actually go to your bank and ask that women behind the counter, come back when you have done and she will say, it's all about how much you get paid:
http://uk.answers.yahoo.com/question/index?qid=20081215112745AAo2vsd
Yes but as I've said above, it's not just about how much you get paid, other factors do come into it.
and the rate of repayment and rate of interest may be based on your credit score rating, a rating that can only be generated by getting credit cards or loans etc.
A credit card is a plastic card that has a limit ammount of cash on for you to spend incase YOU DONT HAVE THE CASH, not INCASE YOU HAVE THE CASH BUT CANT BE ARSED PAYING BACK.
nobody ever said that a credit card was for you to max out and forget about paying. I'm assuming that you;ve had a tough week at work dealing with someone who seems to think like that, -perhaps you should leave your work at work and not bring it out here to insult other people.
the more you spend and pay back the more brownie points you get, not that it matters anymore because they'll be a whole new system
and there I was only accusing the banks of reckless speculation.
And tell me why do YOU need a credit card? do you pay bills? or still in moms basement washing all the dirty cloths wankin it out on ya pc, getting ya cards splashing it like theirs no 2mo, pfft.
perhaps he wants to buy some stuff, and favours buying expensive stuff on credit based at 0% for a year because that works out better as it doesn't cost any more, allows him to spread payments and allows him to get what he wants now rather than having to save up.
perhaps he has debts on another credit card and is planning to transfer the debts to a promotional transfer rate to mean that there will be less interest over a year to pay off.
(certainly I did that a year ago and have saved between 30 and 40 pounds a month by transferring the balance to a card with a 0% promotional rate -so I still saved money even when including the transfer fee).
whatever his reasons they are none of your concern. he's simply asking for advise on the rates of credit cards.
I'm sorry but you guys really do fuck our economy up and I am so worse of then what I was b4 it started.
Oh, you mean that you grew up and joined the real worl d of work and suddenly had bills and tax and shit like that to deal with?
Perhaps you;re finding that you're worse off than when you started working because you have more expensive tastes, not because things are
if you'd followed the advise that you seem to be giving here, no-ever borrowed money, saved up for everything that you want then how can you possibly be worse off now than before you started.
if anything, (assuming that you haven't borrowed money and now seeing a higher rate of interest) you should be better off as a series of fiscal stimulus tax cuts have taken place.
admittedly not much better off, but slightly. -the pain will come in a couple of years!
If I don't know what am talking about why is it you come out with this useless:
original quote was that you can just walk into a bank and expect them to cut you a cheque for ten grand -you'd need some kind of credit score first
WRONG! do you hell need a some credit, I don't think you even understand how a credit card works, I mean look, your using it for student? then get a bloody student loan, that's why they have student bundles in every single main bank on most high streets, don't know what am talking about? then why is it I have just shown you wrong.
You do not need credit card to get credit rate, if you get wages paid in bank and have a active bank account I'm sure what ever your salary is you can get a loan just around that salary.
Antdemo, you are kind of right, but also so massivly wrong.
firstly. lets try to keep the figures simple.
we'll assume that you earn 20k per year.
you have no credit history, (have never borrowed have no overdraft facility)
you walk into your bank and ask for a loan for 10k.
you will be refused as you have no credit history, your bank doesn't know if you're a responsible borrower.
you may get 1k, or 2k, perhaps even as much as 5k. but you;re unlikely to get 50% of your salary with no credit history what-so-ever.
now consider the example that you have 2 credit cards, each maxed out at 5k. You have made at least the regular minimum payments on the cards, and thus have a good credit score.
if you go into a bank and ask for a 10k loan to consolidate your credit debts, they'll look at your credit file, see that you've never missed a payment and always been able to pay, and they'll likely approve you for the loan.
to get credit, you usually need a credit history. unless you only want to borrow a very small amount, in which case a bank may consider that low risk and may opt to lend you a small amount, but I think that 50% of your wages as you are suggesting is out of the question.
Don;t talk about other cheap crap man about my posts, actually you thick inbred, when I came on this forums I was miles more helpful then you, and alot more active then most people, they I come on here less and less, I stopped liking computers, I stopped knowing about computers, things changed new things come out I don't keep up to date with most computer builds, I don't even know much about graphic cards/cpus motherboards now because I stopped likeing computers, so yer, am glad I stopped posting in the help section as I am no longer as much as a nerd as I was.
I Hope to hell you get a credit card and spend all the cash and I hope you fuck yourself over in a 5k debt.
why not talk crap about your posts? that's what they are full of.
I don't think that you should talk to people like that, especially not when they are only asking a question, and they are just pointing out errors in your post, based on their experience in the subject-something that you seem to be lacking
you stopped liking computers and stopped posting in the help section, and that's fair enough, but you say that you're a trainee accountant, but whenever something about money comes along you wade in saying that you know it all, until someone points out that you don't. then you say, yes well I didn't learn that yet.
Anyway, you don't get the chance to do that this time.
for all your comments about being a thick inbred, wanking off in his mothers basements you've been banned until the new year.
