Why you should not use Credit Cards

 

Till I got my first credit card in my life I never even gave a thought on the word stress and I learnt how stressful it will be to have a credit card in hand. Not many people realize that having a credit card in their hand itself is like carrying a lifelong debit with them.

Even if they spend a penny using a credit card it becomes a debt with a service charge and tax. Also the credit cards give people an instinct to spend and buy whatever they see and thus stops them from giving a second thought about whether the expense is really a worthy one or not.

These realizations about credit cards and various kinds of loans came to me only after I attended consumer credit counseling, a service offered by a nonprofit organization. They helped me to cut my monthly debt payments by fifty percent and also helped me to eliminate the interest.