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Deirdre · 10-13-2007

At some stage in peoples lives they will either want or posses a credit card, unless you can pay off your credit card monthly there is no point in taking one out.

People take out credit cards and spend, spend, spend and only pay off the minimum balance owing, this amount will grow each month until you are at a stage that you owe thousands and can not pay your credit card.

People take out personal loans and consolidate to pay off credit cards which is not a good thing to do.

To prevent credit card debt, pay your card in full, monthly or do not take one out.

10-13-2007	#1 (permalink)
Deirdre Member Join Date: Oct 2007 Location: Ireland Posts: 46 Rep Power: 0	Preventing credit card debt At some stage in peoples lives they will either want or posses a credit card, unless you can pay off your credit card monthly there is no point in taking one out. People take out credit cards and spend, spend, spend and only pay off the minimum balance owing, this amount will grow each month until you are at a stage that you owe thousands and can not pay your credit card. People take out personal loans and consolidate to pay off credit cards which is not a good thing to do. To prevent credit card debt, pay your card in full, monthly or do not take one out.