Quote:
Originally posted by Conskeeted7
Regardless of what anyone thinks, there are 18 and 20 year olds who can manage large amounts of credit. Some of them are able to use it to their advantage and come out on top of the credit game. Sure, there are thousands who don't do that, but it teaches them a lesson as well.
I personally got credit cards in college and used them at hard points in my life for straight survival. It was to the point where if I didn't have a credit card, I wouldn't have been able to put gas in the car to get to work to make more money. So, I needed it. I only have one card now because I paid off the others. However, I think that my experience with credit taught me how to use it more than any lesson from my parents or class, of which I had both.
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Yes, there are some people like yourself that has used credit wisely. I can and never will knock credit cards completely. However, it is more likely than not that some students that enter college don't know anything about credit. Sure, you learned mostly from experience, but you alos had a background in which you were taught by your parents and a class. Most people do not have that. I am sure that some of the information that you learned from home, school, or wherever about credit helped to shape some of the decisions that you made with your cards once you obtained them.
Credit is definitely a good thing once you get it and use it wisely. But we do need to acknowledge that a lot of people don't have some of the same life experiences. Some people do get the cards to help with gas (as you said), buying books and supplies, food, etc. But then there is always the problem of paying them back. Some people work the system, whiel others spend years working to pay the system back. It's hit or miss.