|
I wouldn't say credit is evil. You need to have good, if not great, credit to get a house and car in ways other than buying it with cash. Credit card companies give kids high limits because they know the kids haven't been taught (in most cases) how to budget, etc. It's like how the ATMs in casinos have higher withdrawal limits (and fees) than the ones in say, malls. They know their audience is filled with suckers.
Also, if it hadn't been for credit and credit cards (paid off!), I have no idea how I would have swung studying abroad.
|