Frequently Asked Questions
Most commonly asked questions and possible explanations.
Should I take credit card or not ?
What are tips for credit card acquisition and usage ?
What cell phone company should I use?
Can I provide my social security number over the phone?
Q:Should I take credit card or not ?
A: You can live in US without a loan if you can afford to. It means
you have to have cash to buy car, and other things. You also have to
live with no credit history as a consequence except you have other
loans. If you are considering getting a credit card, see some
tips on acquisition and usage.
Q: What are tips for credit card acquisition and usage ?
A:
- Check for APR.
- Don't take a high APR. 10 % and below will be OK.
- If you are starting off, consider a small credit limit and set up an automatic minimum payment, you can pay additional amount later. this way you don't default and you are seen as one who pays.
- Consider Energy capital credit union very seriously (they are likely to give you a credit card despite your "no credit history" situation)
- Watch what you buy; Do you really want to use credit card to buy fast food ? That is like taking loan to eat bread.
- Avoid Credit cards with annual fees if possible.
Q:What cell
phone company should I use?
A: Consider the ones with less contract years. If you ever need to
change, the fines are very annoying. Ask the provider what the
charges are if you need to switch over to another before your
contract. Ask people about the services and coverage.
Q:Can I
provide my social security number over the phone?
A: The rule of thumb is don't give your social security number if
you receive a phone call, except you are the initiator of the phone
call.