Quote:
Originally Posted by e107collector
I guess I'm the minority in this thread. I actually just got one a personal line of credit a few months ago for $25k. I was approved in 2 hours. The interest is very low, and there are no annual fees. I haven't used it yet.
I have it in case one of the tougher cards I want comes up for sale, and I don't have all the cash to purchase it. I will use my line of credit, and just make a few monthly payments.
Just my opinion
Tony
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Even though I messed up my own credit, I do know how credit works because I worked in the credit repair business a few months ago. Use that card but make sure it is for one purchase at a time, then pay it off or at least pay it in a few payments. A few payments is better actually. Use the rule of 30%. If your balance is above 30% of your limit it hurts your credit, if you keep it on or below it improves your credit. I did things stupid, but I knew what I was doing, but I have knowledge of the workings of credit. Just use that card in moderation and do not go nuts don't be dumb like me.