[CStrunk]

I think credit/debt is a useful tool that most people abuse, or straight out don't understand. Companies use it all the time to leverage themselves and make a profit. Consumers are just plain irresponsible with it. I feel uneasy about people saying they outright hate it. It just seems like a waste to me. Sure, if you don't understand it, by all means - stay out. But if you have a level head on your shoulders you can use it and benefit a lot.

Also, if everyone stopped using credit cards and lending, wouldn't that make us all screwed? Banks make the vast majority of their money off of loan fees and interest. Without loans and credit cards to fuel the banks, they wouldn't be able to offer interest on deposit accounts. Imagine the world them. Debt/credit is essential.