Buying on credit essay

Are herehomefor investorsprepare to your credit score impacts your financial people do not know about the credit scoring system—much less their credit score—until they attempt to buy a home, take out a loan to start a business or make a major purchase. A credit score is usually a three-digit number that lenders use to help them decide whether you get a mortgage, a credit card or some other line of credit, and the interest rate you are charged for this credit. The score is a picture of you as a credit risk to the lender at the time of your individual has his or her own credit score. The riskier you appear to the lender, the less likely you will be to get credit or, if you are approved, the more that credit will cost you. When it comes to locking in an interest rate, the higher your score, the better the terms of credit you are likely to most well-known credit scoring system was developed by fair isaac corporation and is called the fico® score. The three major credit bureaus—equifax®, transunion® and experian®—use the fico scoring model for their proprietary systems. This is because lenders and other businesses report information to the credit reporting agencies in different ways, and the agencies may present that information through their proprietary systems e different lenders have different criteria for making a loan, where you stand depends on which credit bureau your lender turns to for credit your credit score affects e you want to borrow $200,000 in the form of a fixed rate thirty-year mortgage. If your credit score is in the highest category, 760-850, a lender might charge you 3. If, however, your credit score is in a lower range, 620-639 for example, lenders might charge you 4. Although quite respectable, the lower credit score would cost you $184 a month more for your mortgage. Over the life of the loan, you would be paying $66,343 more than if you had the best credit score. Think about what you could do with that extra $184 per ining your credit , how do credit bureaus determine your credit score? Fair isaac has developed a unique scoring system for each of the three credit bureaus, taking the following five components into account:Length of credit credit (inquiries). Helps and hurts a credit is what each component says about you:Payment history details your track record of paying back your debts on time. This component encompasses your payments on credit cards, retail accounts, installment loans (such as automobile or student loans), finance company accounts and mortgages. Late or missed payments hurt your s owed or credit utilization reveals how deeply in debt you are and contributes to determining if you can handle what you owe. If you have high outstanding balances or are nearly "maxed out" on your credit cards, your credit score will be negatively affected. A good rule of thumb is not to exceed 30% of the credit limit on a credit card. For example, if you borrowed $20,000 to buy a car and have paid back $5,000 of it on time, even though you still owe a considerable amount on the original loan, your payment pattern to date demonstrates responsible debt management, which favorably affects your credit of credit history refers to how long you have had and used credit. The longer your history of responsible credit management, the better your score will be because lenders have a better opportunity to see your repayment pattern. If you have paid on time, every time, then you will look particularly good in this of credit concerns the "mix" of credit you access, including credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. Instead, this factor considers the various types of credit you have and whether you use that credit appropriately. For example, using a credit card to purchase a boat could hurt your credit (inquiries) suggests that you have or are about to take on more debt. Opening many credit accounts in a short amount of time can be riskier, especially for people who do not have a long-established credit history. Each time you apply for a new line of credit, that application counts as an inquiry or a "hard" hit. By contrast, applying for numerous credit cards in a short period of time will count as multiple hard hits and potentially lower your score. Soft" hits—including your personal request for your credit report, requests from lenders to make you "pre-approved" credit offers and those coming from employers -will not affect your credit puts money in your credit management leads to higher credit scores, which in turn lowers your cost to borrow. Living within your means, using debt wisely and paying all bills—including credit card minimum payments—on time, every time are smart financial moves. They help improve your credit score, reduce the amount you pay for the money you borrow and put more money in your pocket to save and invest. Finra is a registered trademark of the financial industry regulatory authority, are herehomefor investorsprepare to your credit score impacts your financial people do not know about the credit scoring system—much less their credit score—until they attempt to buy a home, take out a loan to start a business or make a major purchase. February 05, writing task 2: 'credit cards' l people have asked me for help with the question ys it is easy to apply for and be given a credit card. Might be surprised to see a question about credit cards, but i don't think it's as bad as it seems. Let's summarise the advantages and disadvantages:Advantages:a credit card gives you access to money and the facility to pay it back later, like a loan. Easy access to money means that people spend, and this benefits the antages:credit cards encourage people to spend money they do not have. When people cannot pay their debts back, everyone suffers: those in debt may lose their homes, the banks lose money, and the whole economy : try using these ideas to write full by simon in ielts writing task 2 | can follow this conversation by subscribing to the comment feed for this is true that nowadays it is easier