Your Way to Debt : Irresponsible Use of Credit Card
Who wants debt? The fastest way to debt is the irresponsible use of credit card.
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Being trapped into debt will have a tremendous effect in your life and so as your family. Before getting a credit card, ensure that you know the policies of the credit card company and you will be able to use it responsibly. Here are top three irresponsible ways of using credit card :
IMPULSE BUYING
The first pitfalls of overspenders is impulse buying. Everytime you have your credit card in your bag wherever you go, irresponsible credit card user will most likely to fall into temptation of buying things that they do not want. Some people feel that having a credit card is like also having cash on their wallet. Purchasing is just one swipe away. Worst if one goes into over-credit which will have an extra charges.
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MISSING PAYMENT DEADLINES
Not keeping track of the payment deadline will incur charges. The money that you will pay for the charges should have been used for other expenses or can be a savings already. But because of careless handling of billing, you lose in the transaction and the credit company will just be richer from your charges.
NEGLIGENCE OF CREDIT CARD
Negligence of credit card is a sign of irresponsibility. Once the card is stolen, report the incident immediately to your credit company to stop , unauthorized purchase of another person. Always Keep your credit card secure, and do not let children play with it. Be careful on getting extension card for other people or for your teenage child since they may not be responsible as you.
There is power in credit card and so are you over it. Remember Peter Parker? “With great power comes great responsibility.”
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Published in: Consumer Information
Comments: 10 | Post a CommentPost a Comment
ceegirl | Jul 21, 2010 | Reply
Credit cards will get you into trouble with the blink of the eye.
giftarist | Jul 21, 2010 | Reply
I’m not using credit cards that why I’m not prone to debt, I guess.
drelayaraja | Jul 21, 2010 | Reply
Great share. I don’t use credit card…
Anuradha Ramkumar | Jul 21, 2010 | Reply
My hubby uses credit card, but he’s very sensible in using it. He doesn’t buy impulsively nor miss his payment dues. Gr8 share.
athena goodlight | Jul 21, 2010 | Reply
very good for those who like to use credit cards.
wonder | Jul 22, 2010 | Reply
A good warning.
scheng1 | Jul 24, 2010 | Reply
I seldom use credit card. I like the feel of money.
Abhipray Sahoo | Jul 24, 2010 | Reply
Very good share for credit card users!
vickylass | Jul 24, 2010 | Reply
Do you know that I’ve been told I’m old-fashioned person for not wanting a credit card? While money exists I’ll use it. When it ceases to exist, I won’t be here, so no worries. I like living on what I have and not going beyond my means. Good article. thanks for sharing.
simplyoj | Jul 25, 2010 | Reply
@Vicky I also know some people who do not have credit card. Others can say anything but at the end of the day its your money anyway. I only maintain 1 credit card for certain purchases I need.Thanks for reading this article.