Credit cards are poison and make no sense to me when there are such things as debit cards.
Like GZ I disagree. A credit card is very useful for anybody who can manage their finances so that they rarely if ever incur CC interest charges - even after the €40 p.a. stamp duty is factored in. It's ridiculous to dismiss them in most or all situations. Of course there are some people who should not use them because they rack up debts with them. Ultimately a CC is a useful tool for cashflow management not for borrowing.Credit cards are poison and make no sense to me when there are such things as debit cards.
Well, let me rephrase (backtrack if you like). Credit cards with 2 or 3 grand limits are poison. Wheres the need for it? Surely 500 yoyos tops should be good enough.
I have often incurred a few grand's expenses on my personal CC while travelling (especially on business) which I expense and clear before interest accrues. This is one good reason for €2K+ credit limit CCs.Well, let me rephrase (backtrack if you like). Credit cards with 2 or 3 grand limits are poison. Wheres the need for it? Surely 500 yoyos tops should be good enough.
It's also relatively easy to use them "properly" - i.e. as a way of managing cashflow rather than borrowing longer term.Credit cards are poison because of how easily it is to abuse them.
Enough Sanctimonious crap about how good you are with your finances.
I didn't think that personal bankruptcy was a practical solution, if it's an option at all, in Ireland unlike in some other jurisdictions.If your income is €20k I suggest you go down to Mabs and consider declaring bankruptcy .
Dunno what to say Gailey because all debt is relative .
If your income is €20k I suggest you go down to Mabs and consider declaring bankruptcy .
If €100k its no problem at all, a mere blip.
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