There is a credit card with an unlimited limit?!

Okay, i agree that there is a problem with benefits payments. I only get £260 a month, and i am going to have to reapply for this soon. I did a degree, got a 2.1 and still can't find a job. Now with benefits payments and sfe debt combined i am about £40k in debt.

That is long term debt however, for the credit cards, are short term debt. It isn't like it was ten years ago. These days it is quite hard to get a credit card, and even if you have one, and don't pay at least some of it off each month, they will take it off you quicker than you can say 'a quick thing'. Which is pretty quick!

sick

Why do you want debt at all?

There may well be. But it doesn't belong in Chat.

Moved to money and finance.

Jesus christ why does anyone let you post about credit - you're a disgrace when it comes to money management, an absolute disgrace.

You don't need any more debt. Honestly.

what is sick?


I would have been much happier if i didn't have to pay for uni fees. And benefits repayments. They are the main source of my debt. My credit cards are different because i always pay them back, and look after my credit score in this way.

Let's not endorse using credit cards. They can get people who don't understand the system into bad financial problems.

Credit cards are only good for three things:
-Spreading the cost of a purchase, provided you fully understand the financial cost in interest of it;
-Building a credit score for future access to credit, such as a mortgage;
-Adding security to a transaction, provided you still understand there can be a financial cost to the service provided by a bank.

People should NEVER use credit cards as free money. It is not free - you are borrowing money which must be paid back. Just because you have a £5k credit limit, doesn't mean you can go out and buy a car, for example, without properly budgeting for it.

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I agree, never buy anything on credit. It will bite you back. I don't even have a credit card.

He's had a thread on this sort of thing before. He doesn't care for advice, he just wants attention and will go ahead and build up mountainous debt anyway as he sees it as "free money". The worst part is, he expects his wife to pay all his debts for him, which he admitted in another thread about a laptop.


He should be banned from ever working in any job relating to banking or finance.

Let's not endorse using credit cards. They can get people who don't understand the system into bad financial problems.

Credit cards are only good for three things:
-Spreading the cost of a purchase, provided you fully understand the financial cost in interest of it;
-Building a credit score for future access to credit, such as a mortgage;
-Adding security to a transaction, provided you still understand there can be a financial cost to the service provided by a bank.

People should NEVER use credit cards as free money. It is not free - you are borrowing money which must be paid back. Just because you have a £5k credit limit, doesn't mean you can go out and buy a car, for example, without properly budgeting for it.

Posted from TSR Mobile

Then you shouldn't have gone to uni at all. Study a NHS course if you want a free course.

Same and I'll never buy anything on finance either. If I can't afford it, I don't have it. Simples.

Although, I do know I'm very fortunate in terms of money.

I got turned down for that as well.

I wonder how good your credit score has to be, to get one of these? Lol

American Express Centurion card, also dubbed “The Black Card,” is the most well-known exclusive credit card out there. With a $5,000 one-time initiation fee and $2,500 annual fee, you’ll need deep pockets for the privilege of having this card. Cardmembers have no preset spending limit.