Should I get a credit card?

Lucythedog1

I struggle for a week or so until payday,so if something unexpected comes up e.g more petrol for the car,small vet bill I have to wait until payday,should I get a credit card?if so what type?

gay_guy

Lucythedog1 wrote: »

I struggle for a week or so until payday,so if something unexpected comes up e.g more petrol for the car,small vet bill I have to wait until payday,should I get a credit card?if so what type?

Yes, you should get a credit card as its the best thing if you have no money to pay or anything worse happens.

I have currently been accepted for Vanquis Credit card and I got accepted on 30.12.2013 and still waiting for my card to come, I have been told that my first credit limit is £100 even though its low, I am grateful for Vanquis for giving me this opportunity to get my credit rating good, though if you do get a credit card from Vanquis then please don't to withdrawal from cash machines as charges a lot of interest from what I have been reading :eek:

Vanquis offers people who have low credit and bad credit, so why don't you apply for a vanquis card? and also if I manage my credit card then I will get a credit limit increased

Here is the link for Vanquis: http://www.vanquis.co.uk/

I can't wait to get my credit rating good so I can get other credit elsewhere

runforlife

Whether you do or not has to be your decision. Most people do have a credit card and yes, its handy for large unforeseen purchases or a purchase that you may want a guarantee for if things go wrong i.e. you can get your money back. However start now and remember to substitute the word credit for debt!

yangptangkipperbang

Lucythedog1 wrote: »

I struggle for a week or so until payday,

Sorry - but I would have to say that a credit card is not the answer to your problems.
As "runforlife" has already said, all you will be doing is adding debt to your problem. That has to be serviced every month - so your monthly outgoings will become even higher. Then what ?? Wonga ?

gay_guy

yangptangkipperbang wrote: »

Sorry - but I would have to say that a credit card is not the answer to your problems.
As "runforlife" has already said, all you will be doing is adding debt to your problem. That has to be serviced every month - so your monthly outgoings will become even higher. Then what ?? Wonga ?

Not everyone goes mad with credit cards you know, some use credit cards sensibly and manage to keep a credit card for many years without messing it up so stop treating everyone the same. :mad:

CherlokHomes

gay_guy wrote: »

Not everyone goes mad with credit cards you know, some use credit cards sensibly and manage to keep a credit card for many years without messing it up so stop treating everyone the same. :mad:

When someone is struggling week by week on their income then a CC is not the answer.

Wilkins

Lucythedog1 wrote: »

I struggle for a week or so until payday,so if something unexpected comes up e.g more petrol for the car,small vet bill I have to wait until payday,should I get a credit card?if so what type?

You struggle because you do not have enough money. The only way you are going to solve this is by getting more money, either by earning more or spending less. A credit card will not enable you to get more money --in fact it will probably lose you money by getting you into debt.


Try and create a small emergency fund that you can call on in difficult times.

opinions4u

A credit card will allow you to spend money you don't have in the week before payday.

You then have to pay all or part of it back.

If you pay all of it back you will run out of money two weeks before pay day the following month.

If you only pay part of it back at some point, a few months down the line, you will run out of money two weeks before pay day. And have a big debt too.

Your reason for wanting a credit card is to spend money you don't have. It's a recipe for disaster. The solution is to spend less or earn more. Not to spend more.

jamesd

A credit card would be useful but you should also pay a visit to the debt-free wannabe board and ask the people there to check your budget. As others have written, regularly being short of money before pay day is a sign that you're spending more than you have coming in. Getting a credit card will help short term but it won't fix that problem and unless you fix that you're at risk of accumulating debt you also can't afford. A credit card is great for occasional shortages, way better than overdraft or payday loans, but spending not matching income is your core problem.

Vectis

gay_guy wrote: »

Not everyone goes mad with credit cards you know, some use credit cards sensibly and manage to keep a credit card for many years without messing it up so stop treating everyone the same. :mad:

Maybe you should go back and read the op again

"I struggle for a week or so until payday"

How will taking out credit help the OP to balance their finances? All they'll do is spend on the credit card for that week or so and then be even worse off the next month.

They need to spend less and try and save some money for emergencies.

Credit isn't the answer to not being able to pay your bills.

jamesd

The named purposes are spending on petrol or vet bills. The car may be required for work and the vet bill may avoid the death of the pet. It's better to have credit available even though there appears to be an underlying budget problem that needs to be fixed as well.