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Destigmatize Bankruptcy.
(lemmy.ml)
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this post was submitted on 01 Nov 2023
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Hmm let me see, buy groceries on credit, or buy no groceries and starve to death, i guess I'll juat starve to death lmao. Glad life is going well for you friend!
Unless your spending outweighs your earnings (in that case not even credit cards will help you), there is no reason to use credit.
I'll play devil's advocate here: I'm on the side with destigmatizing credit cards, as it just propels the bank's wallets with interest. But if you don't have money, and absolutely must get on credit to hang on to your life, I think you should, but you should also work toward repaying the debt you've grown.
Edit: I'm actually curious as to why I got down voted, maybe I'm wrong somewhere, so take it with a grain of salt ...
Really the only good thing about credit cards is it helps raise your credit score. I only use them for that to be able to get a decent apr on a loan.Otherwise i would never use them.
There are more benefits to credit cards, but if you don't pay them off every month pretty much all pros are massively outweighed by the cons.
People are being stupid in this thread and downvoting you. Credit cards are designed to make poor people SUFFER! There are better ways to avoid starving
Agreed. Food banks are literally designed for this scenario. They exist to help people put food on the table. Few scenarios actually require credit cards. No shame in accepting help when you need it. And you can always donate later when you're on your feet. You cant ever give back if you're dead from starvation.
I use my debit card for almost everything and use my credit card for small things to keep the usage low if i use it at all.
True there are more. I just typically dont use it otherwise i would rack up more debt. Using my debit card is the best way for me to track my finances.
You gotta find a good one that gives travel rewards or something. We've had a few vacations with free flights because of ours. Of course you should only spend what you can pay off in a month but it still adds up
TRAVEL REWARDS??? We're in a conversation about people starving, and you're like "oh but this one gives you a free flight to Jamaica"
If those are your only two options, buy the food. But let's be honest here, Americans aren't in $1 Trillion dollars of credit card debt because of groceries.
Nope, that would be because of rampant consumerism being sold as the solution to depression.
I agree, but ultimately it is the individuals decision to engage in rampant consumerism and accumulate debt.
Yeah cause getting into crippling debt is a totally conscious choice /s lmao
With the exception of debt from unexpected medical costs , yes it is a conscious choice.
Lmao no it isn't.
Could you elaborate?