Credit is not security.
Listen to how people react to the idea of cutting up AND closing down all credit cards;
"But what do you do about emergencies???"
Part of how credit is marketed is to think about a credit card as "for emergencies".
Young people sign up for their first credit card - "I'll only use it for emergencies!"
...sure you won't.
When emergencies come up, you want real cash to respond to them.
Comments