Tuesday, April 8, 2008

Do I need a credit card?

Credit Cards are great facilities but they end up bringing financial ruin to many people because they do not use them properly. Too many people get a credit card and then find that it is maxed out within twelve months. Then for the rest of its existence they end up paying off interest and barely making a dent in the principal. This is not a good way to manage your money.

In order to encourage students to sign up for credit cards, there are many strategies from credit companies to attract their target. In this case, the target is the students. Some of the strategies are by giving away trinkets such as T-shirts, water bottles, Frisbees, coffee mugs, etc. Sound interesting, right? It is but thinks twice before you make a choice.

Credit cards can help student build a positive credit story. This can enhance student ability to receive a private loan and full filled their needs. There are thousands of credit card offers out there. You can get your answer on credit offers by comparing the benefits from each offer and do some research on the companies to determine which offer best for you. You should learn about credit to get your answer on credit card offers.

If you owned the credit card it doesn’t mean that you can buy anything you want without thinking first. It may give bad effect to your future financial if you didn’t shopping wisely. Planning your financial is the best way to manage your financial even though you are using credit card.

1 comment:

Unknown said...

Credit card is an excellent facility for using it for financial matters. But sometimes it bring up ruin to some people who don't use it properly. They pay interest to the issued authority the whole 12 months.
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