Friday, May 26, 2017

Credit Cards can be a bad idea

Think about why Credit Cards are a Bad Idea

Many thanks for visiting this website. This article was written by John. I hope you find it informative and helpful.

Are credit cards just so convenient?

You can just take one with you to the shop and pay the exact amount just by handing it over, there’s no need to carry any money with you ever again. Because the money will still be there, if you haven’t been paid yet, then you don’t need to worry. It’s the only good way to do it, when you shop on the Internet or over the phone, what else are you going to do, post a cheque? Though, credit cards have a flip side – in fact, they have lots, like anything convenient,

Are you able to keep track?

Hand over the card, when you walk into that shop, the money is taken from the card. The payment is done and the card goes back into your wallet. There’s no less money in your purse or wallet to remind you of what you’ve spent. You still have all the things you started with. Without you even noticing smaller amounts can add up quickly on a credit card. Everyone has a tendency to underestimate what they spend. It’s like taking the way phone bills work and applying it to everything you buy. I think that can’t be a good idea.

Credit cards are designed to keep you in debt

You will find it very difficult to pay off all your cards once you have them. Your cards are trying to keep you using them and paying interest. The company will do everything, before you’ve paid them lots of interest, they can to stop you paying. The more you show you can pay back the debt, until they get you to the point where you can’t pay, the more debt they’ll try to offer you.

Why pay money for nothing

Using credit cards is a great way in exchange for nothing to loose a part of your income to a credit card company. You’re paying them interest in the moment you run a balance. But not only that, you don’t have the chance to earn any interest on them from your bank, as soon as you get your wages, you’re paying your bill. For what you’re losing out twice over – have you think about it?Watch Full Movie Online Streaming Online and Download

The lie in the Name

To avoid saying what they really are: debt – Credit cards are called credit cards. If you always remember this simple sentence: credit cards are debt cards. In all things connected to credit cards you will do much better. Whenever you talk about credit cards as often as you can use the word debt.

Sometimes you can’t avoid them

But sometimes when you need money, there’s no doubting that credit cards can be very useful. You just don’t have any in an emergency. Or when you apply for car loans or a mortgage, this will be taken into consideration. They are also a very useful way of proving to credit rating agencies that you can handle debt. Just remember that you’re playing with fire, whenever you handle credit cards. Keep your use of them to a minimum. Do everything you can. Your financial life will be much better.

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