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Article #7711

Re: Yet another bad credit question

#7711
From: Marni Klein
Date: Thu, 28 Sep 1995 00:00
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In article <447obt$5pe@taco.cc.ncsu.edu>,
Steven J. Crisp <sjcrisp@unity.ncsu.edu> wrote:
>Glen Roberts (glr@ripco.com) wrote:
>
>: : What bullshit.  Credit cards aren't the slippery slope to financial ruin,
>: : idiotic use of credit cards is.  There's a huge difference.
>
>: Why must be always think that it is necessary to live beyond our means?
>: The *MAIN* benefit of credit cards is for the bank executives that earn
>: huge salaries, the stockholders, and businesses that can snooker you
>: into buying more on impluse.
>
>HUGE error of logic here...If you never live beyond your means then I 
>would suspect that you would never take out a mortgage or a car loan. Nor 
>would I expect you to ever purchase a major appliance or institute 
>significant home repairs on credit.
>
>The "*MAIN*" benefit of credit cards is for the convenience of the user. 
>If the user abuses that privilege, then he has only himself to blame. 
>Further, if one pays off the outstanding balance every month then what 
>makes credit cards any different from using cash?
>

You tell 'em!

We had this exact same argument here a couple of months ago and I got 
flamed badly, I am still a little crisp arounf the edges.

If only people would take responsibility for their own action!  It is not 
as if the corporate bad-boys are twisting your arm to buy that car or 
that suede jacket!  Many people live on public transportation or a 
clunker they paid cash for, just because someone is making a profit, 
doesn't mean it is a bad thing.  Crack is a bad thing...credit isn't.
-- 
Marni - mklein@nyx.cs.du.edu                           
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From: mklein@nyx10.cs.du.edu (Marni Klein)
Subject: Re: Yet another bad credit question
Date: 1995/09/28
Message-ID: <44fp37$koa@nyx10.cs.du.edu>
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references: <440ugc$nig$1@mhafn.production.compuserve.com> <4422ji$m1i@news4.digex.net> <DFExM8.A19@rci.ripco.com> <447obt$5pe@taco.cc.ncsu.edu>
organization: University of Denver, Dept. of Math & Comp. Sci.
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