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]

/\ yes your score is affected, good or bad... As a co-holder on an account that goes sour, the issuers expect you to step in if the primary party dosen't pay. When legal action takes place on cards with multiple parties, ANYONE who is on that account can be held accountable for 100% of the balance due.

This post has been edited by saleeka: Oct 6, 2006 - 5:45 PM