S/O to the ZERO Credit Score thread - Mothering Forums

Forum Jump: 
Thread Tools
#1 of 2 Old 03-28-2011, 11:11 AM - Thread Starter
Lucy Alden's Avatar
Join Date: Jun 2009
Posts: 395
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

So, let me ask a slightly philosophical question.  If a "credit" card is one of those prepaid deals, is is really credit?  Obviously, I understand that in the strictest sense of the word that something that is prepaid is not credit but, do those of you who choose not to use/have credit (and I am in this boat) consider it participating in the whole debt/credit paradigm?


lather, rinse, repeat
Lucy Alden is offline  
#2 of 2 Old 03-28-2011, 11:36 AM
happysmileylady's Avatar
Join Date: Feb 2009
Posts: 1,193
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

I think that there's a difference between avoiding accruing more debt and being against the entire credit system. 


A prepaid card is not the same as using a credit card because there's no debt being accrued.  You are putting the money up front to be able to use a convient form of payment (and paying a fee to do so in most cases. )  I have no issues with prepaid cards (other than the upfront fees you pay when you buy the card,) but I won't use a credit card (and can't get one anyway,) because that's a debt accrued.  Even paying it off right away, that's still debt.  And it's SO easy to miss paying it off for just about any reason-a paycheck screw up, a night in the ER, whatever.  And then there's added interest and the cycle begins.  No thank you.


But, if credit works for you and yours, more power to you.  It doesn't work for me and mine.

happysmileylady is offline  

Quick Reply
Drag and Drop File Upload
Drag files here to attach!
Upload Progress: 0

Register Now

In order to be able to post messages on the Mothering Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Please enter a password for your user account. Note that passwords are case-sensitive.
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Forum Jump: 

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off