Be Careful What You Borrow As You Always Have To Pay

My Overview of the Dangers of Credit Cards -

This is a typical way of people short term getting themselves out of debt or so they believe as it is easy to borrow other peoples money, but more difficult to pay it back. A saying of long ago was if you cannot pay today you will not be able to pay tomorrow and as we all know " TOMORROW NEVER COMES " and we never know what is round the corner. So your debts build up and your credit limit is exceeded and one day a letter on the mat of life comes the final demand saying you owe X but with daily interest accruing at Y sooner rather than later Z is more than you can comfortably afford.

Tips on Balance Transfer Credit Cards: The cost of living is soaring and personal debt levels are mounting on a regular basis. Credit card interest rates are now higher than ever, yet 35% of Brits turn to their credit card to help fund their day-to-day living expenses.

All the posts are provided by my own and personal view of the global financial markets and are not always the views of the people who provided the post or article.