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Counterpoint, my partner got very sick and I burned my savings then borrowed money from every source I could, including credit cards. I knew I was accepting awf
by xnyan 6y ago
Counterpoint, my partner got very sick and I burned my savings then borrowed money from every source I could, including credit cards. I knew I was accepting awful terms, but they gave me money and that’s what I needed at that moment and it was the only way I could get it.
I’m not asking for pity, I knew what I agreed to and I’ll pay it but sometimes high interest revolving credit (credit cards ) only choice you have.
- imtringued 6y agoAs long as it's not a pay day loan everything is fine. If you need liquidity then credit cards are a perfectly sane option. What I never understood though is why you would use a credit card when you don't need to borrow money, which is how most people use them.
- ilammy 6y ago> why you would use a credit card when you don't need to borrow money To build a credit score. When everybody lives in debt, it is expected for you to do the same.
- timwaagh 6y agomy bank just tops it up after each month. no interest gets charged. i mostly use it abroad and for online purchases.
- mrep 6y agoI get like a $1000 a year in cash back using credit cards and they all charge no annual fees and I pay everything off in full automatically so I never pay any interest. Add in the consumer protection and the fact that it builds your credit giving you better mortgage/auto loan interest rates, why on earth wouldn't I use credit cards?
- kungato 6y agoThat's not really a counterpoint. You had a rare situation and would have taken money from anywhere I guess