http://becausenooneasked.com/2008/12/20/in-debt-reduced-income-borrow-more/ "Shouldn't you two be doing laundry?" For the anti-jihadist and internet shopping aficionado. Fri, 25 May 2012 21:27:14 +0000 hourly 1 http://wordpress.com/ http://becausenooneasked.com/2008/12/20/in-debt-reduced-income-borrow-more/#comment-4546 Mon, 22 Dec 2008 01:36:16 +0000 http://becausenooneasked.com/?p=3882#comment-4546 Easy credit artificially inflates the economy. In a free market economy, some businesses will succeed and some will fail. You can delay the inevitable but not forever.

]]> http://becausenooneasked.com/2008/12/20/in-debt-reduced-income-borrow-more/#comment-4543 Mon, 22 Dec 2008 00:51:17 +0000 http://becausenooneasked.com/?p=3882#comment-4543 not that i’m in favour of easy credit, but i think that if people stop spending, then the retail industry suffers, and more people lose their jobs. it’s a vicious circle.

]]> http://becausenooneasked.com/2008/12/20/in-debt-reduced-income-borrow-more/#comment-4530 Sat, 20 Dec 2008 20:14:48 +0000 http://becausenooneasked.com/?p=3882#comment-4530 I got my first credit card when I was in my second year of university. It came addressed to “occupant”. I had about 4,000 in income for the entire year and they gave me a $2,000 limit. I used it solely to buy textbooks and never carried a balance. I think it helped me to establish credit because the government student loan does not help your score out. A credit card is not a bad thing if you responsibly use it, although when did responsibility factor into debt nowadays (says the person with a severe amount of student loans, a mortgage and about 8 credit cards).

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