There you have it. Shock and gasp.
In July 2003 when we started to get our financial lives sorted I read all the old stuff, Tightwad Gazette etc and tried virtually all of the tips. We got rid of the credit cards, I had one, Dan had a few. It was fine, we paid them all off, cancelled them and life was grand. Then, we bought something and like good people we paid cash all was well. In the time it took for us to pay for it and wait in for delivery, the company went bust.
I was distraught. Were it not for the fact that the administrator was very approachable, our item was in the storeroom and one ex-employee was amazing enough to bring the item to our house and fit it, on a Bank Holiday Monday, without being paid we'd have lost the item and our £1541. It would have been a very painful case of "stupid tax" and was sheer good fortune that it worked out in our favour.
Never again. Dan got a credit card soon afterwards and we use the card for any larger purchases that we're not taking with us there and then, so we have Section 75 protection (at the time our debit card providers were a bit sketchy about the reclaiming process so we went for the easy option). We paid cash for the car though. That was an amazing feeling, well worth the additional two years of saving after debt freedom, I thought buying a car would take ages, I'd hardly had time to finish my free caramel latte before we were driving through the dales back home.