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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="finnimus" data-source="post: 1330089" data-attributes="member: 12900"><p>Agree. Credit is monies that are available. Debt is what you go into when you use those funds (regardless of the period of time they are used). So using someone else's money for any period of time is technically debt. </p><p></p><p> Agree that misuse of credit is the issue, not credit itself. Revolving credit can serve a very good role in unplanned situations. As you stated, it should never be used for sustaining day to day life. </p><p></p><p></p><p>I'm still not sure I understand what you mean by "I've yet to see a good use for debt that actually outweighed the liabilities of cash liquidity"</p><p></p><p>What are the liabilities of cash liquidity?</p></blockquote><p></p>
[QUOTE="finnimus, post: 1330089, member: 12900"] Agree. Credit is monies that are available. Debt is what you go into when you use those funds (regardless of the period of time they are used). So using someone else's money for any period of time is technically debt. Agree that misuse of credit is the issue, not credit itself. Revolving credit can serve a very good role in unplanned situations. As you stated, it should never be used for sustaining day to day life. I'm still not sure I understand what you mean by "I've yet to see a good use for debt that actually outweighed the liabilities of cash liquidity" What are the liabilities of cash liquidity? [/QUOTE]
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