Comments by "Babu" (@Babu-kr3cr) on "Credit Cards Being MAXED OUT And People Taking Personal Loans To Pay Them" video.

  1. Sometimes you need to borrow to leverage your credit towards your future. Yeah, it is hard to pay it all back, but sometimes you really need something like a car and wouldn't be able to get it otherwise. It helps you to take advantage of deals in the moment. When you get to the point where you can't pay it back, then you have to stop using it and do minimums until you are under control. If the interest rates keep rising, I don't know what will happen to people? Will they all go bankrupt, lose their good credit standing, or will the economy just crash and disappear? If the banks are out of business, would you still have to pay them back? The lending industry was invented for a reason. Sometimes people really need to borrow, and there is no one to just give them what they need, so they need to be ready to pay it back. It isn't all bad, it just isn't ideal. If you don't need to borrow, you probably shouldn't. You do feel good when you don't owe anyone anything.
    3