![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, March 28, 2010 1:28:30 AM
I really hate credit, "the credit trap"
I have to admit, I did overextend my spending habits
and did file for Chapter 13 bankruptcy even though I had
a great salary, income, can you imagine that??
Now, today, If I can't afford to buy it in cash, I will not buy it.
However, I do understand the new generations coming up, it's tempting to buy that brand new smelling car, they don't have cash, but they do have credit. After 10 to fifteen years, they will learn like this old dinosaur.
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