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.

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

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

Copyright 2016 - Free Info Site Enterprises

Finance Blogs
best blogs