What's really scary is the fact that many of these individuals don't consider the benefits and rewards of using a credit card -- free flights, cash-back, insurance and extended protection, and best of all it's not your money. You get to hold on to your cash for a month's worth of interest and you get fraud protection.
Credit cards are tool and, just like most tools, should be used with proper awareness and thought-process. None of the examples in the given article are fallouts of "using credit cards", but having runaway debt in the first place.
This article really just emphasizes the fact that we are living in an age of complete lack of personal responsibility and self-control, where you can blame an institution for your inability to spend.
Credit cards are tool and, just like most tools, should be used with proper awareness and thought-process. None of the examples in the given article are fallouts of "using credit cards", but having runaway debt in the first place.
This article really just emphasizes the fact that we are living in an age of complete lack of personal responsibility and self-control, where you can blame an institution for your inability to spend.