Quote:
Originally Posted by O-cha
Carrying "debt" is one thing. People do this with things like mortgages and car loans because they have relatively low finance charges. Credit card debt is NOT a part of modern finance, anyone who carries a debt on their credit cards with 10+% interest is NOT getting financial benefit.
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+1
There are multiple kinds of debt.
Personally, I really don't like the things. I generally refer to CC's as debt enhancement machines.