Now-a-Days credit cards have become a fashion as well as a useful item in our lives.Most of the Banks are issuing Bad credit loans cards to their customers. Now in our country especially the new generation banks have appointed even executives for the sale of credit cards.normally the middle income groups are always fascinated by this. They think that after availing one credit card they can simply expend as much amount as they want. But the danger behind it, they are unaware of.If we do not remit the amounts spend through credit cards properly it will bring you very large amount to pay,in the end.These institutions are levying very high interest also,about 30 to 40 %. If we do not pay for three or four months,they will send Goondas to collect the amount. These Goondas will torture us in every way they can. At last we will be compelled to pay the amount we had taken and it’s interest forth with. In my experience,the best use of it is by remitting the amount we avail by credit card one month, should be remitted the next month itself. If we do this with out any default, the credit cards are useful, otherwise not. Although this is done promptly, there is still another danger. Each year they levy on us a big amount,named renewal fee. This is existed only in certain banks. They enter this amount in our monthly statements.Then only we will know about it. In any way we cannot, now, live with out credit cards.If you pay off all your debts on time you will live a happy life, with much less worries and also be able to save money for your future retirement.
- No Related Post