The Credit Card Trap Why People Keep Using Them Despite Being Broke

#shorts #daveramsey #daveramseybabysteps
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This Video is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.

[caroleelwell]

Don't have any credit cards, closest thing I have is my debit card which I never use as credit

[AudioMayhem]

Dave is out of touch with working class America. We put our food on a card.

[kholemcrae]

I have never been approved for one, I was working had a vehicle loan and had to go for a meeting l, I was still in school, just to get one where I walked out and refused taking it after all the demands they wanted just to give me one but a girl I was in school with at the time had three and she said she would just apply and they would give her one that’s all it took

[stickshiftt]

Here's why people use them: Rich folks see all the benefits of credit cards and regular folks want those benefits because the middle class has been squeezed. Unfortunately, the point system is made to beat 99% of regular folks.

[cantstopbb]

There is a real truth and he is wrong to assume this is the case for everyone. If it wasn't for credit cards I wouldn't have had food money, and I had no Netflix or anything extra at that point.

[thomasbrinkmann]

Lol I know LOTS of people that will use credit then discharge all the debt with their signature. There is no "money" its all "debt exchange"

[thesjlawshow]

Well if people didn’t spend too much and would pay it off quickly, they wouldn’t be in huge debt!