imho credit is a system used by the govt to keep the general population subservient.

once you have established your credit, which is relatively easy you can buy things that would normally take years to save for, instead you spend those years paying it off while enjoying the thing you would have saved for.

this makes the desirable things in life obtainable but only if you maintain a job and some stability (which requires staying in one city usually and holding the same job)

so it ties people up.

now if you actually worked and saved all that money before you got the thing you wanted you would pretty much without a doubt invest in something more worthwhile. instead of buying a car you would put it into an investment account, instead of a toy hauler and a bunch of toys that all lose their value instantly and rapidly you might build a house.


but thats just how i see it.

and i have over $8k in debt at age 19.