Credit cards are actually a loan in disguise. They are not free money. If this golden rule is understood it would prove to be the first step towards avoiding the never-ending credit card debt. Taking a credit means taking a loan from someone who has extra at this time when you don?t. But this is the beginning of the credit card debt. Credit card debts come in handy while traveling and other expenses where cash is hard to find or hard to carry. Moreover it is good to have credit card debt limit free for times when cash is sparse.
Many people overspend on credit cards and end up in credit card debt. The vicious circle never ending high credit card debt interest start and finally leads to total loss of peace of mind. To avoid credit card debt some important note sho View the rest of this article