Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Two Reasons Why Using Credit Cards Increase Bad Debts
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Good-Guy, post: 181311, member: 29109"] We all use some sort of payment methods in order to transfer money or pay people. Most of us also use some sort of payment processors to receive payments from merchants online. There are various forms of payment methods, but one of the biggest and the most popular payment method is credit card. Millions of people around the world use credit cards and it is believed that credit cards is the best payment option for all the people. However, this is not true in most cases. Actually there are a few disadvantages of using credit cards. [B]Credit Card Leads To Unnecessary Buying Of Items[/B] Credit cards give the option to the user to buy things now and pay for them later. This leads many people to make more purchase of items they may never need. By the passage of time, the user actually end up in big debts. We may not realize this initially, but when the bank issues credit statements, the user usually gets shocked when he or she finds that they have spent money in an excessive way. [B] High Interest rates Are Charged On Credit Card Purchases[/B] Since the bank allows you to buy items on credit, they charge heavy amounts of interest on each purchase. This is something we all know, However, what many people do not know is the fact that the bank actually increases the interest rate annually and many people fail to pay back the money on time. This leads to extra charges penalty on interest. These were some of the main reasons why people should refrain from using credit cards. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Two Reasons Why Using Credit Cards Increase Bad Debts
Top