With an auto loan, I can make months worth of payments in advance.
I wanted to rebuild my credit. I bough a car. put no money down and used that
down payment as a buffer payment paying a year’s worth of car payments.
this months auto payment is $0!!!! I control the rate of payment and debt.
Credit cards control you.

Don’t fall for the credit card scam. Useless thing’s like air line miles and “points” mean nothing if you suddenly find yourself without a job or to sick to work. In interest rate rape and late fee’s and over the limit fee’s and collection call’s are not worth it.

Yes, credit cards are like carrying a real sharp double edged knife in your pocket without a sheath. You’ll get away with it for a while.. but eventual you’ll get stabbed.

If you use it for the wrong reasons, then it is your fault and you shouldn’t blame others.
However, it is human nature and laziness to point the finger elsewhere but yourself.

I mean if you use the credit card for what its intended to, it acts as a way to leverage without costing you interest. The risk is put on the company instead.

I agree… just don’t get into credit card debt and be happy.
OR if you must… get into it when you are young bright eyed and it’s only like.. an ipod debt or so.

As for the populist approach — Either go all in or fold =)! socialism or capitalism woohoo~~ (jk kinda)

I recently wrote a similar article, if you don’t mind my sharing, Who’s to Blame for Your Spending? You or You? in which I addressed this sort of complaint.

Regardless of studies conducted on the tendency for credit card users to overspend, it all still boils down to one thing: choice. Credit card companies don’t force you to spend beyond your means nor refuse to let you pay your bill in full each month; it’s all on the consumer.

I have every right to be an angry taxpayer when these corporations are not profitable and screw up their balance sheet badly that we have to give them billions to stay afloat.

I have every right to be an angry shareholder when despite these bailouts, my shares become virtually worthless.

I have every right to be an angry customer when despite good credit, pay on time for five years, they raise my interest rate despite the Federal Reserve rate is near zero.

Sure these corporations can be profitable. Especially if they get to my wallet any way they can.

You know, I think anyone who complains about their own credit card debt as if they didn’t have anything to do with it, probably would blame the knife.