What is the meaning of the term Finance is a gun?
Once you finance something, it is not yours until completely paid off, and you lose your financial independence, because your record of payment or missed payments is placed on your credit file, and whenever you attempt to purchase anything on credit or try to get a credit card for ease of travel etc this will be one of the considerations The only exceptions are Items of absolute need such as a Home Mortgage or a vehicle for transportation., They are even wanting to refer to your credit record for insurance purposes now.
