1st Gen Lunchtable Thread - General Discussion

https://www.blm.gov/visit/search-details/10004385/”

 

Take Tyler too ?

 

If you use a CC to pay for tuition and don't pay it off the next month you'll get hit with as much or more interest than a student loan will have.

Student loans are generally way more forgiving than credit card loans/debt.
Not to mention most student loans are deferred until 6 months or so after you graduate

 

With his Mercedes? Lmao

 

Oh yea I know, im just talking about the bits I actually pay, a couple hundred a month

 

I still wouldn't recommend that, then you're paying 2 separate interests at once....CC companies demand a certain minimum payment every month with interest, most student loans will work with you on a customized smaller payment if you tell them your situation. CC companies don't give a crap and will send collectors after you

 

But in theory yes, if you never miss a payment and make every one in full every month...it would be a good credit raising scheme lol

 

I have no interest on my CC

 

That’s what I would do haha but probably won’t ever get a card

 

For now you mean, most companies give you 12 - 18 months no interest...they make their money off of the interest (and late fees)

Unless by 'credit card' you mean mom and dad lol

 

Been 3 years

 

The Tacoma still down?

 

Lmao yeap

 

All credit cards have an interest plan, whether it starts immediately or after a certain amount of time...otherwise they're not making any money and just loaning you money out of the kindness of their hearts lol. Which I guarantee you they aren't.

Either the interest is being factored into your monthly minimum payments or you pay the whole thing off to a zero balance every month and they only charge interest on remaining balances

 

I never pay the full amount off. I pay close then use the card then repeat. And my min payment is 25$ no matter what

 

If you only carry over 25 bucks then of course you'll have next to no interest charged. Like how much is it a month? Buck fitty or so to carry over 25 bucks?

 

Do you have a credit union card? Maybe the interest is being added to your balance and the minimum payment is fixed.

I promise you they aren't just letting you borrow money without getting something in return. Only exception I can maybe think of is a credit union card, I know credit unions offer really good CC terms

 

Not if you don't have a balance. Then your payment is $0. If you have a really big balance then your payment will be way more the $25. lol

 

My balance never changes. Ive had the same BOA card for 3 years. Been the same way sense i got it

 

I'm going to need to see some CC statements. Make sure you leave you SSN visible