I use credit to buy a car and a house. These are durable assets. Using credit to fulfill daily needs doesn't make sense. Being a depositor is better than being a borrower.
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I use credit to buy a car and a house. These are durable assets. Using credit to fulfill daily needs doesn't make sense. Being a depositor is better than being a borrower.
Exactly, using credit to fulfill daily needs doesn't make sense, because there's no worth or tangibility to these needs, neither can they replicate profit whatsoever. But for something like a house, what you get back is unimaginable.