Credit cards are not free money but require repayment of all purchases, and failing to pay can severely damage your credit score, which affects your ability to rent apartments, get loans, or buy cars in the future.
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Bro really thought a credit card was unlimited free money…until reality sent the bill 💳💀Added:
Dads, what's the funniest thing your kid been completely wrong about? The second my son got his first credit card, he went crazy. New clothes, new shoes, and the craziest of it all, a 100-in [music] TV for his room. I checked his statement and nearly had a heart attack. Why are you maxing out your card? He just shrugged. I thought that was the point.
And I just stared at him. The point of a credit card? He nodded, completely serious. Yeah, it's free money. Oh, no, son, you have to pay back everything you spend. That's when he gave me the dumbest look ever. What do you mean pay back? Now I was the one panicking. I grabbed his card. Every dollar you just spent, you owe it. He blinked. But I don't have that money. I was amazed. He had zero clue about this at all. You know this affects your credit score, right? Now he looked genuinely horrified. He just sat there, processing his entire existence. Then he had a brilliant idea. Okay, so if I don't pay, do they just take my TV back? I almost choked. No, they don't [music] take your stuff. They take your future. Now he finally realized. You won't be able to get a car, rent an apartment, or take out a loan. He looked like he was about to pass [music] out. The next few weeks were hilarious. Every time the bank sent a letter, he would stare at it like it was a court summons. He even asked me, can I go to jail for this? I just shrugged. Maybe. Then the bill finally came. Of course, [music] he couldn't pay it. His credit score plummeted instantly. I had two options. Bail him out, or let him learn. So, to teach a lesson, I let him suffer. And now, [music] every time we pass a bank, he just sighs and whispers, I was
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