Comment on It's important to get a good interest rate

• BarrelAgedBoredom@lemm.ee ⁨4⁩ ⁨months⁩ ago

  Have you ever been poor? Yes, sometimes you need credit to live. I’m still paying off debt from 2020 that I only acquired due to desperation and the threat of homelessness

  source
• 520@kbin.social ⁨4⁩ ⁨months⁩ ago

  It can be. Depending on the circumstances in life you are in, credit may be the only way you're able to pay for food.

  source

  • Gigan@lemmy.world ⁨4⁩ ⁨months⁩ ago

    You can’t do that forever though. Eventually you’ll run out of credit and have to pay for it yourself. And by that point you’re probably getting crushed by the debt from a maxed out card, that you’d have been better off not using in the first place.

    source

    • papalonian@lemmy.world ⁨4⁩ ⁨months⁩ ago

      You are saying this like they are not aware… like telling a drowning person that if they don’t stop breathing water they’re gonna die. The point is that using credit in the first place isn’t always a choice. Just because it is for a lot, maybe even most people, doesn’t mean there aren’t a lot of other people for whom it isn’t.

      source
    • IamtheMorgz@lemmy.world ⁨4⁩ ⁨months⁩ ago

      You’re right, they should have just starved instead! So enlightened, thanks for setting us all straight!

      source
• IamtheMorgz@lemmy.world ⁨4⁩ ⁨months⁩ ago

  The only people who don’t need credit to live are rich enough that money will never be out of their reach.

  source