6th May 2004, 2:53 PM
Quote:About using credit cards, you cant live without them in the United States. Unless you have a really good job. I invite anyone here to look around their house and try to imagine buying all that shit with cash (house included, and the car in the driveway). It just cant be done. By getting credit, you can buy all the bullshit things we dont need but make us a little happier and live better quality lives. Without credit (through cards, loans, etc), we're basically a third world nation. Because it exists, I was able to go to an expensive school, get a nice apartment, feed my wife and I and buy video games to play on my HDTV. I'm a happy little consumer. But without credit, i'd be living in a box working minimum wage and making just enough money to be miserable (as opposed to dead).
I never said that credit cards are inherently bad, because they can be a great assest. But so many people abuse them all the time, racking up huge bills and not giving a thought about what that will due to them on bill day. The problem isn't credit cards or even using credit cards, the problem is people who don't know how to use them properly and/or manage their money. My parent rarely use credit cards and built their own house [over 20 years ago now] with a loan from the bank and have managed to keep out of debt for the most part.
Sometimes you get the scorpion.