Quote Originally Posted by Vteckidd View Post
No I'm saying if you couldn't afford to make the necessary payments and it was such a burden that now you pay cash youused it wrong.

I charge $15000-20000 on my business credit card for product which has a 5% apr.

If I paid cash I would tie up my liquidity and have to live off credit all for what ? $750? ($15000*1.05). That if I take a year to pay it off. I usually pay it off in 2-3 months.

But the difference is now I have a record and get extended lines of credit , paying cash for everything good luck with financing.

I guess you guys think if you have enough cash you can get financing with a big enough down payment. That's just dumb IMO. The median family income is $55000 a year. After mortgage, car payment, insurance, groceries , utilities, etc there isn't much left over. So you can forget a $20000-30000 down payment on a house or $10000-15000 down on a car etc.

Not going to happen.

Instead if they live smartly on a budget and don't go crazy they can pay a little interest and finance what they want and have extra money to put into other assets.

This notion of never using credit is wrong. Sorry fellas
were obviously not going to agree, and I don't wanna get into a pissing match with anyone, so I'm gonna leave on this note.....Good Day and God Bless...