I never did buy things on credit, I always paid for 'em, because I can't see much difference in paying for something and just waiting a week and pay interest on it; that looks foolish to me.
Sentiment: NEGATIVE
Credit buying is much like being drunk. The buzz happens immediately and gives you a lift... The hangover comes the day after.
When we make purchases on credit, they give us only an illusion of prosperity.
When credit is cheaper to use and easier to arrange, people do use more of it.
If you put a purchase on a charge card, you're paying it off forever. You have to know how to pay it off before you go deeply in debt.
It's an open secret that if a debtor is willing to wait long enough, he can probably get away with paying almost nothing, as long as he doesn't mind hurting his credit score.
I use a credit card for everything - and I choose one of the ones which gives you money back.
You don't realize how much you use your credit card not even to buy things. It's a card you get so you can navigate society.
Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.
When I was a kid, there were no credit cards. Instead, retailers offered layaway plans. My mom would go to a store, such as a furniture outlet, choose the sofa she wanted, and put it on layaway. That meant she put a little money down to hold the sofa, and every payday she'd pay a little toward the purchase.
Giving credit where credit is due is a very rewarding habit to form. Its rewards are inestimable.