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
E-commerce
Credit facilities advantages and disadvantages
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: 209082, member: 29109"] There are various kinds of disadvantages of using credit cards. I personally believe that the disadvantages of using such credit cards are far much more than the advantages. This is my opinion, but let me explain. First of all, you stated that you may use credit card and this will prevent robbers from looting you. However, even debit cards could also be used to avoid cash money and purchase items without carrying real cash. So I do not think that credit cards are the only kind of cards that offer this "benefit". Secondly, the problem with using credit cards is that many people recklessly use it and they usually find themselves in big debt. Apart from this, they also need to pay interest when they use credit cards and the interest rates of credits are increasing each year. Whenever you have a bad debt on your credit, you overburden yourself with heavy interest rates and small amounts of interest accumulated on your credit could gradually grow and you may end up being in bigger debt than you could think. Moreover, the notion that credit cards are entirely safe is also incorrect. You could get your credit card stolen and misused by thieves. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
E-commerce
Credit facilities advantages and disadvantages
Top