What's wrong with taking things on credit
it has such a bad reputation. i find it cool you have an option to buy things u could not immediately afford
26-30, F
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CrazyMusicLover · 31-35
The problem I have with buying on loan is that this behaviour pushes prices up because sellers know people are willing to spend above their means. It puts people who only want to pay with money they have into disadvantage. Maybe it's not such a problem with credit cards but it's definitely a problem with mortgages and prices of properties.
Fertilization · 36-40, F
eMortal · M
Take credit to buy a property or to expand your company. That's essentially using someone else's money to make money.
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Pfuzylogic · M
True and your income will go up as you get promoted.
NinaCherry · 26-30, F
@Pfuzylogic sarcasm??
Pfuzylogic · M
@NinaCherry
No…I take you as being serious here. When I taught High School and started at 18k and within 10 years it was 54k so a credit purchase would make sense.
No…I take you as being serious here. When I taught High School and started at 18k and within 10 years it was 54k so a credit purchase would make sense.
SinlessOnslaught · 26-30, M
Just be responsible about it and it's a luxury.
Justenjoyit · 61-69, M
If if can find a deal where the company is selling things for interest free credit thats good, otherwise check the interest rate for taking out the credit.
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NinaCherry · 26-30, F
@WolfGirlwh0r3 yeah so people are abusing this system but the concept is great
WolfGirlwh0r3 · 36-40, T
@NinaCherry OH hell yeah the program of using credit to buy things you cant afford in full right away is amazing, BUTT the banks give credit to those they know cant afford to pay it back to keep them indentured for life!
NinaCherry · 26-30, F
well what do the banks gain from not getting their money back lol
but a lot of people do fall in problems with their debt which is i guess why it has such a bad reputation. but i like this concept. i personally i dont do loans because i dont trust myself to be paying it regularly or i am afraid i will fall on hard times
but a lot of people do fall in problems with their debt which is i guess why it has such a bad reputation. but i like this concept. i personally i dont do loans because i dont trust myself to be paying it regularly or i am afraid i will fall on hard times