life without credit
 

look around you and see what you have that you purchased on credit in one form or another this includes anything purchased on credit cards, loans, re-mortgages etc.etc.

now look and think what you would have without the credit.

your home is not included in this but your car, bike, carpets, kitchen etc.etc is included.

would you have the things you have if you had to save and buy them outright at time of purchase?

how would your lifestyle be at the moment without credit?

are you one of those people who dont have credit in any form apart from your mortgage?

....................................

Re: life without credit
 

*Nervously raises hand while looking round the room to make sure someone else is too...*

I use credit cards for the convenience and buyer protection, the bill is paid in full every month and I don't (usually) spend more than I can afford

No mortgage, bought the SV on 0% but had the cash saved before I walked into the shop

The only form of loan I have is ~£10k in student loan, but I've saved enough since university to pay it off several times over, only reason it remains outstanding is that it's effectively 0% so better to put the cash into savings and earn money on it than pay off the debt

Parents always said, save for a house or possibly a car, if you can't afford it you can't have it, seems like a pretty simple rule to follow...

Re: life without credit
 

good man TLW.. did you grow up in the 70's?

Re: life without credit
 

You might think so given my taste in music but no...:p;)

Vintage 1984 here mate:smt080

Re: life without credit
 

lotta lurkers, no takers.. hhhmmm must be a bit shy on their spending habits.

Re: life without credit
 

i use a credit card but pay it off every month (if not sooner), no other credit.

Re: life without credit
 

I use credit cards for large purchases but only at 0% rate then balance transfer it about.

Re: life without credit
 

credit bad, saving good young skywalker

Re: life without credit
 

I do not have a credit card.

Re: life without credit
 

One thing to consider, what about saving for a large purchase and you die before you get chance to experience it, i knew someone who really wanted a saab, put it off for ages, mainly for finance reasons, dropped down dead at work aged 38.
Live for today dudes within reason, you might not be here tomorrow to enjoy the fruits of your savings.

That is all...