Quote:
Originally Posted by IndyNova
if you have the cash, why do u need credit? suppose you have something unexpected happen, and you had 5 grand out on credit cards, and you were unable to pay it, what then? if you had just paid cash, then no worries right? I mean, how many people now have to worry about paying for the christmas gifts that they bought? I guess from my p.o.v, after seeing how hard it is to crawl out of the hole credit can put you in, i just as soon not need the burden or credit cards.
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I see your point, but say you want to buy a house...do you really have that much free money that you can just buy it? Those types of big ticket items you need credit to get and the better your credit the better the interest rate, etc. If you can go out and pay cash for a car or daily items that's awesome. A lot of people seem to see a lot of credit as good credit, which just isn't true. You can make small accounts work really well for you if you play your cards right.