payment problems

w0158981 · Post by **w0158981** » Mon Jan 28, 2008 10:15 am

So i'm a busines student at a local college and now really starting to understand better usage and control of my money, anyway i found a company dodgepartspeople that will ship to canada! but it seems like they require a credit card, but i don't have one never have and want to go as long as possible without one, anyone know if there are company's that will accept money order or other forms of payment so people like me can purchase items?

p.s. i know its weird to most people so please don't spam me with "get one u idiot" lol thanks

titansxt · Post by **titansxt** » Mon Jan 28, 2008 10:20 am

Would you consider a "credit" card from a bank? Its a check card that takes the money right out of your checking account.

Post by **Diablo0** » Mon Jan 28, 2008 10:53 am

ModernPerformance... they will ship to Canada and by the sound of it from others, you can use PayPal or Money Order to pay them.

BTW, Credit Cards arne't evil, they can help build credit when used responsibility.

half_twisted · Post by **half_twisted** » Mon Jan 28, 2008 11:37 am

what about a pre paid visa. you can get one at a wallgreens, rite aid and CVS pharmacys. its kinda like buying a gift card and youi put money in it. the card has the visa logo so you can use it anywhere and when it comes down to the credit card holders info, just give your name and address.

hansken_yo · Post by **hansken_yo** » Mon Jan 28, 2008 12:11 pm

Most Debit Cards function along the same line and should work.

Post by **racer12306** » Mon Jan 28, 2008 12:15 pm

As long as it carries a Visa/Mastercard/etc logo, it can be used as credit and it will be deducted directly from your checking account.

Also, getting a credit card for online purchases only and paying it off every month isn't a bad thing. But I do understand why people don't want one. You would just have to realize when you are getting into trouble before you get into trouble.

w0158981 · Post by **w0158981** » Mon Jan 28, 2008 1:21 pm

the only true reason i don't want one is i'm enough debt from school that i don't want to put myself in the position of possibly getting even morein debt, i understand yes i can gain credit but i can also gain credit through other ways to and when i'm done school i'm sure i'll grab one maybe capital one haha

Nutmeg · Post by **Nutmeg** » Mon Jan 28, 2008 2:27 pm

I would pick up a debit card, they're handy and are pretty similar to credit cards.

silverneontuner · Post by **silverneontuner** » Mon Jan 28, 2008 2:41 pm

if you cant afford to pay a credit card bill how can you afford to buy performance parts?

fixitmattman · Post by **fixitmattman** » Mon Jan 28, 2008 3:47 pm

w0158981 wrote:the only true reason i don't want one is i'm enough debt from school that i don't want to put myself in the position of possibly getting even morein debt, i understand yes i can gain credit but i can also gain credit through other ways to and when i'm done school i'm sure i'll grab one maybe capital one haha

What's having a credit card have to do with debt? I've had one for years, and have been going to school for years as well. No debt. It's pretty simple, don't spend what you don't have. The credit card companies haven't made a dime off of me, if anything the loose money off of me. Just because you have one doesn't mean you're automatically gonna plunge into the debt machine. SELF CONTROL

Post by **racer12306** » Mon Jan 28, 2008 4:05 pm

silverneontuner wrote:if you cant afford to pay a credit card bill how can you afford to buy performance parts?

and

fixitmattman wrote:
w0158981 wrote:the only true reason i don't want one is i'm enough debt from school that i don't want to put myself in the position of possibly getting even morein debt, i understand yes i can gain credit but i can also gain credit through other ways to and when i'm done school i'm sure i'll grab one maybe capital one haha
What's having a credit card have to do with debt? I've had one for years, and have been going to school for years as well. No debt. It's pretty simple, don't spend what you don't have. The credit card companies haven't made a dime off of me, if anything the loose money off of me. Just because you have one doesn't mean you're automatically gonna plunge into the debt machine. SELF CONTROL

jrumann59 · Post by **jrumann59** » Mon Jan 28, 2008 5:59 pm

Actually it is better to carry a balance on a card, no more than 50%, to help build your credit fast. While paying it in full is good to the credit card companies, the ones that report you to the 3 major credit bureaus, do not like it since it doesn't give them a good feel of your risk/reward factor, not to mention they aren't making any money off you. I have been at both ends I had a credit score that was below bad and now I am sitting at about 750 and all this was in the last 12 years.

Post by **Canada** » Mon Jan 28, 2008 7:01 pm

Hey man.

Oder from Modern Performance if they have the part you're looking for.

Cory is an awesome guy and they ship nice and fast to us up north.

fixitmattman · Post by **fixitmattman** » Tue Jan 29, 2008 12:53 am

jrumann59 wrote:Actually it is better to carry a balance on a card, no more than 50%.

The only the person it's better for to have you carry 50% of your limit at 18.9%/a interest is the bank. Last time I looked it definately wasn't in my best interest.

