What Happened to "Responsible Lending"?

[LSPoorEeyorick]

I'm of the opinion that one should not finance a vacation; one should save for it. I know it's not everyone's priority, but it's mine to avoid living beyond my means. I don't sit on money (aside from the retirement fund) and I don't not spend it. I just save the money until I'm ready to spend it, not the other way around.

[NirvanaMan]

Originally Posted by LSPoorEeyorick

I'm of the opinion that one should not finance a vacation; one should save for it.

I'll go a step further. Other than a house, business, education or a short-term loan for a vehicle, one shouldn't finance anything. Always live within ones means.

[€uroMeinke]

Originally Posted by NirvanaMan

I'll go a step further. Other than a house, business, education or a short-term loan for a vehicle, one shouldn't finance anything. Always live within ones means.

Nonsense - credit means someone has money and doesn't know how to spend it, why shouldn't it be spent on me? And should tides turn and I can't pay the dept, I'll still always have Paris while my creditor will have to content himself with a write-off.