Members Marshredder Posted April 6, 2012 Members Share Posted April 6, 2012 I was thinking about this last night. A lot of you have massive collections or some very expensive pieces of gear and I was wondering what your views were towards using credit to obtain gear. Ive included a private poll, so its all kept confidential if you dont want others to know, but feel free to discuss your opinions below... Thought this could be interesting Link to comment Share on other sites More sharing options...
Members Cougar Hunter Posted April 6, 2012 Members Share Posted April 6, 2012 I only use credit at sketchy bars where I'm afraid to use my debit card. and I have a mortgage. (still waiting for Obama to pay this for me) That's it. Link to comment Share on other sites More sharing options...
Members scratchie Posted April 6, 2012 Members Share Posted April 6, 2012 I never borrow money to buy toys..That's what guitars are to me...toys. Link to comment Share on other sites More sharing options...
Members Nerine Posted April 6, 2012 Members Share Posted April 6, 2012 Always use cash. If I can't afford something there and then, I save until I can. Novel concept. Link to comment Share on other sites More sharing options...
Members sleewell Posted April 6, 2012 Members Share Posted April 6, 2012 Mortgage and car are enough debt for me Link to comment Share on other sites More sharing options...
Members newholland Posted April 6, 2012 Members Share Posted April 6, 2012 credit card interest blows.. stay away from that {censored}. i'll use it to pay for something, but pay it back by the end of the month. Link to comment Share on other sites More sharing options...
Members eudaimonia02912 Posted April 6, 2012 Members Share Posted April 6, 2012 I never pay interest. I order things online with a credit card, but I pay off my credit card balance each month without accruing interest. Link to comment Share on other sites More sharing options...
Members RiffDaemon Posted April 6, 2012 Members Share Posted April 6, 2012 ^ That Link to comment Share on other sites More sharing options...
Members guitargod0dmw Posted April 6, 2012 Members Share Posted April 6, 2012 I never pay interest. I order things online with a credit card, but I pay off my credit card balance each month without accruing interest. This Link to comment Share on other sites More sharing options...
Members Les-Zombie Posted April 6, 2012 Members Share Posted April 6, 2012 I wont buy a guitar or amp unless i can pay for it without using credit. I use my debit card or cash, sometimes i will buy a amp or guitar with a credit card and pay the card immediately. I dont like Paying intrest and i hate playing my gear and knowing im having to make monthly payments on it, i used to buy stuff on credit and a year later see that i paid alot of intrest and still owed alot money on it because i didnt pay enough each month, so i stopped that and i wont buy it unless i have the cash for it. I have alot of gear but i own all of it, im not making payments on it. Link to comment Share on other sites More sharing options...
Members Elemenope Posted April 6, 2012 Members Share Posted April 6, 2012 I've used credit in the past....Never again. Link to comment Share on other sites More sharing options...
Members Ron Burgandy Posted April 6, 2012 Members Share Posted April 6, 2012 Easy answer? I don't. I don't even play the credit card reward game anymore. I use cash for anything fun like gear because it's not worth the hassle. Link to comment Share on other sites More sharing options...
Members OceansBetweenUs Posted April 6, 2012 Members Share Posted April 6, 2012 I pay for all my stuff with my credit card, but pay it off pretty quickly (as in, I have the cash on hand/set aside/saved up first). I like the added security features that I get with AmEx in case a purchase goes wrong. Link to comment Share on other sites More sharing options...
Members gspointer Posted April 6, 2012 Members Share Posted April 6, 2012 I have used gc and mf cards, but always pay it off before any interest is incurred. Otherwise I pay cash. (I have a lot of gear) Link to comment Share on other sites More sharing options...
Members yourguitarhero Posted April 6, 2012 Members Share Posted April 6, 2012 Use credit for online purchases or deals that are really good and limited time.Won't buy unless I can pay off within that month though Link to comment Share on other sites More sharing options...
