Credit can be a controversial issue. Some people view it as a necessary tool to get through life. Others avoid it like the plague. Some individuals cannot control the use of credit and are drowning in debt. How do you feel about credit? From what you have seen in your family and others, how big of a problem is debt? Do we make too big of a deal about people being over their heads in debt? Are most people able to control their use of debt? What do you think credit should be used for? (Please use correct grammar and post using only your first name and if needed, an initial)
My family is for the most part opposed to having any debt. My Parents have paid their home off, and don't owe any money on cars. They believe that the only reasons to get into debt are for education and a place to live. Even then, they believe that a modest home that fits the family's needs is as big of a home that should be borrowed for. As far as education debt is concerned, they think that we should simply do whatever it takes to get a degree is sufficient. They do not think that a vehicle is worth getting into debt for, just because an older, less expensive car can still get one from point A to point B.
ReplyDeleteDebt can be a huge problem in many situations. Expecially family it can lead to devorce or trying to borrow some family members money. I understand going into debt buying a housem, but get this straight a modest house not some huge mansion your never going to get paid off. I say the same thing for cars. There are some people who are avid spenders and cannot control their spending credit cards are not good!
ReplyDeleteCredit is necessary in our economy, but people overuse it. We should only use it for nonconsumable items such as houses, businesses, or vehicles. Many people think they have to use credit for everything, and that is when they get into trouble. They cannot control their buying and they think they will be able to pay everything off, but most of the time they can't. People are getting over their heads in debt and i think they need to learn to control themselves. And maybe the economy can go back up
ReplyDeleteWell credit cards are a good thing as long as you can control yourself. If you can handle money and tell yourself no, then yeah go for it, use a credit card. But if you can't control your money then stay away from it because it can be a very horrible experience with debt.So it is up to you if you want a credit card.
ReplyDeleteI think that credit is just another way for society to get over their heads, if we had no credit then we have no debt. My family does not have much debt if any, I think credit should only be used under extreme emergencies. I think for the most part people can control their debt, but if they get in then they cant get out.
ReplyDeleteAshley Estrada
ReplyDeleteCredit is a need to live in this world because everything you need in life really u can only get it with credit, but people really do go over their head because they think just because they have credit they can get what ever they want and thats why so manny people get in debt, i really think that they should make it easier to fix your debt because a lot of people suffer because their credit is bad and they cant get a house or things they need.
Some people don't have any control over using their credit cards thats why they get into debt. For my family we are responsible for what we spend on and how. I think that credit cards should be used for emergencies. So I think people do make to much of a big. Debt is a huge problem espesially in the U.S. I think that some are able to control their credit card problems.
ReplyDeleteUsing credit card is o.k. if you do not use it often.. Because of debt, credit card pushes you to borrow money and buy something more expensive than you thought it will cost.. The problem is debt is overusing.. With debit cards you can save more money and you cannot spend more than you already have on you debit card.. My family uses credit card and we never have problem with it. I use credit card a lot.
ReplyDeletei think credit sucks. it puts on big debt my step mom uses them alot. no. no. i think they should be used on emergencys only
ReplyDelete