Credit cards starting to go bye bye (funds, rent, rates)
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credit card lending IS going away for high credit risks. the banks now know that the government is no longer in a position to pressure them to lend to deadbeats. there would be a serious backlash if the credit card companies started bad loans up again.
oz, i like your hopeychangeness DAMN IT! i wish someone would make a bumper sticker with that and sell it!
No big loss. We should go back to the days of saving for what you want. If you can't pay cash then you can't afford it. It's a simple concept and we would all be better off if people respected money more.
I couldn't have said it better. I'm 57 and have no need for a credit card. I use my debit card for convenience but don't believe in buying anything on credit other than a vehicle or real estate.
I thnii taht credit cards are chnaging for the future ans easy credit is gone pretty much.I thnik those with a bad crdit history or a income to debt ratio are in for a real shock.When vehicle drys up to many then you knw that credit is changing.
I couldn't have said it better. I'm 57 and have no need for a credit card. I use my debit card for convenience but don't believe in buying anything on credit other than a vehicle or real estate.
Using a debit card over a credit card is a very bad move on a couple different levels.
I have a debit card, but I never use it, except as an ATM card. If I need to use a card for anything, I'll use a credit card, then just pay it off. I feel safer that way. If someone steals my credit card #, the worst that'll happen is that I'll report it and hopefully get reimbursed. If someone has access to my debit card, they'll have the ability to tap into my bank account, causing bounced checks, unauthorized overdraft fees and all kinds of mess.
Wow! waiting to buy something till you can actually 'pay' for it, instead of just because you 'want' it. What a concept. Kinda reminds me of the way things were done that built a great country.
Plastic is not only a pollution in the environment, it has polluted our economic future.
Only by those who are and wil be paying a price how. To those that used it correctly credit cards are a useful and even good thing. It like all credit as used by busimess all the time can be a huge advantage in living.just the amount of time not dealing with checks and the discounts is worth it to me. But then I use them like a shortline of credit and always pay them off.
i agree that you can have credit cards work for you. they are convenient when renting cars, hotel rooms, etc., and if you pay your balance in full each month you can get some pretty nice rewards. i have received a vacation with my points and some things for the home.
my mailbox is jammed with invitations. i am not seeing the death of credit cards, not happening here for sure.
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