Quote:
Originally Posted by freemkt
So if you have a minimum wage job and good FICO, then you end up in hospital and are unable to work for a year, you suddently went from handling money okay to handling money poorly?
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I have to agree here. In fact, the only reason I'm keeping my credit card (and paying it off every month) is in the extremely unfortunate event that I lose my income for a long time and my emergency fund runs dry. I'm not ashamed to go into debt in that event.
That said, it certainly does not sound like the original poster is in that camp, but maybe I'm wrong. I'll go into debt to keep myself and my family from starving, I won't do it to keep up with my neighbors and/or family.