Linked by Thom Holwerda on Tue 26th Apr 2011 22:06 UTC
Games After days and days of the Playstation Network being offline, Sony has announced it has taken the service down indefinitely. The cause is a lot more severe than previously thought: PSN has been systematically attacked, and personal information of all users has been stolen, possibly including credit card data. Sony is asking PSN users to keep close tabs on their credit card account statements. This has turned from a rather amusing slap on the wrist for Sony into a massive and truly epic security fail that could have tremendous consequences for millions and millions of people the world over.
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RE: Good read until the last line
by drcouzelis on Wed 27th Apr 2011 01:46 UTC in reply to "Good read until the last line"
drcouzelis
Member since:
2010-01-11

OSNews is Thom's blog, so... whatever. ;)

...but, your comment does make me wonder: Is it possible to use a credit card responsibly and NOT spend money you don't have? (which I would consider irresponsible)

The only case I can think of is for an emergency, when you don't have the money at the moment but (hopefully) will in the near future. I wouldn't consider the Playstation Network to be an emergency, and don't see a reason a person would need to use a credit card on it. (as opposed to a debit card)

Even in the case of an emergency, one could argue that it would have been more responsible to have a savings for such an emergency...

Just some thoughts from someone who tries to use his money responsibly. ;)

Reply Parent Score: 1

latreides Member since:
2011-03-20

I wouldn't consider the Playstation Network to be an emergency, and don't see a reason a person would need to use a credit card on it. (as opposed to a debit card)

When you enter your "debit card" information into the PSN you are actually using the "credit card" option on your Bank Card.

That being said, saying you are being irresponsible by spending money you don't have is idiotic. How would a typical individual buy a house? Or a car? Or pay for college? Is it irresponsible to get a loan (essentially a line of credit) to pay for a college degree?

Edited 2011-04-27 02:23 UTC

Reply Parent Score: 3

vodoomoth Member since:
2010-03-30

That being said, saying you are being irresponsible by spending money you don't have is idiotic. How would a typical individual buy a house? Or a car? Or pay for college? Is it irresponsible to get a loan (essentially a line of credit) to pay for a college degree?

Kudos to you. This is the most sensible comment I've read on this topic.

Reply Parent Score: 2

drcouzelis Member since:
2010-01-11

How would a typical individual buy a house? Or a car? Or pay for college?


This topic is about credit cards, not mortgages, auto loans, or college loans.

Reply Parent Score: 1

frood Member since:
2005-07-06

Sure, I do it all the time. There are legal protections you get when buying with credit cards that you don't get with debit cards. Plus I get air miles and other benefits, I use my credit card for everything then pay it back each month.

Reply Parent Score: 7

smitty Member since:
2005-10-13

...but, your comment does make me wonder: Is it possible to use a credit card responsibly and NOT spend money you don't have? (which I would consider irresponsible)

Of course it is. I charge almost everything to a credit card, which i pay off in full every month. I do that instead of using a debit card because i get some (small) benefits in exchange, and because i know i will never spend too much. All it takes is a little self-control to know how much you make per-month versus how much you spend.

I suspect the credit card company hates having me as a customer, since i never pay them any interest. ;)

Edited 2011-04-27 02:50 UTC

Reply Parent Score: 4

lucas_maximus Member since:
2009-08-18

Have you heard of things like mortgages, student loans etc ... according to your logic buying a house and going to university to get a degree is irresponsible.

Also if my bike breaks (which I use to commute on), and I don't have money to fix it I can use my credit card to buy replacement part ... is this also irresponsible.

Before you type next time ... try engaging your brain please.

Reply Parent Score: 2

Thom_Holwerda Member since:
2005-06-29

Before you type next time ... try engaging your brain please.


Read the OP carefully. He SPECIFICALLY talks about emergencies. However, even then I would personally be against using a credit card. If you had been responsible enough, you would've set aside some money SPECIFICALLY for emergencies like that. I have a stash of cash in my savings account that has been reserved for the case something happens to my car. THAT is being responsible.

Reply Parent Score: 1

macUser Member since:
2006-12-15

There are two types of people that use credit cards:

1: Those that don't have money and keep a balance on the card, and 2: those that pay off their card every month to zero.

In case number one, this is trained behavior by the credit card companies who prey on the weak minded.

In case number two, this is trained behavior by those who have either been burned by credit card companies or learned that money doesn't grow on trees.

People should learn to spend the money they have, not the money they may have


You are absolutely correct. But... Can I get a show of hands on how many people here bought their home outright? What about their car?

Reply Parent Score: 2

Soulbender Member since:
2005-08-18

Can I get a show of hands on how many people here bought their home outright? What about their car?


Who would buy any of those things on a credit card?

Reply Parent Score: 2