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I agree. When used properly, credit cards are unbelievably useful for consumers & businesses alike. The blame should lie on the person who makes the poor decisi
by fallentimes 18y ago
I agree. When used properly, credit cards are unbelievably useful for consumers & businesses alike. The blame should lie on the person who makes the poor decisions with the credit cards, not the credit cards themselves.
- eru 18y agoThough credit cards can be replaced by less dangerous debit cards for most of their functions.
- fallentimes 18y agoActually, debit cards are significantly more dangerous (when talking about external events, not accountability). The amount of liability you have + paperwork in the event of fraud is exponential compared to credit cards.
- eru 18y agoI do not know if we are talking about the same thing. But I configured my debit card not to be able overdraw my bank account and I make sure that there is always not too much money in it.
- fallentimes 18y agoYou're talking about money management; I'm talking about fraud and liability. http://www.consumer-action.org/english/articles/understanding_debit_cards/ http://www.consumer-action.org/english/articles/understandin...
- eru 18y agoYes. I agree. (Edit: I have read the linked article. The debit card system is somewhat different in Germany, where debit cards are much more widespread that credit cards. In fact credit cards are still somewhat of a rarity while everyone seems to have a debit card.)