Credit Cards...

Friday, August 13, 2010

original posts related to my task....

Credit cards mean lots to nowadays life and it also had influenced the people lifestyle. In facts credit cards also have its pros and cons as we know and the question is why the people don't take it seriously????

Advantages….

Using the credit cards allow us to make large purchases such as cars, furniture, dress and many more. It also can help us during the emergencies when paying the medical expenses or any expenses when we do not have enough cashes. Majority young adults are collegians or still in IPT. They can use the cards to buy their expensive semester textbooks or any that related to their studies. Besides that, they also can use it as the temporary source of finance while waiting the loan to check in. Most of the uses of the credit cards are almost everything. That’s why the people use it because it is easy and promises instant money.


Disadvantages…


Credit cards are a great concept but they end up bringing financial ruin to many people because they do not use them properly. The major problem that might happen with credit cards is that people simply get too many of them. The real problem with credit cards is that the owed amounts must be paid back, this way the higher costs accumulated since the initial purchase could be avoided as well as the high interest rates of credit cards. That’s why the people cannot pay back because of the high interest.

This problem happen when the people over use it. It is already known that the young adults love to make big spend in any condition. They like to purchase something that they want and not what they need.

Furthermore, these problems occur when the users do not take seriously about the usage of credit cards. They should know that never uses credit cards as extra money and they also need to read the find print. In this manner they can overcome the over uses of the credit cards and reduce their debts.

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