I’m a big fan of the credit book. I know for sure that I can afford to repair it, repair it I do. I just don’t think about it like that, it’s just a debt, a tab, a debt that I have to pay.
Some people think they have to pay them off before they can start to think about getting credit cards. It’s a good point, and it’s one of those little things that can help or hurt us. Whether or not you pay it off is entirely up to you, but you have to pay it off. You can’t build your credit on credit. You don’t get credit from the bank.
Well, you can certainly build your credit on anything that is free, but the credit card companies are not really free. For one thing, they require you to sign up for a card in order to get a card. You can get their card for as little as $25, or you go up in the $50 per month range. To get the card, you have to pay a $35 processing fee (which is essentially the same thing you have to pay for the credit card itself).