12/06/2005

JUST SAY NO!...To Credit...

It seems like every time you go into a store, you are inevitably asked if you would like to receive a wonderful store credit card...and after a while, sales clerks can become very pressuring, and that's why this credit article was so appealing to me. The author of this article basically highlighted that while many stores can lure you into getting credit from them, it is often at your expense, and their gain. So what if you can save _%? You still have to pay that purchase back, and if it's late, you'll have to cough up hefty interest charges. I don't like this tactic, because many young people can be attracted to upfront discounts, etc., but truly have no business getting a credit card. It's amazing, who they'll extend credit to! I can't stress enough how important it is to spend less than you make. It is a simple, universal principle that will help you attain things that money can't buy...freedom, security, and peace of mind!

4 comments:

Anonymous said...

Are you crazy! You are meddling with credit companies power over the American consumer?
Now that the have the federal government as their collection agency they will give credit to my cat. (who died last year).

Dr. Tufte said...

I'm guessing this is comic relief ...

will said...

I think credit cards are good for every one because its save you money when you exstablish good credit. Those without good credit don't have a say in our modern market. Credit cards teach you the basic leasons of how to spend money and how to budget. So you see my friends why not have a credit card as your number one card in your pocket.

Dr. Tufte said...

-1 on Will's comment for grammatical and spelling errors.

I agree with your point, but I think we need to recognize that - just like other things that get abused - a small minority accounts for most of the problems.