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The Water Cooler
General Discussion
Credit card limit cut in half.
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<blockquote data-quote="jakeman" data-source="post: 3374383" data-attributes="member: 10690"><p>Poor use of credit is a problem.</p><p></p><p>Using credit wisely is very powerful.</p><p></p><p>I know people that don't like to use credit. To each their own. </p><p></p><p>I'm pretty debt adverse, but I have credit, and I use it wisely. </p><p></p><p>When I was younger I generally carried a small balance on a card or two, but I haven't done so in many years. When you're making chump change and need new tires or a automobile worked on, like brakes or steering, and you haven't had a chance to sock that money away yet, revolving consumer credit can literally be a life saver. </p><p></p><p>I build houses as a side gig, and without credit, I couldn't put that extra money in my pocket from the sale of 2-3 houses every year, which is often times a substantial amount of money per year. </p><p></p><p>I'd say that poorly utilized revolving consumer credit is a pretty issue. Just like gun control, those that want to abolish revolving consumer credit would choose to punish the innocent to protect the few idiots that can't use their credit wisely. I'm not down with that.</p></blockquote><p></p>
[QUOTE="jakeman, post: 3374383, member: 10690"] Poor use of credit is a problem. Using credit wisely is very powerful. I know people that don't like to use credit. To each their own. I'm pretty debt adverse, but I have credit, and I use it wisely. When I was younger I generally carried a small balance on a card or two, but I haven't done so in many years. When you're making chump change and need new tires or a automobile worked on, like brakes or steering, and you haven't had a chance to sock that money away yet, revolving consumer credit can literally be a life saver. I build houses as a side gig, and without credit, I couldn't put that extra money in my pocket from the sale of 2-3 houses every year, which is often times a substantial amount of money per year. I'd say that poorly utilized revolving consumer credit is a pretty issue. Just like gun control, those that want to abolish revolving consumer credit would choose to punish the innocent to protect the few idiots that can't use their credit wisely. I'm not down with that. [/QUOTE]
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The Water Cooler
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Credit card limit cut in half.
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