I decided to blog on Credit Card because I feel that they have a lot of weight and meaning to them.
Positives (that I have noticed): they boost ur FICO Credit Score; they help ur overall credit; they are good to have in case of emergencies esp. now that the economy is so bad-but u CANNOT abuse them because the over limit fees will kill u alone along with the hefty finance charges they love to access on you. So this last one can be a positive or a negative-it was just a warning to ya as well :)
Negatives: if you do NOT make ur payments on time-your FICIO score will go downhill and it is hard to raise back up; fees and over limit charges do not look good on ur credit report or the company on which u have the credit card; no one will offer u nothing at a low rate r with no deposit if ur credit/payment history is always late and u never make ur payments on time!
Everything now a days is based solely on credit so maintaining a good and strong credit history can carry u a long way when u apply for a car, home, etc. I just had to vent on this because I think people need to know about it!
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