That's all fine and dandy wisdom. But, there is a legitimate need and use of credit. What's happening now is nothing short of legalized loan sharking. But, it's OK because the loan sharks have nice upstanding names and make contributions to political campaigns.
I know a hardworking fellow who confided in me that he got caught up in this kind of credit scam. Those smiling faces turned to vampires once he was over the barrel.
Clearly, the American public should be protected from such shenanigans. Sure, you can say "Buyer beware, etc". But, I'd like to know how many of you who have a credit card have actually read the fine print of the agreement you have as a borrower, and read the fine print of every document sent to you by your credit card company that might have hidden in it that the rules have changed.
If congress wants to do something for the American people, it should set a maximum interest rated tied to the prime rate.
But, instead loan sharking is legalized, as long as its done by the right shark.
I think it all boils down to who is right? All the broke people who use and advocate the use of credit cards or credit as a tool; or God when he inspired Solomon to write those words and obviously has a disdain for debt?
“But, I’d like to know how many of you who have a credit card have actually read the fine print of the agreement you have as a borrower, and read the fine print of every document sent to you by your credit card company that might have hidden in it that the rules have changed.”
I’ve always read and understood every word ever given to me by sny company that i’ve ever been involved with.
Anyone that doesn’t desreves whatever befalls them.