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

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  3. Explain to me the practical purpose of credit and debt. I've
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Anonymous
2017-07-16 11:46:06 Post No. 2801921
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Anonymous 2017-07-16 11:46:06 Post No. 2801921 [Report]
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?
>>
Anonymous 2017-07-16 11:48:41 Post No.2801939
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Anonymous 2017-07-16 11:48:41 Post No.2801939 [Report]
I'm guessing this is bait, but if it's not, it gives you access to larger amounts of credit when you need it.
>>
Anonymous 2017-07-16 11:49:25 Post No.2801945
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Anonymous 2017-07-16 11:49:25 Post No.2801945 [Report]
>>2801921

"Can I just take a loan and not pay it back"
>>
Anonymous 2017-07-16 11:52:13 Post No.2801961
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Anonymous 2017-07-16 11:52:13 Post No.2801961 [Report]
>>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?
>>
Anonymous 2017-07-17 01:52:48 Post No.2802768
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Anonymous 2017-07-17 01:52:48 Post No.2802768 [Report]
>>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
>>
Anonymous 2017-07-17 01:53:59 Post No.2802774
[Report]
Anonymous 2017-07-17 01:53:59 Post No.2802774 [Report]
>>2802768
Around $32k. I dont really need to buy anything worth more.
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