Originally Posted by DaFace
No arguments. I've said all along that you have to be careful with them and that many people would be much better off going cash only. My point all along has simply been that they can have their benefits for those don't spend more than they can immediately pay off.
Some, maybe you have done your homework and will never abuse them, for every one of you I bet there are 20 that have no idea how to manage debt and can and will get themselves in a financial pickle virtually overnight with credit cards...
They do not teach these kids anything in school anymore about debt, have them take out student loans of 100k for jobs that pay 30k a year...
At one time I was one of those who got up to my ass in credit card debt which eventually eroded the relationship with my first wife. I was very young and stupid.... Never did anything today that I could put off until tomorrow.