Free Debt Management & Bankruptcy Articles

Professional Authors - Professional Articles



Avoiding the Dangerous Seduction of Credit Cards


Money has always been an essential commodity in society. It moves the world’s economy. It is always necessary to have a little cash on hand is lost or stolen then it’s gone for good.

Credit cards, these days, are an important commodity. They offer a variety of benefits in place of cash, benefits that can be so amusing that it lures you into getting a card. Advantages of having a credit card include ease of purchase, purchase protection, emergency fund, building a credit line and other benefits that differ from company to company.

Firstly, credit cards offer ease of purchase , and also offer purchasing power over the internet in the comfort of your home, without having to tackle the various issues of going to the store itself. Many stores nowadays offer such online services. Also, it provides you with some security, carrying no cash, and if the card it lost or stolen it just takes a quick call to your Card Company, ensuring that subsequent purchases by any thief would not have to be paid by yourself. Secondly, it offers purchase protection, in the event that you lost your purchase receipt. Your credit card statement can provide proof of purchase. Another advantage is that you have money that you could access quickly in times of emergencies, like flood, fire, accidents. You may exceed your budget but these things would be necessary expenses which you could work into your budget to pay off.

Having a credit card and having a good credit rating these days helps a lot in applying for a job and being accepted. Employers consider having a good credit rating indicates being a responsible and disciplined individual, who handles their money judiciously. Some Card Companies also offer other benefits like life and travel insurance, certain store discounts and others that offer convenience and ease of living.

Most usually people get a credit card as it offers instant money which can be spent when you don’t have the cash at the time of purchase. This, together with card companies benefits offers like store discounts, encourages people to buy more than they really need. Ultimately, before you know it, your expenses mount up and you find you have gone over your budget. Then the extreme credit card interest commences and puts you in much more debt. Having a credit card can be beneficial if used wisely, but if not it could be the beginning of a life of misery weighed down under debt and even bankruptcy for some.

Wise use of credit entails responsibility and to avoid downfalls you must keep track of your expenses, stay within your budget, and pay up due balance at the due time.



Comments
Honeywell Alarm Systems commented on 06-Jun-2018 02:57 PM
I've been investigating this issue for almost three weeks now and this is actually the very first post that absolutely is practical. How come it's really hard to find good knowledge relating to security today? Surely respect the energy you invested placing your ideas into words so first-timers such as me personally can take a step. Will there be a part two for your post? Thanks again!

Home Security Systems commented on 08-Jul-2018 03:34 AM
I've been researching this subject for almost 2 weeks at this point and this is really the first page that absolutely makes perfect sense. Why is it so difficult to access effective specifics when it comes to security today? Surely value the energy you invested putting your thoughts into words so amateurs like me will be able to take action. Could there be a part two for your posting? Thanks again!


Post a Comment




Captcha Image






BLOG TAG CLOUD
credit scores saving money paycheck taking responsibility allowance debts trusted friends government assistance own money common debt traps doctors payday loan companies rebuild good credit initial research more income monthly budget bank order report legal action household items tax info hospital finances house loan security medical bills home equity loans asset info less money professional debt payment period saving regain control low interest need money credit card company debt management mistakes younger children understanding home equity credit rating lose your job honesty credit bureaus negotiation repay help with debt credit report handling money take control of debt past bad debt account charges ongoing bills medical bill charitable organisation credit limit repay loans losing your job income high interest rate debt collectors building debts school jobs debt solution cash pay off bill Chapter 13 loan amount comfortable living home equity sickness deals in writing control spending good budget debt programs budgeting learning experience secured loan fly-by-night internet loan harassment spending family budget modified payment plan classify bills interest investing candidate credit line credit companies interest rate down payment your rights hobbies management advice unexpected expenses management program live within means installment plans filing bankruptcy prioritizing debt consolidation software credit card debt reduce debts implement a budget credit cards debt problems good debt borrowing telephone bills new job pay off debt personal finance lending companies debt collector help checking account original creditor liability children budget children saving paying out debt credit card monthly payment debit card borrow money get out of debt negotiate credit common debt unsecured loan credit score great budget interest rates discounts insurance gambling problem seperate accounts bankruptcy borrower credit card companies debt traps social services debt collection agency phone calls debt consolidation loans help payment behavior education monthly bill loans consumer lawyer creditors spend money loan companies total balance credit repair cash card extra money piling debts expenses credit checks unreasonable expectations invest money child support debt visualization credit history debt settlement receipt financial education debt consolidation medical debt overcharging ill health emergency savings account restrict spending worksheet bank accounts car loan savings loss of income paycheck info back support debt stop harassment rent payments budget ideas losing a job payday loan specific budget categories financial security child spending deb consolidation whole family loan agents groceries credit reports good credit rating unemployed utility payments gambling debts illness budget account interest home debts cancer good credit record overbearing bills management tips live your life part time job buying a house debt management tips lending company bad debt management good credit credit company making payments managing debt job loss extra payments credit card help mortgages debt free account fees full details bills budget sheet loan debt management purchase protection debt relief agency monthly payments child support credit card traps introductory offers become free insurances debt management advice bad debt personal finances great budget ideas assets debt company purchases repayment plans interest payments tracking money injury save money careful handling short sale flat broke overspending cable bill check card bad financial decisions Consolidation Company budget categories family assistance payment frequency second job debt relief checks money chapter 7 teaching children finance installment plan credit accounts understanding paying bills court appearance savings account salary mortgage payments domestic support



Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs
best blogs