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"DON’T BUY SHIT ON CREDIT, REMEMBER WHAT HAPPENED TO AMERICA? CASH ONLY, FUCKERS. CAN’T AFFORD IT? DON’T FUCKING BUY IT!" This is almost right. Yes, never b
by kstenerud 10y ago
"DON’T BUY SHIT ON CREDIT, REMEMBER WHAT HAPPENED TO AMERICA? CASH ONLY, FUCKERS. CAN’T AFFORD IT? DON’T FUCKING BUY IT!"
This is almost right. Yes, never buy something you can't afford. However, your credit rating makes or breaks you in this world. Get a credit card, make a point of using it at least once every month, never keep it at more than 20% capacity, and ALWAYS pay it off (never carry a balance).
Credit ratings take YEARS to build. Start early.
- markyc 10y agowhy do americans use credit cards so much? why not just use money you have? (genuinely curious)
- a3n 10y agoBecause we don't have money, it all goes to paying our credit cards.
- kencausey 10y agoI'm curious markyc. Do you have no plans for home ownership? Is home ownership rare in your society? In most of the U.S. home ownership is still possible for many, even those not wealthy. However it will require a mortgage for the vast majority and without a credit history you will not get a mortgage on reasonable terms.
- markyc 10y agogot it, so it's about the credit history mainly In Eastern Europe over 90% of people own their homes, but that's another story.
- deleted 10y ago[deleted]
- sehr 10y agoIn the USA, there is literally no advantage to using debit cards. Provided you can keep up on your payments, not using a credit card is usually a bad financial decision.
- nadezhda18 10y agoI second you so much cashback is an awesome thing :)
- internaut 10y agoI don't think it is possible to disagree more. I'm planning (plotting?) my Tiny House. When I hear I need to build a credit rating I'm strongly reminded of the gamblers who claim they have a system.
- tonyedgecombe 10y agoIf you don't buy things on credit you don't need a credit rating.