For ENGL 212, we’ve been asked to address a modern-day dogma in true Enlightenment style. This is what I came up with:
Buying things now days has been made pretty easy; you don’t even need money! With the amount of consumption on the American credit card the question must be answered: Who’s paying for that?
It is true that credit makes things a lot easier for consumers and investors. Consumers can put their purchase on installment plans making the payment process less emotionally damaging. Investors or loaners can check credit scores to ensure that their money is being placed in reliable hands. But, does this system really help anybody?
Why do people buy on credit?
People buy items on credit because it helps them build their credit score, and having a better credit score allows you to borrow more money. And why do people need to borrow more money? Because they don’t have enough to buy what they want. But,
Why are they buying stuff they don’t have money for?!!!
When a consumer buys a product on credit, they pay less now but pay more in the end. A consumer might pay the whole price of a product and still have their brand new designer all-in-one couch bed smoothie maker repo’d at the end of the day.
What consumers need to learn today is that just because you stopped by the cashier’s booth before leaving the store doesn’t mean you bought your new clothes. If you charged it to your card, you STILL NEED TO BUY your crap, and not with credit but real money. Legitimate SWAG (preferably not stolen). It’s time to admit it: credit is your imaginary friend. When was the last time you heard about someone being turned down for having bad money? Never. Credit can go bad, not money. Although credit scores have their merits, there are new ways of checking a person’s reliability. And they don’t come with 35% interest.
Kekoa Riggin 