General Discussion
In reply to the discussion: Capital One's new contract says it can show up at cardholders' homes, workplaces [View all]passiveporcupine
(8,175 posts)until they have the cash to purchase things, they would spend a lot less on their purchases, and banks would not have the power they have today.
I haven't had a credit card for over ten years and it hasn't hurt me one bit. Are there things I am doing without that would make my life easier and more pleasant? Sure, but having the stress of credit card debt is not easy either. Owing people money (even my home mortgage) makes me terribly anxious. My mortgage is the only debt I have. And guess what. If you aren't paying interest on credit cards, that money can be applied toward your principle to pay your mortgage down sooner, so you pay less interest there too.
Credit sucks. I know there are times it's useful, but most of the time it's just an easy way to accumulate possessions and debt.
I bank with my credit union too. I would have my mortgage with them, but they don't do mortgages...just home equity loans.