Being a college student I had a very long and hard time getting a credit card. Everywhere I applied at required a credit line or a co-signer. To me this was very unfair to do because I was responsible, but the only way to prove that was to already have a preexisting credit line. This is one of the many reasons why no credit cards are a good thing.
A credit card serves certain key functions in our everyday lives. Keeping sufficient dollar bills at all the times is cumbersome. Many people are unable to track their spending when paying in cash. With a credit card, you can monitor your expenditure and take corrective action. Moreover, it allows you to make purchases even if you don’t have the required money to pay for it present in that every moment. To get a credit card, you need to provide proofs of income and identity, and credit history report obtained through an online credit check.
I have been through situations when I badly needed a loan and I was refused. I have also seen my credit card application being rejected. The underlying reason has always been a bad credit history. I wasn’t born with a fall-back option, and I had no credit line at all. How could have I done something which could have resulted in a better credit history. I wish I could get myself one of those no credit credit cards without getting grilled too much about my credit history.
Credit report monitoring is a fantastic, sensible asset to any responsible person who has built up a respectable credit history. (As you know this takes time and careful management). How does credit report monitoring work? Simply and effectively, it enables you to monitor your own consumer record and information is available at all times. You will know if anyone has attempted to tamper with your personal credit line. If someone steals your identity or credit card details it’s awful, both financially and emotionally. You’ve worked hard for your achievements, don’t let anyone steal any of it! Let credit report monitoring be your protection against this kind of soul destroying theft!
As a college student I am in the typical stereotype with people who are irresponsible with money and unable to keep my purchasing under control. Not true for everyone. Most students who have this problem have someone behind them if they fall. I however do not and I also do not have someone there to cosign me if I need help. This is a very unfair situation. If it was not for no credit credit cards then I would be just out of luck.
Everybody deserve the financial indepedence which is strong enough and worth acquiring like the punctured tyre ,latest books and the final bil.The financial stabilty cannot be guaranteed by any credit card that is essential for you to make viable financial decisions for a lifelong period on a sustainable and productive basis.
- Daniel Lesser
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