When is credit good? or when is credit bad? Credit is good when no expense is involved. Credit is bad when you spend money and pay for it later. In a world where no interest appeals to people with large bank balances it is safe to say the credit card, whilst it has merits,causes users a continuous headache. The simple rule of thumb is spend what you have and live within your means. To help you better understand what is in the marketplace, whether the product you are looking at is truly beneficial to you and your circumstances, we invite you to take a look at the various types within our program that relates to credit and credit cash bought today and paid tomorrow.