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No. Better to have a bank account and pay bills with checks. A money order just replaces the payment of cash with a paper that represents the cash, but it doesn't establish financial responsibility. Having a bank account is the basis for a financial profile and history. You want that history for credit.
What else can I help you with?
Can Walmart gift cards be used to buy money orders?
Only cash and debit cards can be used to purchase Walmart money orders.
Can you get a credit card with no credit record and no current job?
No, but you might be able to get a secured card. Which in reality is your own money. They issue their card, and charge you fees for using your money. Although it uses your own money, it does help to build or repair your credit rating if you don't mis-use it, and most of the time the money you have used to "secure" the card gains intrest.
If you buy materials to build your home on a credit card can they take your home?
Paying with a credit card, or lending money from the bank and paying cash, or having them send an invoice doesn't matter. Eventually the cost must be payed, and if it isn't the business you owe money can have your house seized and sold so that they get their money back, regardless whether you used a credit card for it or not.
What are the benefits of applying for a promotional credit card?
Applying for a promotional credit card can offer benefits such as introductory 0 interest rates, cashback rewards, and sign-up bonuses. These cards can help save money on purchases and build credit when used responsibly.
Will it build your credit history if you are not a US citizen but have been regularly using your check card as a credit card?
Citizenship is not a factor here because debit cards used as credit cards is basically delaying the payment for merchandise. Instead of having the money withdrawn immediately (debit), it is delayed a few days and taken out then (credit). Also, you are not borrowing money when using a debit card, whether as debit ot credit, because you're using money you already have.
Which orders were used to build the Colosseum?
All three orders were used in the building of the Colosseum. Doris was used on the first story, Ionic on the second and Corinthian on the third. On the fourth story there were pilasters of Corinthian design.
What are the fastest credit cards that can help build credit quickly?
Credit cards with low credit limits and secured credit cards are typically the fastest way to build credit quickly. These cards are designed for individuals with limited or poor credit history and can help establish a positive credit history when used responsibly.
What is the term 'Smart Money' used for?
Credit Cards ,,
What is the defference between money and currency?
There really is no difference in the terms of money and currency. Currency usually means a form of payment now, when it used to mean paper money. Money means cash and coin as a form of payment. Both terms can also mean credit cards, debit cards, money orders, and all other forms of payment. Checks are still used, but less frequently.
How do you know if your credit card is secured?
A secured credit card is a card on which you load money to be used by you. You will know if your credit card is secured if you must put money on it to use it.
Can I deposit money into my credit card account?
No, you cannot deposit money into a credit card account. Credit cards are used to borrow money from the card issuer, not to deposit funds like a bank account.
Is a credit card a type of money in the economy?
Credit is a type of money in the economy. It is a form of temporary currency that is used to buy goods and services.
