Quote:
Originally Posted by Vendor
Do you think it is better to buy or borrow on credit?
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There's a place for both. Putting a takeout pizza on a credit card is stupid. Taking out a 30 year mortgage at 4.50% on a home is sensible. Buying furniture on one of those "no interest so long as it's paid in full in 12 months" is a nice way to get what you need. Going on shopping sprees for video games, clothes and other luxuries is dumb.
People need to be more disciplined and thoughtful of how they use credit. Just because it's available, doesn't mean it's a good idea.