Sounds like you're one of the banks best friends.

pyro · Post by **pyro** » Tue Jan 29, 2008 1:34 am

^^^It is only true because it will also show consistent payment history, your FICO score likes that a lot. You can do the same by using the card for stupid monthly stuff that you have the cash for, then sending the CC co. a check at the end of the month during the 'grace period'.

18.9% is rape.

Adionik · Post by **Adionik** » Tue Jan 29, 2008 1:43 am

I love my CC. I use it in place of cash and play this stupid game with paying "more than payments" and paying it off. I want good credit.

I'm getting raped at around 18% APR...it's my first card

pyro · Post by **pyro** » Tue Jan 29, 2008 2:10 am

^^^ Every three months or so, call them and ask for a lower rate. If they lower it, wait six and call again. I don't pay higher than 6.9% on any of my cards now, but when I was 18, they did that sky-high rate BS to me too. Now I have cards I could buy a car on, with just as good a rate as a credit union loan.

As far as limit increases go, they will give you more than enough rope to hang yourself with.

kc2005ptgt · Post by **kc2005ptgt** » Tue Jan 29, 2008 5:22 pm

who pays 18.9% anyways?

get a CC, and use it for things you would normally pay cash for, wait for the statement, and pay if off with the cash you would have used instead. This is how to build credit... it shows current usage, and you end up paying very little, but you also show no balance, no debt, and credit companies like it.

btw, a car payment does not look good on credit once it gets paid off... revolving credit is the key to building credit.

fixitmattman · Post by **fixitmattman** » Tue Jan 29, 2008 5:58 pm

pyro wrote:^^^It is only true because it will also show consistent payment history, your FICO score likes that a lot. You can do the same by using the card for stupid monthly stuff that you have the cash for, then sending the CC co. a check at the end of the month during the 'grace period'.

18.9% is rape.

Paying off your bills every month does the same thing and you don't bleed out paying interest

My visa is 18.5% and my mastercard is 18.9%. Not like I really care, I never carry a balance therefore I don't pay it. The credit cards are there more for a convenience than anything.

This thread kinda shows why the American economy is in the shitter. If all you guys are carrying balances and living off of credit no wonder.

kc2005ptgt · Post by **kc2005ptgt** » Tue Jan 29, 2008 8:19 pm

Now, that's the biggest generalization I have read in a long time. Thanks for the America bashing

The economy is in the crapped because of a number of things, the main thing being the housing market and shady lending practices of big lender firms (insider trading, sub-prime loans to people not able to keep up with payments - see recent FBI inquiry to 14 lenders) as well as a score of other things. I want to thank you for your brilliant economic insight to the American economy though, that helps a bunch.

fixitmattman · Post by **fixitmattman** » Tue Jan 29, 2008 9:01 pm

I've got tonnes more of brilliant insight if you want

rOniN · Post by **rOniN** » Tue Jan 29, 2008 10:27 pm

First credit card I got was fixed 6%. I still have it. I only buy what I can afford. I always pay it off at the end of the month.

It's just nice to not have to carry cash or if you need something you don't have to go to the bank to get money and then go back and get it.

pyro · Post by **pyro** » Tue Jan 29, 2008 11:22 pm

kc2002acr wrote:get a CC, and use it for things you would normally pay cash for, wait for the statement, and pay if off with the cash you would have used instead.

That is what I meant by using it for monthly stuff & paying in the grace period. No balance carried forward, no interest.

kc2002acr wrote:shady lending practices of big lender firms

What about the people that lied about ther income, their savings, etc. . . that is illegal too. Now they are crying, but they shouldn't have ever bought a house, nobody held a gun to their head & made them sign. I had a realtor tell me they could bend a bunch of rules and put us in our dream home, we didn't bite that hook.

fixitmattman does have a point about the debt of America, seems like no one saves anything anymore. There used to be a buffer between hard times and going into debt to survive - Savings accounts. Now we get a rebate from the gubment.

BTW-I'll be in the black by year's end, after being well over $30K deep mainly because of a car accident, medical expenses, and putting my '65 ranchero back together when I should have junked it.
Haven't put anything on a CC for over 4 years! I have no car payment either(wifey does!), and 5K in the bank.
Living off credit? Not even, I been there though, and I didn't like it one damn bit.

kc2005ptgt · Post by **kc2005ptgt** » Wed Jan 30, 2008 1:33 pm

pyro wrote:
kc2002acr wrote:shady lending practices of big lender firms
What about the people that lied about ther income, their savings, etc. . . that is illegal too. Now they are crying, but they shouldn't have ever bought a house, nobody held a gun to their head & made them sign. I had a realtor tell me they could bend a bunch of rules and put us in our dream home, we didn't bite that hook.

fixitmattman does have a point about the debt of America, seems like no one saves anything anymore. There used to be a buffer between hard times and going into debt to survive - Savings accounts. Now we get a rebate from the gubment.

Oh, I do realize that people lie all the time on loan papers, but it is up to the lender to verify it - when I went to refinance my other car my bank insisted on seeing the last paystub from we got (most recent) so they had an "idea" of what we were making and will make... we also had to verify employment, etc... sure it's just a car loan, but those are usually harder to get from a bank

my point was that the economy is not based on how much debt people are in, it is based on GNP, economic groth from quarter to quarter and total output... that is actually still growing, although this past quarter it was only 0.5% - so yeah, the economy is waining, but not fubar'd like some seem to believe.

