By: JoAnna Sandoval

JoAnna Sandoval — Tue, 03 Nov 2009 23:57:34 +0000

Hello David! I am so glad I found your websitee, it offers very productive information and I plan on following it up. I am a 21 year old college student. I have never had any credit cards, I have a $900 loan for school and I graduate in a year and a half. I have truly been blessed to have gotten by so far with so little debt, but mostly because of financial aid and scholarships. I have a about $1500 in savings, and an ok bank balance, and hope to get a job soon (waiting for their reply). My parents don’t have very much to offer me, but I really need to get a car. The one I had needs about $2,300 to repair it through a repair shop, or $1,500 from a cousin with no guarantees. I plan on trading in this car once it is repaired and I have a steady income, but I need to figure out how to get it fixed first. I know I need to build credit as well, so would you recommend putting the repair on a new credit card so I can make small payments until I get a job (the one I am hoping to get pays well and will allow for much larger payments once I start)? I don’t want to drain my savings to fix this car just in case something else happens, but I do not like debt. If it does sound like a good plan, would you recommend that Blue Cash from American Express that you were talking about? Or City PremierPass, Discover Miles Card, BankAmericard Visa Signature Card, Capital One or anything else you would recommend instead? I only plan on using the card for this one big repair cost, and once that is paid off, only small purchases to build credit, occassional big expenses for no more than a few hundred dollars for electronics and/or possibly small trips.

Comments on: What’s the Best Credit Card?

By: JoAnna Sandoval