To be fair, there is a reasonable argument against credit in the sense that if EVERYONE was financially responsible, there would be no means for credit card companies to make money.
Someone above said something about people who pay their credit cards on time are subsidizing the others- it's really the other way around. If there wasn't some chump paying 29% interest on their card, then I wouldn't be able to get crazy credit cards that don't charge me any interest and give me 2% cash back on purchases and sign up bonuses etc
Someone above said something about people who pay their credit cards on time are subsidizing the others- it's really the other way around. If there wasn't some chump paying 29% interest on their card, then I wouldn't be able to get crazy credit cards that don't charge me any interest and give me 2% cash back on purchases and sign up bonuses etc