Personal US debt hits record

[Jarlaxle]

Credit score, no debt, capital liquidity are the trinity of a healthy financial basis at home.

Why would you need a credit score?
Buy with cash, not debt.

I am talking for other people, like you. I can pay in cash, yes.

If people can’t pay in cash, they shouldn’t buy it.

Spot on. Debt is dumb!

 

[JakeStarkey]

Jarl and his buddies, here on USMB, fill the role of a board Falstaff and his rollicking buddies.

We need the relief of burlesque low-brow comedy here, and they do it well.

To the OP:

We have a growing number of people in personal debt beyond their normal needs and ability to pay.

Predatory lending is partially responsible. Personal greed is partially responsible.