Zilvian Center for kids who can't finance good: & Finances, Credit, Card, Score

[KAT-PWR]

Don't buy things you don't have the money for
Pay your bill early, consider paying bills on time as being "late"

I just got my first credit card at 22 maybe 6 months ago and I'm up to a 710 credit score. I would consider this my biggest financial mistake. However I have a growing stock portfolio I started putting money into at 20.

A PENNY SAVED IS A PENNY EARNED... YOU MUST MUST MUST SAVE MONEY THERE IS NO EXCUSE AND NO REASON NOT TO.
MAKE
A
WAY

Originally Posted by cbeuglas

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For those of you with 10K+ credit limit on a card; what type of card is it? I'm trying really hard to increase my credit limit on cards but for Chase Freedom the increase request is a "hard" inquiry on the credit which will impact your credit score.

Here is my question why does it matter if your credit card is over 10k? Would you have 10k to pay it off at the end of the month? If you are making 10k a month you are the man!

A higher credit limit lends more credibility in the financial realm.
This is valuable for future large purchases like houses and cars.
Also knowing if worst case something happened you could float yourself comfortably through hard times if absolutely necessary.