bubblebusteconomy wrote:It's the other way around sweetheart. You need to be switching from credit to debit. Credit cards will lead you down a miserable road my friend.
Credit can be abused. however, using debit cards exclusively can make life hard. I know since it's what I did. I switched to a debit card for convenience. No monthly bills no worry about bumping over a credit limit. Just daily limits (10k) which was good enough for most things.. That was fine and dandy til I started having increasingly difficult times renting cars and hotel rooms. And then there was increasing car insurance rates. Since I didn't need or use credit and hadn't in a decade, no need to check credit reports - right? So I got tired of this the last time I flew to the East Coast and started researching credit. Found out about secured cards, and the details of credit reporting. Pulled my CR and had some baddies. Most were from utilities I hadn't turned off when I moved 6 years ago..
On the positive side, I didn't have a FICO score, had no active lines, had only one line closed within the last 10 years, and had some CAs. Ta da! I didn't have to worry about ID theft!
OK, I fixed that with a couple of secured cards (now unsecured).. I use credit but never carry a balance. The only downside: I do track my CRA info as ID theft could cost me a lot.