But on a more serious note, debt is evil. It's a chain around your neck. I work as a loan originator and I see first hand the destruction that poor financial management and access to debt cause. People ruin their lives with credit cards.
I have zero doubts about that. Many cannot handle financial responsibility. Or have the means to. And when they do, they very often don't. I can buy a small house on my Amex, but never have. FICO >800 for us.
But on a more serious note, debt is evil. It's a chain around your neck. I work as a loan originator and I see first hand the destruction that poor financial management and access to debt cause. People ruin their lives with credit cards.
I have zero doubts about that. Many cannot handle financial responsibility. Or have the means to. And when they do, they very often don't. I can buy a small house on my Amex, but never have. FICO >800 for us.