This is how people get in financial trouble!
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| Wayne_Cowdrey |  | ... | 28-04-2010 @ 14:49 |
 Still got a little bit of strength Member 400, 22054 posts | What's wrong with good old-fashioned "saving up" for things? I don't have a credit card and have no intention of ever having one. Live within the budget that you have. | ||
| JC | | ... | 28-04-2010 @ 14:57 |
 technical retard Member 172, 36827 posts SQ 310, BP 205, DL 335850.0 kgs @ 108kgs UnEq | Wayne_Cowdrey said:What's wrong with good old-fashioned "saving up" for things? I don't have a credit card and have no intention of ever having one. Live within the budget that you have. A volcano erupts, no flights are running, your stranded with your wife and 2 kids in Spain for a week You cannot access your ISA/you need a weeks notice for getting cash out....... Your kids cant stay on an airport floor for a week. I'll take the CC thanks | ||
| brynevans | | ... | 28-04-2010 @ 14:59 |
 Scotbasher - forever Member 59, 2115 posts | Wayne_Cowdrey said:What's wrong with good old-fashioned "saving up" for things? I don't have a credit card and have no intention of ever having one. Live within the budget that you have. I agree its far too easy to get into big debt if it's freely available. The irony is you are perceived as a risk if you never borrow and always save up for things when you say apply for a mortgage they want to see a track record of repaying debt. | ||
| Wayne_Cowdrey | | ... | 28-04-2010 @ 15:11 |
Still got a little bit of strength Member 400, 22054 posts | JC said: A volcano erupts, no flights are running, your stranded with your wife and 2 kids in Spain for a week You cannot access your ISA/you need a weeks notice for getting cash out....... Your kids cant stay on an airport floor for a week. I'll take the CC thanks That's an extreme example. I was referring more to everyday life - the "stick it on the credit card" attitude, leading to "s**t, I'm in debt". | ||
| Steve | | ... | 28-04-2010 @ 15:37 |
nothing to hide, please follow my life on webcam Member 255, 3732 posts | One advantage of credit cards. If you buy something cash and the company goes bust before you receive it you probably loose your money. If you buy it with a credit card, the creit card company will usually have to give you your money back | ||
| Col_Austin | | ... | 28-04-2010 @ 15:41 |
99.8 340/220/335 895 Member 1002, 1560 posts | Wayne_Cowdrey said: That's an extreme example. I was referring more to everyday life - the "stick it on the credit card" attitude, leading to "s**t, I'm in debt". Paying for anything on the internet, paying for any sort of travel, or hiring a vehicle. Three everday examples of things I wouldn't even consider doing with anything other than a credit card, because of the security and insurance it provides you with. | ||
| Cuddles | | ... | 28-04-2010 @ 16:49 |
 Eat.Cycle.Sleep.Win Member 2, 12511 posts SQ 190, BP 150, DL 280620.0 kgs @ 99kgs UnEq Administrator | JC, Steve and Col all make valid points. I know people who buy EVERYTHING on credit cards and get some pretty good cashback deals, they also never pay a penny interest. My dad wont buy something on his card that he doesnt have the money to pay off that month but will always put it on the card for the insurance purposes. He has been on free holidays with the points he's earned. | ||
| Rick | | ... | 28-04-2010 @ 19:25 |
 I am a bench-only guy Member 3, 10035 posts SQ 185, BP 175, DL 235595.0 kgs @ 140kgs UnEq Administrator | I take exactly that approach - everything goes on the card, everything gets paid in full on the due date. | ||
| OdiousSlob | | ... | 28-04-2010 @ 20:27 |
Bell end Member 1271, 432 posts | I have never owned a credit card. I only used to use cash until a couple of years ago. Now I just use my debit card and check my online banking to keep track of s**t. | ||