit cards, but after falling on hard times when I was living away from my home, I amassed upwards of $40,000 in debt. I'm currently paying out the ass to pay this all back with help from a debt settlement company, and it's entirely due to being too young and having so much credit, as well as making an assload of stupid buying decisions. I understand the temptation of having a dispensable income in credit, but trust me when I say I could be driving around in a turbo-charged Range Rover for what I pay monthly to get out of debt. Thankfully, I'll be payed off in a year [yes]
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