3 ms·

Debit cards are a fraud? Living on borrowed money is a fraud.

• passerby1 5y ago
  How about the printed money?
• eyelidlessness 5y ago
  It’s a scam that: 0. for many aspects of life you need positive credit history to live at all 1. debit cards don’t help you build credit 2. secured credit cards (your own money! not borrowed!) do 3. both function almost the same way, but the latter is much less equally available And if you think “living on borrowed money is a fraud”, I suppose that means you think only independently wealthy people should own homes? Nearly no one could afford to buy a home anywhere without a mortgage.
  • rhengles 5y ago
    That's a kinda chicken and egg problem. I could argue that the more financing you give to people, the more they're gonna be willing to pay, so this actually drive prices up.
    • deleted 5y ago
      [deleted]