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Thank you for your comments and for visiting LoveToKnow Credit Cards.

-- Contributed by: Tamsen Butler

AFTER MANY YEARS WITH AN ABSOLUTELY STERLING CREDIT PROFILE - MANY AMERICANS FIND THEMSELVES IN THE GRIPS OF THE CURRENT ECONOMIC CRISIS. CREDIT CARD COMPANIES, AS MENTIONED IN SEVERAL POSTS ARE ALWAYS WILLING TO OFFER THEIR SERVICES BUT THE PRICE IS NEVER WORTH CONSIDERATION. PEOPLE WHO HAVE WORKED 30 YEARS ARE NOW FINDING IT DIFFICULT TO MANAGE EXPENSES BECAUSE THE UNEMPLOYMENT RATE IS NEARLY 14%. ADVERTISEMENTS OFFERING 70 % DEBT REDUCTION MEANS SIMPLY THAT FOR EVERY $1.00 YOU OWE YOU'LL ONLY PAY $.30. UNFOUTUNATELY, IF YOU DO THE MATH YOU'LL DISCOVER HOW DIFFICULT ACHIEVING THAT MAY BE. RISING DEBT LOADS ACROSS ALL SECTORS OF THE ECONOMY SHOULD CAUSE CONSUMERS TO ASK - WHY ISN'T EVERYONE EXECUTING THIS OPTION. IT WOULD BE HELPFUL IF THOSE WHO MANAGE THIS SITE COULD POST MORE REAL CONSUMER EXPERIENCES IN THIS AREA AND OFFER THE NAMES OF LEGITIMATE COMPANIES WILLING TO ASSIST WITH DEBT RELIEF. AS FOR LAURA - HOLD ON TO YOUR MONEY AND FROM MUCH RESEARCH AVOID CHASE BANK AT ALL COSTS. OTHER LENDING INSTITUTIONS MAY NOT FARE BETTER - BUT CHASE SEEMS HELL BENT ON DESTROYING THE AVERAGE AMERICAN CITIZEN. BANKS ARE NEVER YOUR FRIEND. IF THEY WERE THEY WOULD BE GIVING AWAY MONEY - RATHER THAN LETTING YOU BORROW IT.

-- Contributed by: TOTELLTHE TRUTH

Laura,

Congratulations on turning 18! To build your credit you should find a credit card issuer that reports your payment history monthly and then concentrate on paying off your credit card each month.

Thank you for visiting LoveToKnow Credit Cards.

-- Contributed by: SusanWeber

Hi i turned 18 on 08/12/08 and i wanted to know what would be a good credit card for me to building my credit on and which ones should i stay away from?

-- Contributed by: laura

Donna,

To start building credit, look for a card that has a low interest rate, no annual fee and minimal fees. If you plan to pay off the credit card balance each month you can also consider cards with higher interest rates.

You will be able to build a good credit rating at a faster rate if you pay your credit card bill before the payment date, pay more than the minimum payment and have a card issuer that reports your payment history every month.

There are lots of credit cards to choose from here on LoveToKnow Credit Cards in the category called "Types of Credit Cards".

Thank you for your question and for visiting LoveToKnow credit cards.

-- Contributed by: SusanWeber

So...If I want a credit card simply to build credit, what is the best way to begin? If I plan on paying off the credit card balance as soon as I purchase something, will I still have to pay for using the card??? Will I be paying more (perhaps even a rediculous amount) for using the card?

-- Contributed by: donna willis
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