life without credit

I do not have a creit card, and both my bike and car are paid off in full

Never bought anything on credit, but then I'm a youngster(24)! No credit card or mortgage. Never want to either, don't like the idea of buying on credit and don't really want to see myself tied down to a mortgage any time soon!
I'm pretty good at saving, well I was until I bought the SV and now seem to splurge cash on anything bike related.

I have a credit card and use it for
:- on line purchsase
:- anything in a shop over about £5
:- all fuel
:- all cars and bikes Ive ever bought

I have had it for over 30years and never paid a penny in interest.

Many years ago my bank wanted to charge for the privalage of having one so the lost my business.

Ive not paid any bank charges since I left college either.

Oh how the greedy b******* must love me!

Only thing we have is a loan and the mortgages.

[timwilky]

yes I have a credit card, but it is paid up each month. I only use it for work hotels etc. which I then claim on expenses.

House is paid up, bought bike cash, do not own a car

I usually pay the credit card bill off at the end of the month (unless I forget). I don't usually buy anything on credit, unless it's interest free. I've got some furniture on 0% at the moment, but the cash is in the bank ready to pay for it. I don't have a mortgage on my house, but I do have one of my flat in London. Both bikes and the car were bought for cash.

So whose is this credit mountain... I don't have a credit card neither. But my business has an overdraft to fund work in progress that I can't yet invoice. I wish it didn't, but I don't have deep enough pockets to fund the business as well.

all my credit is for things for the house eg sofa ,windows ,doors ,bed due to being newly weds and getting first home together, no cards ,bike paid in cash (all of them) even the cars ive owned were paid up front, tbh it was a nessity to have credit but i truely wish i could have done it without it, but such is life

[Bibio]

mr preston seems to have the idea.

so what everyone is saying that they have never bought a sofa, carpet, bed, or other stuff on credit because they have not had the funds available at the time of purchase?

btw 0% is still credit so are store cards.

Originally Posted by Bibio

mr preston seems to have the idea.

so what everyone is saying that they have never bought a sofa, carpet, bed, or other stuff on credit because they have not had the funds available at the time of purchase?

btw 0% is still credit so are store cards.

Whats so wrong with credit anyway?
As long as you can afford it.