Preventing credit card debt

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.

Jaybee · 10-25-2007

Without a credit card, there are some limitations. Vacations would be a hassle.

maddy · 11-05-2007

At some stage when a large amount of debts are pending on our bill amount, sometimes we are not able to pay them back easily and create a problem for us

apples · 02-02-2008

To avoid debts, your spendings should be less than your income. This is a simple formula that should be followed if you are a credit card account holder.

danish · 02-05-2008

We should have money management. If we are not disipline, its hard to avoids debt. Credit card is good to use if we are disipline and know how to use it. Buy with credit card and pay with the same amount. They cannot charges us

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.

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10-25-2007	#2 (permalink)
Jaybee Member Join Date: Oct 2007 Posts: 48 Rep Power: 0	Without a credit card, there are some limitations. Vacations would be a hassle.

11-05-2007	#3 (permalink)
maddy Member Join Date: Nov 2007 Posts: 50 Rep Power: 1	At some stage when a large amount of debts are pending on our bill amount, sometimes we are not able to pay them back easily and create a problem for us

02-02-2008	#4 (permalink)
apples Junior Member Join Date: Feb 2008 Posts: 10 Rep Power: 0	To avoid debts, your spendings should be less than your income. This is a simple formula that should be followed if you are a credit card account holder.

02-05-2008	#5 (permalink)
danish Junior Member Join Date: Feb 2008 Posts: 13 Rep Power: 0	We should have money management. If we are not disipline, its hard to avoids debt. Credit card is good to use if we are disipline and know how to use it. Buy with credit card and pay with the same amount. They cannot charges us

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