Originally Posted by 2gr84u
I think if credit is used wisly its an effective way to handle large purchases. Also, with out a credit card of some sort, its hard to purchase things in a world where a good credit rating is becoming more and more importent
I agree and disagree. I have never had a credit card, but my credit score is over 800 (barely). I have just used my finances wisely, paid every bill in full every month, and never went past a 35% outgoing to incoming.
Originally Posted by Master Yodub
I feel the same way, but sometimes there are things you need or emergencies where you don't have the cash to cover it at the moment.
Well I agree in most cases, but I think that if something ever did happen, I would go to the bank and get a sig loan or a second mortgage before I got a credit card. Lower APR over a longer period of time, and more flexibility in general.