Lizam1 profile image 83

Do credit card companies and credit rating agencies hold too much power?


Why has society/government allowed our lives to become "ruled" by credit and credit ratings companies. Try to book anything these days without a credit card and you are doomed. The credit rating agency can harm your access to credit with wrong or outdated information. Trying to live without credit cards seems to be looked down upon, Even employers and landlords use credit ratings.

 

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lburmaster profile image79

lburmaster says

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5 years ago
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    Lizam1 5 years ago

    I like the idea of buying a house in cash!


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MobyWho profile image60

MobyWho says

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5 years ago
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    Lizam1 5 years ago

    Thanks MobyWho. The question came up because I work with many low income families who have due to circumstances gotten into a whole lot of trouble and or cannot rent an apartment simply because they choose not to have a credit card they can't afford.


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