Re:Credit Card Debt Collection
by goodbyesf on Wednesday September 13, 2023 @02:55PM
(#37500256)
> If I use a credit card, I pay up to 20% on the outstanding amount.
Key is never having outstanding debt. Pay your credit card balance in full. Most people with credit cards do this. I have never met anyone who paid any interest on their credit card because everyone I know pays it in full each month.
> And I have never met anyone who had a fraudulent charge (without being dumb).
And? The point is if it happens, you are far safer with a credit card than a debit card. Once the money is gone from the credit card, it's the credit card companies problem. Once the money is gone from your debit, it's your problem.
> To me, I cannot understand why anyone would use a credit card unless debit isn't accepted.
Because credit card is more secure. As the OP already told you.
As long as you have financial discipline, using a credit card is smarter than using a debit. It's a simple concept.
Key is never having outstanding debt. Pay your credit card balance in full. Most people with credit cards do this. I have never met anyone who paid any interest on their credit card because everyone I know pays it in full each month.
> And I have never met anyone who had a fraudulent charge (without being dumb).
And? The point is if it happens, you are far safer with a credit card than a debit card. Once the money is gone from the credit card, it's the credit card companies problem. Once the money is gone from your debit, it's your problem.
> To me, I cannot understand why anyone would use a credit card unless debit isn't accepted.
Because credit card is more secure. As the OP already told you.
As long as you have financial discipline, using a credit card is smarter than using a debit. It's a simple concept.