Dennis and I haven’t had a credit card in 5 years.
Credit is bad. There isn’t good credit and bad credit. There’s only credit. If you owe it, you really don’t OWN it. So, anything purchased with a credit card isn’t really yours until the balance is paid in full.
What do credit cards and drugs have in common? They’re both evil. They suck you in and make you believe you can’t live without them. The credit card marketers are as evil as the drug dealers, offering you more and more. I hear college students telling me they need to get a credit card so they can build their credit.
A credit score is really a debt score. The higher the score, the more debt you typically have. Yes, I acknowledge that having a good credit score is better than having a bad one, but the reality is…credit is dangerous. When you have access to it, it gives you a feeling of power. You believe that you really are able to buy that “thing,” even though if you had to pay cash, you’d never be able to get it.
There are over 2,000 verses in the Bible on the subject of money and less than a 1/4 of that on love and joy and salvation. I guess God knew we were going to have trouble handling the topic of finances so he packed his Good Book full of wise advice.
Cut up the credit cards. Live on what you can truly buy. I’ve got the wounds from the access to credit. They take a long time to heal.