I had a CC once.After my husband wouldn't stop spending on the damned thing ,he was away with the navy and bored and still hadn't learned to do without my salary when I stopped to start our family,and we had debts of £3000 because as soon as we reached our limit they kept upping the damned credit limit.
Eventually we had to go see our bank manager(Barclays and a humiliating experience) who made us cut up our cards and then tried to give us a loan(with even more interest to pay). We said no thanks and decided to cash in an insurance policy instead.
We now refuse to have a CC.My daughter doesn't have one either.
The most I owe anyone is the overdraft at the bank which is currently on the high side but I'll be paying that off next month.
I can feel proud about my financial savvy these days but I learned it the hard way.
Incog.
