jackcolton

2 Contributions 384 People Helped

Member Since: January 2012

Most Helpful Contribution

Trends by Age

Sep 22, 2014
Helpful to 347 out of 373 people

I'm a big advocate for personal responsibilty -- so nothing I'm about to say is shedding any fault away from myself, but I didn't grow up in a family that was...remotely...responsible when it came to paying bills on time or spending within their means. When they were poor, only the most threatening bill was paid first. When they were making over $300k a year, they spent $.99 out of every dollar. 

I'm 32 now and my credit is slowly climbing into the "good" territory, but I can definitely attribute the ease in which I made credit mistakes in the past to just not really ever having an opportunity to grasp personal finance until I fell on my face a few times.

I think I'm far from being alone in that life experience, which is why I wish there was some sort of national credit course that students (high school or college) could take to help fill in the gaps that their upbringing left. You can take a driver's ed course to lower your insurance, why can't you take a credit and finance course that has a positive impact on your credit score and interest rates?

Activity (2 Total Contributions)

Trends by Age

Sep 22, 2014
Helpful to 347 out of 373 people

I'm a big advocate for personal responsibilty -- so nothing I'm about to say is shedding any fault away from myself, but I didn't grow up in a family that was...remotely...responsible when it came to paying bills on time or spending within their means. When they were poor, only the most threatening bill was paid first. When they were making over $300k a year, they spent $.99 out of every dollar. 

I'm 32 now and my credit is slowly climbing into the "good" territory, but I can definitely attribute the ease in which I made credit mistakes in the past to just not really ever having an opportunity to grasp personal finance until I fell on my face a few times.

I think I'm far from being alone in that life experience, which is why I wish there was some sort of national credit course that students (high school or college) could take to help fill in the gaps that their upbringing left. You can take a driver's ed course to lower your insurance, why can't you take a credit and finance course that has a positive impact on your credit score and interest rates?

Blue Cash Everyday® Card from American Express

Jan 22, 2014
Wow, totally wasn't expecting approval!
Helpful to 37 out of 41 people

I've had terrible credit for years and have only started working on it in the past 18 months or so. Credit was hovering in the mid 500s for as long as I can remember and slowly creeped into the 600s. Getting an American Express card was always the "that's how I'll know I finally have good credit" benchmark.

Anyway, CK score is a 669 and I was already approved for the Quicksilver Capital One card today with a $1,000 limit, which was the first actual credit card I've been approved for other than a dumb $300 best buy card that I've had for years. Other than that I use a Capital One (secured) card for pretty much everything and just pay it off every couple of weeks.

CK listed my odds of getting approved for this American Express card as "Poor", but I went for it anyway and got an $800 limit. Even though the limit is low for now, I feel like Leonardo DiCaprio in Titanic when he was invited to the cool table! (*Yes, I know he dies at the end, but that's probably because he didn't have an AMEX!)

Haven't used the card yet, but am already impressed with the service. They give you the option to get your number immediately and you get a year free Amazon Prime. 

I only plan to use the new credit cards the same as I have been my secured cards -- responsibly, but now I may need to dryclean all my clothes and shed any loser friends now that I'm an American Express member! (I kid, I kid).