Should I get a credit card?

Ant.Evs

Providing the card you got was just for Emergency's and was used correctly then i see no problem. But...

I have to agree with most other posts, it does sound like this is not the case and would just keep you going until payday thus causing more problems.

I in you shoes would stay well away from credit until i was getting to the end of the month without struggling.

Hope this helps.

milky1991

DO NOT GET A CREDIT CARD

As people have already said you need more money so either cut back and be more frugal or earn more. Not spend more

Good luck

molerat

Only those that do not need a credit card should have one. If you need a credit card to get by each month then you should not have one as you are starting on a slippery slope.

My cards give me over £140 pa for using them, they are paid off in full each month. I do not spend what I do not have in my bank account to cover that spending. Whilst that money is pending on the credit card it is earning 2.7% net in my bank account. The groceries I bought on 4th Jan will not have to be paid for until 27th Feb and the card issuer will pay me 4% of the cost. I only have credit cards because I can use them to my advantage at nil cost.

Caz3121

think of it this way - example if OP earns £1,000 per month and outgoings are £1,100

either
OP is £100 short at the end of the month so they use the credit card
gets paid and pays the £100 back so they now have £900 to pay their £1,100 outgoings meaning they now need to put £200 on the card...next month £300 etc

the alternative would be that they do not pay all of the £100 back and instead make a minimum payment meaning that on top of having a balance they also have interest being piled on top so by the end of the year may have £1000+ sitting on the card (or more if they are tempted by this free money)

best result - get outgoings down to less than income, can then put a little away each month for the unexpected things. Or if outgoings are already less than income try (and it is hard) to not be tempted to blow the excess and get into the habit of saving

I think many people that post here have all learnt the hard way - 20 years ago I used cc cheques that they used to send through, I really hate to think how much in interest I have paid over the years. I am now debt free with 6 months salary in savings. I do have credit cards that I use for different things but have direct debits to pay all off in full each month.

Credit cards do have their use but in the OPs situation getting into the habit of saving for a rainy day would be far better in the long run

Twisted_Cherry

Vectis wrote: »

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.

Ahhh gay-guy is on a high, he just got a Vanquis Credit Card today!