Members hairydangler Posted April 6, 2012 Members Share Posted April 6, 2012 Ive bought some asskicking gear and most of it with a CC. Ive got a small balance right now, soon to be zero. Ive always got the money in savings but have been paying it off weekly with my paycheck so I dont dip into it. The upside? {censored}ing Peters Chimera, Jackson USA Custom Shop King V, ESP Standard V, Tonerite:lol:, etc, etc. Link to comment Share on other sites More sharing options...
Members benjamin801 Posted April 6, 2012 Members Share Posted April 6, 2012 I never use credit to buy gear, not even the "three easy payments" thing AMS or Sweetwater offer. Not bragging; I just am barely coming out of a long phase where I couldn't have gotten credit if I wanted, and it never occurs to me that I probably could now. Link to comment Share on other sites More sharing options...
Members jimSG Posted April 6, 2012 Members Share Posted April 6, 2012 I never pay interest. I order things online with a credit card, but I pay off my credit card balance each month without accruing interest. Yup, poll needs option for "Always use credit and pay it off before interest accrues". I do that for pretty much everything, not just gear. I rarely have more than 20 bucks in my wallet. I also don't have a debit card. We just pay off all of our cards every month so they essentially have a working balance of zero. I do end up with a ton of frequent shopper points this way besides the convenience of not using cash. It is important to have the discipline to still buy only the things that you would have purchased if you only had cash available. Some of my friends and family lack that discipline... Link to comment Share on other sites More sharing options...
Members Mr. Brady Posted April 6, 2012 Members Share Posted April 6, 2012 I've sold kidneys, pimped out my wife, sold my children into slavery. But, hell no, I won't use a credit card to buy gear, those are evil. Link to comment Share on other sites More sharing options...
Members Shask Posted April 6, 2012 Members Share Posted April 6, 2012 I don't have credit cards.... Link to comment Share on other sites More sharing options...
Members Mr. Brady Posted April 6, 2012 Members Share Posted April 6, 2012 I always get a laugh out of the results of these threads. For a den of scum, people hate to admit to using credit cards to buy gear. It's about the as same number of people who will admit to having an ugly wife or girlfriend on here. Either everyone is so broke and has such poor credit they don't have credit cards or we're a bunch of finacial wizards. People are more likely to admit to using drugs on here than credit cards. Link to comment Share on other sites More sharing options...
Members OverDriven Posted April 6, 2012 Members Share Posted April 6, 2012 I don't own a credit card....sooooo. I don't buy on credit. If you can't afford it now, you can't afford it later. Link to comment Share on other sites More sharing options...
Members OverDriven Posted April 6, 2012 Members Share Posted April 6, 2012 I always get a laugh out of the results of these threads. For a den of scum, people hate to admit to using credit cards to buy gear. It's about the as same number of people who will admit to having an ugly wife or girlfriend on here. Either everyone is so broke and has such poor credit they don't have credit cards or we're a bunch of finacial wizards. People are more likely to admit to using drugs on here than credit cards. It doesn't take a financial wizard to learn to save and only spend what you have. It takes a bit of restraint. Link to comment Share on other sites More sharing options...
Members hairydangler Posted April 6, 2012 Members Share Posted April 6, 2012 Any time I buy something online. Forums, ebay, MF, whatever, I use a CC. The issue isnt debt for me, because that gets paid off quickly, the issue is that as a last resort I can do a chargeback on that $2800 guitar. Try that with a debit card. Good luck. Id rather pay a bit on interest if it takes a couple months to pay off than to lose the whole amount that I spent. Link to comment Share on other sites More sharing options...
Members sleewell Posted April 6, 2012 Members Share Posted April 6, 2012 yeah these threads are funny. we are all perfect, successful, fully-independent fiscal gurus with tons of disposable income for gear as young adults and middle aged people clearly all do these days. oh yeah and we all bang models. on the srs, i just had my friend move in to my house. didnt have a roomie for a bit but he is just moving back to the mitten from FL. the rent will be nice though. Link to comment Share on other sites More sharing options...
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