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

Thread Tools
#1 of 2 Old 03-28-2011, 12:11 PM - 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  
Sponsored Links
#2 of 2 Old 03-28-2011, 12:36 PM
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  

User Tag List

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

Posting Rules  
You may not post new threads
You may not 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

Online Users: 11,669

57 members and 11,612 guests
abelitz , Ajbaby , AlaskAnne , Anna1979 , annbe , bluefaery , CarolS , ChantalM , chickabiddy , Dancingdog , dontlikemil , emmy526 , Eris , FamilyFriendlyLife , Incubator , Jadzia , japonica , jazzmom74 , kathymuggle , larali , LiLStar , lilyofjudah , Mathemom , May4 , MeepyCat , Milk8shake , momileigh , MomtoSuperKid , moominmamma , MoonWomb , MotherNurture4 , MylittleTiger , Nenya , oaksie68 , OliviaA , persephassa , pulcetti , rubelin , SandiMae , sarafl , scsigrl , Shmootzi , sillysapling , sofreshsoclean , SplashingPuddle , Tigerle , TourmalineMama , typebug
Most users ever online was 449,755, 06-25-2014 at 01:21 PM.