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Explain to me the practical purpose of credit and debt. I've

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Explain to me the practical purpose of credit and debt.

I've used a credit card for four years for miscellaneous purchases but never taken a loan. Id imagine my credit to be decent despite not checking it yet. What can I do with this? Can I just take a loan and not pay it back?
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I'm guessing this is bait, but if it's not, it gives you access to larger amounts of credit when you need it.
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>>2801921

"Can I just take a loan and not pay it back"
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>>2801939
When would I need it, that is what I'm asking. If I dont want to lease a car or mortgage can I just get a loan for a business then not pay it back?
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>>2801961
how much money do you have right now including savings?

can you afford to buy something that is $1 more than that amount IMMEDIATELY?

then you need credit
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>>2802768
Around $32k. I dont really need to buy anything worth more.
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