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
Post has no comments.
Post a Comment




Captcha Image






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



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

Finance Blogs
best blogs