A while back when I was still working on rebuilding my credit I got the First Access Card. It was a $ 300 limit. I think at the time there was only one small
fee they charged so that’s why I took it. I didn’t use it too much but when I did, I mostly paid the balance in full. One month I had a $ 40 balance and paid
it off the following month, then, I charged $ 250. Well, after I made the $ 250 payment, they blocked my card from use. When I called, they explained that
since it was such a “large” amount (boy, I almost couldn’t stop laughing, $ 250 is so large?) they would need to see bank information and other things
so that they knew it was really my account. Really? Because you think someone is wasting time with fraud with such a low amount? Anyway, she tells me
I can’t use the card until they are assured they got the payment. I said, it’s already been cleared by my bank, like a week ago! She says the hold will be on
the account for ten days or something. I ended the call and forgot about the card. Well, now it’s like a month and half later, I am paying bills and checked
this card. The available credit shows $ 300. I went to use the card for $ 20 and it’s denied. Called and the girl tells me the card is blocked until they receive
all this info. I immediately asked the rep to cancel this card and explained I want it to reflect that I was the one asking for the cancellation. I wrote a follow-up
letter and also cut the card in several pieces and sent it off to them. I am hoping I don’t have any issues with them.
Credit Card Debt – A Student’s Story
It is amazing to me how many people leave such negative comments on a story
like this. Instead of boasting about how much “you saved” and how stupid
everyone else is that didn’t do what you did, how about teaching kids how
not to make the same mistake. How about volunteering at your church to
teach money saving techniques. Posers….
I don’t get these idiots. I’ve had a credit card since I was 18 and never
paid a dime in interest. You people are some real suckers
Hey! I am a rocket scientist. The whole reason for her situation is the
choices she made while in college. Keeping up with the Jones’ is always a
I know a guy who used his credit card to buy a house before…Exactly like
normal home loan except he’s paying 50%interest rate 🙂
Get a degree in business administration. Best life choice ever!
I HEART you Robyn!
@Mokothar Very very true!!! Idk what’s so hard about controlling spending
habits. I have an Amazon credit card to build up my credit and that’s it.
But multiple credit cards?! I have no sympathy for this girl…..
Sad but typical.
College Students: Avoid Credit Cards!
I agree with you fully, a lot of what students don’t understand is basic
common sense. But shes not a rare case I know tons of students doing this!
Spring break and eating out with friends … oh yeah and some materialistic
stuff as well *FACEPALM* People: I’m about to graduate college with a
degree in biochemistry and 2 grand in my bank account to get me through my
first months of renting/employment debt free as well. Why? Because I worked
hard and spent less than I made. Aint exactly rocket science.
I like her cause she aknowledges the problem and well is dealing with it.
@crumcon Regarding the computer a more dependable (even if expensive) one
may be a sound long-term investment rather than a cheap one. Why? Well if
you say pay $1000 or so for a more expensive one where’s a high chance that
it lasts for five or more years. Buy a cheap one and you’ll have to re-buy
it every year or so because they break down regardless of how careful you
are. The cheapest ones I’ve seen are around $250-$300 ($1250 to $1500 spent
over the same time frame). Do the math.
7,000 is nothing try 20,000
With the new credit card law, you must be 21 years old or older. If between
18 to 20 you must show proof of incoming and/or co-sign with an adult 21
years or older. Also high schools are having students learn about credit. I
believe the new rules and the new classes will make people learn better how
to use credit and budget their money! 🙂
i know a guy who has a fine arts degree…hes a manager at taco bell.. and
7000 dollars in debt? really? thats nothing..
well that comment wasn’t sanctimonious OR annoying!
@tbutters321 Try 80,000! Here in NY, the average cost of a year of college
(including room and board) is about 20,000.
“wish I could do those things now” still havent learned? when I drive in
wealthy neighborhoods and see early 2000s hondas on the driveways that says
thanks for sharing that with someone who just applied for het first credit
And people wonder why America is falling behind in education. This person
graduated from COLLEGE and STILL doesn’t seem to understand money…
a degree in fine arts and high interest credit card payments, typical
american college graduate
Robin is typical, most parents don’t teach their kids about how much things
really costs. Once I moved out, it was only then that I learned how much
the electric bill, water bill and cable bill was. Learning about how much
repairs on the house costs.
@MrSpemat Bet she bought it on credit.
2:19 Low interest loan? HA!