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What does "just not equipped for credit cards" mean?

• cheese4242 7y ago
  Likely means that they have difficulty paying off the balance every month and incur interest charges. Because most credit cards offer some sort of cash back/reward for every dollar spent, they are great if you can pay off the balance 100% of the time. However, if you get hit with interest charges even once, it can wipe out any benefit you gained from the cash back/reward bonus. In such cases those people might be better off using a debit card or other means.
• Sohcahtoa82 7y ago
  Poor self control. They'll spend money on a credit card without considering whether or not they'll be able to pay it off in a reasonable amount of time. In some cases, they have negative cash flow but don't realize it because they haven't sat down and truly inspected their budgeting and spending. They're constantly deciding which bill they can choose not to pay so that they can still make rent. They think getting a credit card will give them breathing room, so they get a one and slowly the balance creeps up, or it jumps up because they suddenly think they can afford that fancy $2,000 TV.