What do you think about US Credit Card dependence? Is it good or bad?
Brenna Curran
4 replies
Are customers benefiting from these programs or are card companies using predatory strategies that lead to a revolving cycle of consumer debt?
Replies
Krishna Kumar@kkumarkg
Unservicable debt is bad. And on top of that, Credit cards have one of the highest interest rates around.
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I think credit cards are bad. I think most people have a credit card now if not everyone. It's addictive, in my opinion. People get used to spending money they don't really have. And spend naturally more than they can earn. That's why I've stopped using credit cards and am looking for ways to earn more. Sometimes I can take out https://katiecashonline.com/payd.... It's much more convenient than a credit card because that way I can't spend more than I earn. And if I got my salary on time, I would keep the use of loans to a minimum.
Should never be dependent on a Credit card. lol There good to build your credit if you pay it off every month and also to have as a emergency back up for payment. You have to have the discipline and will power to pay it off every month though
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