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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: How we raise our children Date:  3/21/2011  2:08 PM
Author:  Fuskie Number:  301464 of 312777

Sometimes one can be too afraid of credit. I was chatting online this weekend with a friend who is 23 and he was asking me about why his debit card might be rejected when subscribing to a monthly online subscription service. I was trying to explain to him why using a debit card for such a service was not the best idea and that he should use a credit card instead. He said he didn't want a credit card because they were too dangerous. This led to a discussion on the dangers of both debit and credit cards.

Who notes he didn't realize that he had already established a history of good credit usage when he took advantage of a short term tuition loan through his university his freshman year...
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