- Platinum Member
- Posts: 88
- Joined: Thu Aug 02, 2012 1:18 am
- Location: Nebraska
So then how would charging say $50 each month and paying it off compare to just plain putting the card away and not using it? Seems kind of silly to charge something I could pay cash for.....
The whole thing is I have a prepaid card I can use to order online and buy gas at the pump after hours and it let's me spend $500 if I have it whereas if I let my gas tank get empty, I would use too much of my available credit to fill it one time.
I know my credit is bad, I lost my job, was without a job for over a year, couldn't get unemployment - The only thing I had of value was the cheap starter house I was living in, wasn't worth much or in very good shape but ended up putting it up for sale to get some money because I was completely out of money. Had to use a couple of my cards to keep the heat and electric from being turned off in the middle of winter and pay the taxes. Before I could find a buyer my cards went into default and the accounts were charged off, nothing I could do, no money, didn't even know how I was going to eat. Finally got the place sold, then a few months later a Temp agency finally found a decent assignment for me.
Right now I'm living out of Motels almost paying out more than I'm making in rent. I tried to get into several apartments but got turned down because of bad credit. I tried for a bunch of credit cards to try to get my credit built back up so I can get out of this dump, but this is the only one I got approved for. It was the last resort before trying for a secured card, but it seems like a really crappy deal, on the surface, prepaid is a better deal, but this thing is supposed to help build credit. I guess I should consider myself lucky I was able to open a checking account at a local bank. About all I can do now is either use my mom's address for a physical address or I get some of my mail at the UPS Store - I was able to rent a box there.
By the way, I needed to get my eyeglasses replaced for the last 6 months, I was having trouble seeing, made several mistakes and I was given the choice to have my eyes checked or be terminated from the little bit of a job I have.