Deal of the Month: PS3 60gb for ... 349USD o_0

[Game_boy]

wangfoo said:

Sqrl said:

Really folks, credit cards are bad. You should only use them for emergencies!

Credit cards are how most people find themselves deep in debt. Paying your own way through life is how you get ahead.

Not using credit cards is ok (I guess) however, they are a great tool if used properly. Pay off your balance in full every month. Keep your oldest account open forever. This is the beginning of your credit history, and closing the card will end that history. Only keep 2-4 cards at once.

People can do lots of bad things with tools, but that doesn't mean the tool is bad. You just have to give it the right respect and understand how to use it.

I'm sorry, but that applies to the USA. In the UK, credit history is not really important and you don't have to "build it up" with small loans, etc. Do you have a job? You can get credit.