Credit Cards Don’t Kill Credit Ratings, People Do

NRO Corner ^ | May 28, 2009 | by Jim Manzi

[Niteranger68]

Greed is a bit more than that, FRiend. It's contrary to the natural law. It's a moral vice. In other words, it's social cancer.

The very idea that you should be able to determine how much wealth another person earns and keeps is the real social cancer.

[MrB]

Greed is the love of money.
There is no sin in having, earning, and keeping your own wealth. God loves a cheerful giver, not one that is coerced.

True greed is the violation of the 10th commandment to not desire the possessions of others. Violation of this commandment is the basis of the leftists’ ideology.

[DoughtyOne]

Please consider...

You’re not making much money. You own an older car. Your credit is okay, but not great.

You’ve got a wife and two kids. You work at a steady job, but you’re not making big money, just enough to get your family by. You pay your bills on time, but things are tight.

Last year your transmission went you and you had no choice but to put repairs on one of your credit cards. You really didn’t want to, but you’ve got to be able to drive to work.

Your monthly credit card payment went from $25 to $175. Your family is short on cash. The wife was laid off. Kids need new clothes...

Look, we can sit here and talk about paying 15% instead of 2% all we like, but in the real world it doesn’t always work that you. For you and I, yes. For others, no.

The solution to these problems is not always a glib comment about the card holder making stupid choices or failing to pay off the account sooner because that would be better.

I suspect card holders have a brain too.

[GOPJ]

I have several credit cards thank you very much. And I don’t use them until I know I’ll be able to pay off the full balance at the end of the month, so I frankly don’t care what the interest rate is, I’m using them to get float on my money.

I do the same, but here's the bad news. Obama and friends are talking about changing credit card rules so people like us have to start paying interest from the day we change an item. Some say we're "getting a free ride". Anyhow, if they do that, lots of us will be switching back to old fashioned checks.

[dfwgator]

I do the same, but here's the bad news. Obama and friends are talking about changing credit card rules so people like us have to start paying interest from the day we change an item. Some say we're "getting a free ride". Anyhow, if they do that, lots of us will be switching back to old fashioned checks.

Great way to jumpstart the economy...NOT!