Well, there are several Rent to Own places around were I live cause people dont understand that they are paying 4 times more for something so they still buy into it. Rent 2 Own, Rent a Center, United Household Rentals, Aaron's just to name a couple. The good thing about these places is that if you dont want the product anymore, take it back and your out, no contracts or amounts to fill. The only thing is your out whatever you payed into it, which some cases can be alot.
The policy that if you cant afford it, you dont need it, works some of the time, but a credit card is not nessicarly a super bad thing. The thing about credit cards or financing is no matter where you go with it, you have to keep a eye on it. You cant just blindly pay the bills and go about your business. If your a borrower, you need to be as informed as the person lending you the money. You need to know about late fees, APR's, The Prime Rate, contracts, frequent credit checks, what can happen, and what will happen. You need to be on top of the game at all times with it. For your saftey anyhow.
I know several people that have several CC and are doing fine with them. They grab them up when the oppurtunity comes their way and come out smelling like roses. My Dad for example has about 10 credit cards, two of which are Amex World Cards that have a unlimited credit line. You think something like that would surely spell doom for someone, but both of his cards are in check, he can pay each monthly fine, and at any given time, he can pay them off completely. It helps that he makes 130k a year, but most of that is used in other things like car payments, mortgages, and helping us kids out from time to time. He could easily mess his life up by using one of those world cards like its meant to be used, but hes not cause he knows that he couldnt afford to do the two things i mentioned he does.
Anyhow though, it boils down to wether or not your a good finanical person. If you have a history of bad debt, lack of bill paying, and you never read what you sign, a credit card is not for you. But to those of us that can swing those things, a credit card is a great addition in the way of funds your job just didnt pay you this week.
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