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Oh, I wasn't trying to trash you for posting it -- I was just trying to get a better understanding of it.
From what I read, it seemed like this company would compile its own "credit report" for you and, when you need to apply for credit (which is the kicker), they will give you a document that you can give to the lender. I cannot think of one business that would accept a printout from me as proof of creditworthiness (as much as FICO, et al have their faults, they ARE the standards).
As long as you're using credit responsibly, I don't see a problem with it. Getting a CC and paying it off within the grace period = no interest, so I'm not sure how you'd "pay more in finance charges" than you would on a membership to this site. For someone establishing credit history, spending ~$50 on gas/groceries or whatever and paying it off each month is a good jumping off point.
(ex-banker here, so I always jump in on these topics lol)
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*does side bends and sit-ups*
*doesn't lose butt*
Last edited by knight_shadow; 05-26-2012 at 06:33 PM.
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