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No Credit Credit Cards Can Bail You Out Of Financial Puddles

By December 16, 2008

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.

Credit cards are not as simple as an online credit check, possible proof of employment and no stress to having a old credit line. This is one of the ways to join the rest of society. Credit cards are nifty because of the fact you do not need to carry around cash which can be very dangerous. It also allows you to purchase something when you do not have the funds on hand at the present time.

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.

It is not very pleasant to think of losing your credit card under any circumstances. I am unaware of anyone whose credit card has been stolen irrespective of his financial status. To start a great credit history on your own is quite hard and spending responsibly is a part and parcel of owning a credit card. As a consumer, one has to keep track of his credit history by carefully credit report monitoring in order to find out whether anyone else has touched your personal credit line.

Being a college student I am included in the typical stereotype of people who are irresponsible with money, and cannot keep purchasing under control. Not true for everyone. Almost all students who have this problem have someone to fall onto if their financial condition collapses. I however do not, and I do not have anyone have to cosign me if I need assistance. This is a extremely unfair situation. If it were not for no credit cards then I would be completely and utterly out of luck.

A last minute bill, a broken down car, new novels, and all the confidence that you are financially secure is worth having and is only fair to be offered to everyone. Credit card do not give you the financial confidence you seek to make well planned and intelligent financial decisions for a long and productive life.

- Daniel Lesser

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