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Author: LeeSc Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308694  
Subject: Re: Credit card, using them to build credit Date: 12/9/1999 11:01 AM
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<<Not many agree with me, but I say live within your means, buy only what you can afford for cash, and the idea of a credit rating will be irrellevant. Establish an emergency fund, and you will have your own self-financing loan pool against which to take a "loan" against your own money.>>
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johnmoni,
I agree with you in principle. It is best to rely on your own cash, rather than credit. However, do you not agree that credit is important for major purchases, such as a house, or car.?

I realize that some may be able to save enough for the car, but a house is another matter. Not many of us can save $100,000 or more to plunk down on a home. It would take too long to be feasable.

Foolishly trying,
Lee
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