aleksandr
Distinguished Member
- Joined
- Feb 1, 2008
- Messages
- 1,352
- Reaction score
- 357
When I was about halfway through law school my bank sent me a pre-approved visa with a credit limit of $5,000. This is despite me having near zero income. I thought, that's nice! Within about a year it was more or less maxed out. I was getting by making the minimum monthly payment, and that was when the raised the credit limit to $8,000. It was then I realized something extremely fishy was going on, so I shoved it in a drawer someplace and started paying off the balance. I recently graduated so I'm hoping I can pay off the rest of what I owe ASAP. Well, not maybe that fast, there are still a couple of things on the BS forum that I have my eye on...
Looking back I think I'm thankful I learned the bad-credit lesson early on. It's scary to think the amount of credit I might be able to get a year or two down the road, and then I might be in some deep ****.