![(((Credit))) [305x392 - 33KB]](https://pic8.co/sh/yzsCHW.jpg){kind=link}
Sure. It can be. But anyone who can beneficially use it: doesn't need it. Those who need it, are predatorily (???) gone after by (((creditors))).
Then how banks will fuck around with deposit timings vs withdrawal timings to force (((overdraft fees))). Then there are the NUMEROUS time in just the last decadeish where banks were caught just removing money (credit) from people's accounts or just charging things onto their credit.
So sure. Credit COULD be good. But it's not.
But anyone who can beneficially use it: doesn't need it.
That's not true at all. I had a recent offer from AMEX to float me all purchases interest free for 12 months. No fees. I was already thinking of buying some camera stuff so I did. ~3500 same as cash from them.
So instead of paying cash, I can now keep that $3500 invested. 12 months from now I can pay off the loan balance and be up the money I made investing.
Sure AMEX makes these offers because they think people will either not make min payments or carry a balance beyond the promotional period, but if you're smart, you won't do that.
So instead of paying cash, I can now keep that $3500 invested.
Like I said;
doesn't need it.
NEED
You in no way need it. Now I'm not wholly forgiving those who make bad decisions to put them in places where they sustain off of credit. But I'm unwilling to say the way credit is handled is acceptable or good.
Ah, okay. I see more where you are coming from now.
So how would you handle it?
People have to have an incentive to loan money, otherwise why would you do it?
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