wisebread.com— Dealing with financial products can be very confusing and stressful, but there are some products that you should absolutely stay away from for the sake of your financial health.
Feb 22, 2008View in Crawl 4
Store specific credit cards are a crappy product, but they will show up as a good trade on your credit report, so if you make a small purchase now and then and pay it off at the end of the month it may improve your credit a little bit.I run a payday loan place and I will tell you straight up these things are the deadliest financial product out there. They do nothing for your credit, have unimaginably bad rates and most clients just end up trapped in the debt cycle paying around a hundred bucks off every paycheck until they default or climb out.
jeromebragaFeb 22, 2008
Great advice
ghostyboyFeb 22, 2008
Store specific credit cards are a crappy product, but they will show up as a good trade on your credit report, so if you make a small purchase now and then and pay it off at the end of the month it may improve your credit a little bit.I run a payday loan place and I will tell you straight up these things are the deadliest financial product out there. They do nothing for your credit, have unimaginably bad rates and most clients just end up trapped in the debt cycle paying around a hundred bucks off every paycheck until they default or climb out.