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Well, just because one can't pay off a CC charge in a single month doesn't necessarily mean that one couldn't afford it. It's not immoral to buy something if you know you can pay for it in the near future. It's an advantage for the consumer if the purchase is time-sensitive where having it now as compared to three months from now is significantly different. (Example: buying a suit for a job interview.) Same idea as buying a home or car, on a smaller scale.

The immoral part comes if you're buying something with no plan for when you'll ever pay it back or where the money will come from. My own parents are in just that situation. They've been unemployed for about four years, have spent $280,000 from home equity and $50k from credit cards, and as far as I can tell, just plan to keep doing that until they've exhausted all possible credit avenues and file bankruptcy.

- Erik
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