My two cents. I use credit as leverage against home appreciation, and other investments. I have a charge card that is paid off every month, and most of my credit card debt is interest free or low APR as i work for a bank. I think $5,000 for a college student is a bit high, and agree with the sentiment here that it will be years before that is paid off, all while trying to match the extensive shoe collection of Aportnoy. I don't think credit is as bad as people say it is on this board, as long as you have the means to pay more than the minimum each month.
post #61 of 93
4/7/06 at 10:03am