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Old 04-10-2006, 06:34 PM
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650iOzBoy 650iOzBoy is offline
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Join Date: Sep 2005
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Quote:
Originally Posted by Ventoux
There is a fantastic episode of Frontline on the history of the credit card. Its very eye opening. http://www.pbs.org/wgbh/pages/frontl...s/credit/view/

As it relates to the topic, IMHO, if you carry large amounts of CC debt, if you you dont save monthly for your retirement, if you live month to month with nothing left over, then you really shouldnt own a high end automobile, not matter what kind.
Thanks for that, very interesting. According to that article, I'm a "deadbeat"; never owing a cent on my plastic, but using the plastic purely for convenience. In fact, AmEx labels my (only) plastic as a "charge card", not a credit card. (AmEx has a charge card line and a credit card line). Credit cards are perhaps the worse ways of getting into persistent debt for many people.

Last edited by 650iOzBoy; 04-10-2006 at 06:38 PM.
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