Some live without credit cards -- could you?

How and why 25 percent of Americans live a cash-only life

Is there life without credit cards? And if so, is it worth living? In
today's instant gratification world, the thought of forgoing credit
cards in favor of a cash-only lifestyle seems as foreign as mailing a
handwritten letter through the post office: We know some people do it,
but it's hard to understand why. Yet there are those who have
declared, "Enough is enough!" and dedicated themselves to lives sans
credit cards.

According to the Fair Isaac Corp., creator of the popular FICO credit
scoring model, about 20 to 25 million people in the United States do
not have any credit. An additional 30 to 35 million U.S. residents
have a minimal amount of credit history, according to Fair Isaac
statistics. These figures mean that approximately one in five people
Americans do not have access to traditional credit.


http://www.creditcards.com/credit-ca...cards-1267.php
Read full article: Some live without credit cards -- could you?


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"Mishi" wrote
Some live without credit cards -- could you?

How and why 25 percent of Americans live a cash-only life
...
According to the Fair Isaac Corp., creator of the popular FICO
credit scoring model, about 20 to 25 million people in the United
States do not have any credit. An additional 30 to 35 million U.S.
residents have a minimal amount of credit history, according to
Fair Isaac statistics. These figures mean that approximately one
in five people Americans do not have access to traditional credit.

How many of those are children?

In message , Tim writes
"Mishi" wrote
Some live without credit cards -- could you?

How and why 25 percent of Americans live a cash-only life
...
According to the Fair Isaac Corp., creator of the popular FICO
credit scoring model, about 20 to 25 million people in the United
States do not have any credit. An additional 30 to 35 million U.S.
residents have a minimal amount of credit history, according to
Fair Isaac statistics. These figures mean that approximately one
in five people Americans do not have access to traditional credit.

How many of those are children?

I know only one person who claimed to have given up credit cards.
She is a long serving Customer Service advisor at my nearest B. Society
branch, and last time I was in the branch on business she told me.

After both having their cards cloned, she and her husband decided to
manage without. I suppose it is quite a trauma when you thought
you knew all the security angles...
--
Gordon H

http://blog.consumerchoices.co.uk/20...credit-crunch/

It's sensible to have one credit card in case you have problems when
booking holidays or buying things over £100.

I must admit I prefer to use my debit card for transactions but I
should really follow my own advice!

"PeterSaxton" wrote
It's sensible to have one credit card in case you have problems
when booking holidays or buying things over £100.

I must admit I prefer to use my debit card for transactions
but I should really follow my own advice!

Why do you prefer the debit card - what advantages are there?

On 18 Sep, 08:46, "Tim" wrote:
"PeterSaxton" wrote

It's sensible to have one credit card in case you have problems
when booking holidays or buying things over £100.

I must admit I prefer to use my debit card for transactions
but I should really follow my own advice!

Why do you prefer the debit card - what advantages are there?

I just like to pay as I go if possible. I pay cash in person a lot too.

"PeterSaxton" wrote
It's sensible to have one credit card in case you have problems
when booking holidays or buying things over £100.

I must admit I prefer to use my debit card for transactions
but I should really follow my own advice!

"Tim" wrote:
Why do you prefer the debit card - what advantages are there?

"PeterSaxton" wrote
I just like to pay as I go if possible. I pay cash in person a lot too.

So you don't like using the most cost-effective & safe method?
Whyever not?

On Fri, 19 Sep 2008 13:13:04 +0100, "Tim" wrote:

"PeterSaxton" wrote
I just like to pay as I go if possible. I pay cash in person a lot too.

So you don't like using the most cost-effective & safe method?
Whyever not?

I'm sure Peter is not one of them, but you don't have to look far to
see the misery caused by reckless reliance on credit cards by the
feckless.
Your question is like asking an alcoholic why he doesn't drink, as a
little of the stuff is beneficial.

Tiddy Ogg.
http://www.tiddyogg.co.uk

"PeterSaxton" wrote
I just like to pay as I go if possible. I pay cash in person a lot too.

"Tim" wrote:
So you don't like using the most cost-effective & safe method?
Whyever not?

"Tiddy Ogg" wrote
I'm sure Peter is not one of them, but you don't
have to look far to see the misery caused by
reckless reliance on credit cards by the feckless.
Your question is like asking an alcoholic why he
doesn't drink, as a little of the stuff is beneficial.

My question is only like that *if* Peter *is* one
of those people that you describe as "feckless".

I certainly hadn't imagined that he was; and you also said:
"I'm sure Peter is not one of them...", so my question (being
aimed at Peter) is more like asking a *non*-alcoholic
(also whose religion doesn't preclude drinking alcohol, etc)
why they don't drink, as a little of the stuff is beneficial...