woot, credit cards just got a little less shitty

[Fender]

Last car loan was 0% thanks to my credit rating.

[Fjoggs]

wth is credit scores =/

It's an evil system designed to reward people who manage their debt to the satisfaction of the financial institutions by offering them discounts on further loans whilst also simultaniously punishing both those who do not handle their debt well - as well as those who do not have debt at all - by (for instance) withholding those same discounts.

I have (got?) 2 credit cards and I've never heard of it. US phenomenomnomnomnom?

[Scourge]

I'm pretty sure people take loans for loads of other, less important things as well.

That's where the individual bad judgment comes in. It's these idiots that get themselves into a bind. If you're smart and only use it for the things that you really need, you're far less likely to end up over extended and drowning in debt.

[N|K]

Credit cards are for suckers.

[Grudge]

It's an evil system designed to reward people who manage their debt to the satisfaction of the financial institutions by offering them discounts on further loans whilst also simultaniously punishing both those who do not handle their debt well - as well as those who do not have debt at all - by (for instance) withholding those same discounts.

I have (got?) 2 credit cards and I've never heard of it. US phenomenomnomnomnom?

yea, they really love their credit system, it's in their culture

just like how they export their national debt by printing new dollars, essentially their entire import is on credit, which is why China now owns a huge part of the US economy