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-card-news/living-without-credit-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://tinyurl.com/68hb9u

'Gordon H[_2_ Wrote: 
> ;83186']In message VuOdndt8Qa795TTV4p2dnAA@bt.com, Tim me@home.uk
> 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




-- 
CC8787

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...

On Aug 18, 1:55 pm, Mishi  wrote:
> 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-card-news/living-without-credit-car...
> Read full article: Some live without credit cards -- could you?

Absolutely. I don't have any CCs & don't need them. I have a debit
card, a paypal account & a stored value debit card (mastercard) for
online transactions where paypal is not an option. I know paypal and
the prepay credit card are relatively expensive but I use them so
infrequently that I don't mind the cost per transaction.

There's nothing I need/want that I can't wait for without buying on
credit.

(I have had credit cards in the past and ran up a lot of debt which I
do not want again).


>