credit, how does it work Options

[Toyoca]

I just got an amex credit card. im new to having my own credit card. always went through my parents card (but it had my name on it w/e that means). i just got it cause i wanted to start building my credit. i dont completely know what that entails but i got one anyway lol. i basically just figured to get a car or house in the future i need credit so ppl will approve me. so is credit just using your card and paying bills on time? and if you do, you get a good credit score? is that basically it.

btw i got credit $2000. that sounds like a large amount to me given that i dont have that much a month lol. esp since i dont work right now. but sounds good to me lol. i just found it interesting cause my friends all started out with around 500 and i clearly didnt lol.

[saleeka]

in a way it does make sense- but only for the creditors... They don't make money when you pay in full, so they see no bennifit in rewarding you for that... honestly, credit is prolly the most backwards thing I can think of- some of the stuff i've seen both creditors and debtors do to try and one up one another... I was younger when i worked with all that credit crap, and it scared me away from it... I have yet to get a credit card, and I've always baisically lived off of the "I only spend money I have" rule. The sad problem with that is no credit is just as bad as bad credit...

Other tips that people really should know, but usually dont-

Late payments to cell phones hurt your credit score more than you think- if your phone has ever been shut off, your score took a good hit, each time...

Closing accounts, even those paid in full, will hurt your score...

and the scariest one in my opinion- Don't ever be rude to bill colletors. If they have acess to your credit report (and they usually do), they can pull your score as long as you are in their campaign. I worked with a LOT of people who would pull people's reports a couple times a week if the debtor pissed them off in any way, because they knew it was f'ing their score over...