Pyro, read the book by Bill O'Reilly called "Who's Looking Out For You?" - it talks just about this same stuff. In all honesty, if every American saved more than they do now, the economy would get worse.

fixitmattman · Post by **fixitmattman** » Wed Jan 30, 2008 4:38 pm

kc2002acr wrote:my point was that the economy is not based on how much debt people are in, it is based on GNP, economic groth from quarter to quarter and total output... that is actually still growing, although this past quarter it was only 0.5% - so yeah, the economy is waining, but not fubar'd like some seem to believe.

You're joking right? It's almost entirely based on the debt load of people. No spending = no economy. People can't spend what the don't have. That's why federal governments are always playing around with the interest rates, to control lending and spending and thus economic output. For what other reason would they be considering giving families the kind of money they're talking about? It's certainly not because they like you, it's because they know the majority of you are going to spend the money (because most of you don't know how to save) and stimulate the economy. More than likely the reason why you still have a small gain in GNP is because it hasn't trickled down to business yet, although it's well on its way. Funny as I'm writing this the headline story on Yahoo is the Feds cutting the interest rate a half point to try and keep things moving:

Yahoo wrote:The rate cut marked the fifth time that the Fed has cut the funds rate since it started with a half-point cut on Sept. 18 in response to the severe credit crisis which hit global markets in August.

The real fun is going to come when the people carrying all this debt can't get any more loans because they're out of money and out of credit. The shit's really going to hit the fan when people start defaulting and going bankrupt left right and center.

kc2005ptgt · Post by **kc2005ptgt** » Wed Jan 30, 2008 11:56 pm

You are still wrong, so I will leave it at that. You can continue to America-bash all you want, but even though the economy is in need of fixing because of problems with the housing market and some banks are going to get in trouble, it is still strong.

fixitmattman wrote:it's because they know the majority of you are going to spend the money (because most of you don't know how to save) and stimulate the economy

Of course they are giving it because they want us to spend it, spending money is what drives the economy. I am not saying that saving money is bad, I am saying that spending money helps the economy to continue to run. There are more ways to spend money than just getting stuff to fill your house - you can invest it and make it work for you, which is also spending money, or put it in a high yield savings account and let the banks spend it for you while you make money off it... the Fed (not feds just in case you didn't know, the Fed is the Federal Reserve Bank, and is not a federal agency) cut the interest rate, yes to help stimulate the economy, but most of this cut will be seen in the credit cards with variable rates, home payments which vary, and in new loans. I am sure your story from Yahoo came off the "I hate DC because it is run by a Republican President" AP Press as well.

fixitmattman wrote:The real fun is going to come when the people carrying all this debt can't get any more loans because they're out of money and out of credit. The shit's really going to hit the fan when people start defaulting and going bankrupt left right and center.

There goes the generalizations again. Why would, and how could that happen? You're assuming that banks are just going to hand out loans to people who have no credit and no money and are already over their head in loans anyway - which a bank would never loan to that kind of person.

Anyway, I guess I am through arguing with someone who already has his mind made up about America and will continue to sit back and bash his neighbor to the south just because he is close-minded and biased. Peace.

CA180 · Post by **CA180** » Thu Jan 31, 2008 12:06 am

w0158981 wrote:the only true reason i don't want one is i'm enough debt from school that i don't want to put myself in the position of possibly getting even morein debt, i understand yes i can gain credit but i can also gain credit through other ways to and when i'm done school i'm sure i'll grab one maybe capital one haha

I'm sorry... I'm sure I'll sound like an ass...

But for someone who has spent so much on school you need to learn punctuation....

fixitmattman · Post by **fixitmattman** » Thu Jan 31, 2008 2:48 am

kc2002acr wrote:There goes the generalizations again. Why would, and how could that happen? You're assuming that banks are just going to hand out loans to people who have no credit and no money and are already over their head in loans anyway - which a bank would never loan to that kind of person.

Assuming? Maybe the banks will learn something in hind sight, but remind me who gave out all those housing loans WAAAYYY above anything anybody could afford again? They were giving people huge mortages with no money down whatsover. Everybody bent the rules/worked with the loop holes, and with a bit of creative mathematics gave people big housing loans who shouldn't have gotten them, and look what happened.

Adionik · Post by **Adionik** » Thu Jan 31, 2008 1:40 pm

Before this thread gets locked, i'd just like to point out that from what i've learned from my peers who have VERY good credit, CC companies LIKE you to have a balance at the end of the month and pay it off. Ultimately, they're in it to make money. I know of several people who would pay their daily things with the CC and pay it off at the end of the month. Not saying it happens to everyone...but the CC cancelled on her. And she is a bank manager!

So yeah. I leave a small balance every month and keep the cash in a small Pirates of the Carribean lunch box