MONEYTALK with Al Suffrin
Are charge cards a good credit builder?
My parents thought that it would be a good idea to get the card to help build my credit.
I carry a small balance of $100 to show that I can make the scheduled monthly payments.Is this a good way for me to build my credit? - Curious in Luling
Dear Curious: Credit cards can help you build and maintain a strong credit history.
However, you should make payments on time, stay within your credit limit, and try to pay your balance in full each month.
You should use credit wisely by asking yourself the following questions before purchasing with credit:
Is this something I really need, and do I need it now? Do I have the ability to repay? How long will it take me to repay? How much will it ultimately cost me (considering credit card interest)?
Also keep in mind that credit cards increase the chance of identity theft if your card is lost or stolen.Students' questions about finances answered - only in the St. Charles Herald-Guide. Financial expert and school board member-elect Al Suffrin, a certified public accountant, takes on the tough questions from parish kids- and their parents - in an important weekly column everyone should read.
Send YOUR questions to: email@example.com or write: MONEYTALK, P.O. Box 1199, Boutte, LA
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
“It’s not fair. She was 24 and her husband was 22. I wish it was me first,” said...
By Lori Lyons
In his first season as Hahnville’s head softball...
A multi-million-dollar expansion planned at Quixote Studios in St. Rose is on hold...
This year’s 25th annual Independence Day Celebration will feature even more...
By Kristen Higdon
Although 29th District Court Judge Timothy Marcel ruled against Tim Mayeaux’s...
Affordable Appliance Repair is a small family owned business you can trust. We work on all kitchen and laundry products. With same day or next day service, call us and we come to you!
Monsanto announces plans for $1B expansion in Luling - 2824 views
Monsanto President and Monsanto Chief Operating Officer Brett Begemann announced the company’s decision to begin its preliminary investment in expanding its St. Charles Parish operations in Luling.