We live in an era of credit cards, where these plastics are distributed in an easy and simple as many people on request, without warning consumers of the commitments that these mean and the high risks that can account for household economy. And all this can happen with just a couple of bad decisions. Why then publish a list of five reasons why you might not choose one of these.
Applications confusing. When processing a credit card that sucked most catches your eye: increased line of credit, lower interest rates, etc … But when filling out the paperwork (or sometimes by incorrect handling within the company) end up getting a credit card ever requested.
Borrow without notice. Of debt a little at a credit card will increase. Failure to start paying debts can become a monthly pay equivalent to our month’s income and without any possibility of settling the debt.
Increase in expenses. Several studies show that people spend less if you use money instead of bank cards. On the other hand people with credit cards tend to make impulse purchases.
Lying low rates. Many credit cards offer very low interest rates, but their payment periods are much greater, so the interest will continue to increase and the result can be the same or worse.
High fees. Credit cards have fees too high, so these should be regarded more as luxuries and services.
In conclusion, credit cards are a great risk to the consumer, while one hand can allow a user to purchase products quickly and easily, on the other represent a great risk if they are used improperly.
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