▲ 1066 ▼ Also, your credit score drops if you pay all your debts (discuss.online) submitted 1 year ago by bytesonbike@discuss.online to c/latestagecapitalism@lemmy.world 195 comments fedilink hide all child comments
[–] iAmTheTot@sh.itjust.works 1 point 1 year ago (1 child) I'll disagree with you that it's pedantic at all. It's important to highlight that charging things to a credit card is debt. permalink fedilink source parent hideshow 2 child comments replies: [–] damnedfurry@lemmy.world 2 points 1 year ago* You can disagree all you like, but you absolutely are being obtuse and pedantic, as much as if I said "It’s important to highlight that borrowing a book from the library is debt." Yes, literally, and technically, it is, but in reality, no one actually thinks of borrowing a book from the library in that way, because there is no interest accrued. Paying your month's expenses all at once instead of one at a time, by using a credit card instead of cash and paying off the statement balance every month, is functionally identical to borrowing from a library, not to taking out an installment loan with an interest rate. permalink fedilink source parent
[–] damnedfurry@lemmy.world 2 points 1 year ago* You can disagree all you like, but you absolutely are being obtuse and pedantic, as much as if I said "It’s important to highlight that borrowing a book from the library is debt." Yes, literally, and technically, it is, but in reality, no one actually thinks of borrowing a book from the library in that way, because there is no interest accrued. Paying your month's expenses all at once instead of one at a time, by using a credit card instead of cash and paying off the statement balance every month, is functionally identical to borrowing from a library, not to taking out an installment loan with an interest rate. permalink fedilink source parent
