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Re: woot, credit cards just got a little less shitty
Posted: Fri Sep 25, 2009 3:25 pm
by Fender
Last car loan was 0% thanks to my credit rating.
Re: woot, credit cards just got a little less shitty
Posted: Sat Sep 26, 2009 10:14 am
by Fjoggs
Ryoki wrote:Fjoggs wrote:wth is credit scores =/
It's an evil system designed to reward people who manage their debt to the satisfaction of the financial institutions by offering them discounts on further loans whilst also simultaniously punishing both those who do not handle their debt well - as well as those who do not have debt at all - by (for instance) withholding those same discounts.
I have (got?) 2 credit cards and I've never heard of it. US phenomenomnomnomnom?
Re: woot, credit cards just got a little less shitty
Posted: Sat Sep 26, 2009 5:41 pm
by Scourge
Eraser wrote: I'm pretty sure people take loans for loads of other, less important things as well.
That's where the individual bad judgment comes in. It's these idiots that get themselves into a bind. If you're smart and only use it for the things that you really need, you're far less likely to end up over extended and drowning in debt.
Re: woot, credit cards just got a little less shitty
Posted: Sun Sep 27, 2009 8:43 am
by N|K
Credit cards are for suckers.
Re: woot, credit cards just got a little less shitty
Posted: Sun Sep 27, 2009 4:55 pm
by Grudge
Fjoggs wrote:Ryoki wrote:
It's an evil system designed to reward people who manage their debt to the satisfaction of the financial institutions by offering them discounts on further loans whilst also simultaniously punishing both those who do not handle their debt well - as well as those who do not have debt at all - by (for instance) withholding those same discounts.
I have (got?) 2 credit cards and I've never heard of it. US phenomenomnomnomnom?
yea, they really love their credit system, it's in their culture
just like how they export their national debt by printing new dollars, essentially their entire import is on credit, which is why China now owns a huge part of the US economy