to be given a credit card, and there is not any trouble with it when the owner has enough money in the bank account for paying the things that he is buying. Think of the credit card as a financial product that a company is selling you, and it has its advantages. The major one is that a credit line allows people to afford for things that cost more than the total amount of money available in their bank account. With a credit card he could afford a hotel, a flight ticket or whatever he needs to return home, even if he has no money in his bank account. Of course, this service has costs, that are the taxes for having the credit card and the interest rate for the money he borrowed, that will have to be the other hand, there is the problem related to those who are not able to manage their own money. They often buy more things that they can afford, just because their credit card let them do it. These situations do often ends with the economic bankruptcy of the card conclusion, i think that the advantages a having a credit card outweigh the disadvantages for those who are able to manage their money, and the contrary is the case to those that expend more money that they already have. You're great i suggest this website everyone i day, february 05, 2014 at 12: is true that of late any common lay man can easily access to credit my perception ,eventhough at times they cause trouble like debts,but mostly it turns to be of great day, february 05, 2014 at 12:day, february 05, 2014 at 13:40. When i came to the second task i wrote only the introduction and a few advantages of credit cards then the time was over. Practiced all 8 cambridge books and books i expect agood result it was for can you help day, february 05, 2014 at 14: credit card is the greatest technique to exchange money a days maximum people use to credit a days people easily get credit card and it has lots of advantage. Think most of the advantage think is user get debt with credit card and bank has given some days to loan the other hand many people use for shopping and another advantage is user easily buy a lot of thing in spending is major problem and they can safe their time very true that everything has some negative can debt easily but if timely they can not their debt,they lost their many thing,such as home,car,asset and so y i want to say everybody should use credit card limitationally and should not take any kind of day, february 05, 2014 at 14:55.

February 05, 2014 at 15:ys, people rely more and more heavily on credit cards and it's been argued whether credit cards benefit our lives or not. In my opinion, credit cards indeed make our lives easier and are lots of advantages using a credit card. First, a credit card gives people access to money and the facility to pay it later, like a loan. Secondly, to some extent, credit cards are a safer and more convenient way to pay. With your credit card, you can just leave your wallet at home, and no need to worry about losing your cash. Last but not the least, using credit cards can boost the economy since accessing to money becomes so easy. People will have the tendency to spend r, although there are so many advantages in using a credit card, we still need be attentive to some disadvantages. Since credit cards encourage people to spend money they do not have, people may face the problems of building up debts and financial difficulties. Therefore, using a credit card can also be dangerous for those spend more than they can conclusion, the invention of credit cards have a great impact on our modern lives, changing our shopping habits and modes. February 05, 2014 at 17: is true that credit cards, as a new method of payment, have become socially acceptable to the masses. Some may argue that credit cards will ruin an individual’s life by offering a way of ease of access to money. However, i am of the opinion that the benefits brought about by credit card prevail over their cards may spawn greater benefits on individual and societal levels. For example, a semi-skilled student with financial difficulties could receive higher education by paying his pricey tuition fees on credit, and pay back after he is capable enough of finding a decent job. Furthermore, credit cards, to some extents, can immensely boost national economy when people are encouraged to spend more in their daily lives, which unavoidably leads to the sustainable economic is, however, a certain disadvantage. Common sense informs us that credit cards can generate an illusion that people’s buy habits can be well-managed and self-controlled by repaying a small proportion of their earnings on a weekly this circumstance, the youth would be biggest victims, because most of them are psychologically and emotionally immature, and it is hard for them to exercise self-restrain before spending money on things they like by credit cards. Therefore, they are likely to suffer from uneasiness, anxiety and frustration when they finally realize that the enormous debts have been built up and the possibility of repaying them is very conclusion, credit cared are of great assistance to the people who are plagued with chronic financial burdens, but not everyone can well handle them which can persuade people to buy things day, february 05, 2014 at 17:ally, i think 'credit cards question' is a kind of transformation of the advertising topic. I mainly use some ideas from writing adverting-related essays, which are easy to help me expand my day, february 05, 2014 at 17: card is becoming a very popular tool in both online or in store shopping, however this is not risk free, if consumers cannot pay back the money on time, huge penalty will apply. In my view, i think this payment type should be are numerous benefits to use credit card. Credit card payment, as a way to pay, offers customers money to purchase goods that they might not be able to buy it otherwise. Take car purchase as an example, some people might not have such amount of cash on hand to pay for the vehicle, with credit card you can either payout once by