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199

Very scary

Very scary

(post is archived)

[–] • 4 pts

Nearly three in five say that one of the toughest parts of becoming an adult was learning about how credit works (58%).

What the fuck is there to learn? Someone else gives you money, you pay it back over time with fees. The longer you fuck around, the more it will cost you.

[–] • 3 pts

Yeah, wtf. I learned the hard way about how credit works when I applied for my mortgage (fuck me) and had zero credit history. Evidently not ever borrowing money and paying for everything with cash is a red flag.

[–] • 1 pt

Seriously. You even get a grace period, before interest starts to accumulate. I make all my normie purchases/bill payments with my card; it's insanely handy for budgeting purposes / timing bill payments. I don't think I've paid a cent in interest, in years. Got like, $200 in air miles right now, too.

[–] • 4 pts

And they probably driver a nicer car than me too. /s

[–] • 2 pts

Niggers on welfare always seem to drive BMWs, Mercedes and Cadillacs.

[–] • 2 pts

I'd like to see the breakdown on that by ethnic group.

[–] • 1 pt (edited )

It's so pathetic. I can't really understand this behavior, it's so alien from my own. They buy things they don't need with money they don't have until they are at the very end of the limit of their credit, and then they stay there, paying the maximum amount of interest on the minimum payment of their debt, which dramatically reduces their total monthly income. Some of them are dumb enough to take out a second mortgage on their houses so that they can drive their debt up a little further.

It would be totally insane, except there is a glimmer of reason behind it. The useless liberal government is talking about forgiving these goldbricks their student loan debts, and other debts. If that happens, these grasshoppers will have proven craftier than the hard working ants who saved their money and denied themselves worthless junk from China.

[–] • 0 pt

Thinking about the compounding interest, alone, makes me cringe.