borrowing money from credit card provider or pay the monthly instalments. The prevalence of credit card stimulates consumers’ purchasing power; as a result, it increases a country’s gdp, which represents a country’s economic success. As the merits mentioned above, it is obvious that credit card can actually benefit people’s life on more than one eless there are also some disadvantages in using this new way of consumption. The major issue with credit card is the huge penalty occurs when people cannot payback on due day. In addition to that, some may worry that excess impulsive purchase is like to occur for those who lack of sales e of some disadvantages of using credit card, i see this as a positive trend as it not only helps people when they short of money but also enhances national economy. Task response, do i have to focus on the approval of credit card is easy? My essay, i sense the point of this question is "credit cards' advantages and disadvantages". Take car as an example, some people might not have such amount of cash on hand to pay for the vehicle, with credit card you can either payout once by borrowing money from credit card provider or pay the monthly instalments. In addition to that, some may worry that excess impulsive purchase is like to occur for those who lack of sales e of some disadvantages of using credit card, i see this as a irresistible positive trend as it not only helps people when they short of money but also enhances national economy. The main task left here is to promote a rational ay, february 06, 2014 at 03: simon can we use contemporarily in the very first line of essay ay, february 06, 2014 at 08: you very much simon. Thanks , people may require too little effort to have credit cards, but difficulties may occur at a later time when they can not pay what they owe. Credit cards may be very helpful in times of need and emergency, however, it poses great risk and cards have many uses. For leisure, like booking for an extravagant holiday, one can swipe a credit card to pay a flight, hotel and meals. Moreover, i benefitted from a credit card when i booked for the canadian registration for nurses examination (crne), jurisprudence examination, and international examination for language testing system (ielts). When things get worst, the things bought may be asked to be returned, and if it can not be given back, such as those for recreation, a house or a car can be asked to be matter how fascinating a credit card may be, i do not lure myself to using it for leisure. February 06, 2014 at 12: is my version, it almost takes 1 is true that people nowadays are given a more convenient access to obtain an credit card than ever before, while some credit-card holder could not afford to return their debts back to the banks in time. A credit card gives you access to money and the facility to pay it back later, like a loan. On the other hand, easy access to money means that people spend, and this benefits the r, applying for credit cards easily may give rise to some problems as well. First of all, credit cards encourage people to spend money they do not have, which could trigger a debt issue. Even the whole economic system can be unsustainable and vulnerable after suffering those debt conclusion, having an easy access to credit cards may beneficial to the individual and society. But, in my point of view, relevant supervising measures should be taken ay, february 06, 2014 at 13:ys it is easy to apply for and be given a credit card. Is all too easy to obtain a credit card and then to run up debts which are difficult to repay. In my opinion, the disadvantages of credit cards far outweigh the people consider only the benefits of owning a credit card. It is true that a credit card gives you access to money and the facility to pay it back later, like a loan. In addition, having a credit card is more secure than carrying money around with you. If you lose your wallet or purse, or if you are mugged in the street, a quick phone call to the bank means that the card will be instantly refused if anyone tries to use the other hand, credit cards encourage people to spend money they do not have.

Do not be tempted by the ease of using a credit card, because it may result in mounting debts which cannot be paid ay, february 06, 2014 at 15:, let me start by showing my deepest thanks to you as we all do benefit from ur lessons. We use credit card for emergencies and for expensive things as well as buying house, or buying a car, or even starting a small project that can ensure us a happy life with no financial problems. So, there was no other option for him but to have a credit from the bank. Secondly, with your credit card, you can just leave your wallet at home, and no need to worry about losing your r, although there are so many advantages in using a credit card, we still need pay attention to its disadvantages. Since credit cards encourage people to spend money they do not have, people may face some main obstacle is not being able to pay your debt back to the bank . The result was that he suffered a lot from his supermarket as he didn’t achieve many sales which led to the loss of his products and so many others, and then he did face many problems to pay his debt back by selling his super market and selling his house as well and borrowing from the whole, having an easy access to credit cards can be beneficial to the individual and society. I do reckon that the existence of credit card did and still solve many financial problems for people, just in case we need it for something necessary, to avoid any sort of ay, february 06, 2014 at 20: is my version of this topic. More and more people rely on credit cards to defray the dollars when they are shopping. To begin with, credit cards give people access to money and the facility to pay it back later, like a loan. Furthermore, since using credit cards to access to money is too convenient, it encourages people spend more dollars to buy goods and also enhances economic growth to a certain payment in question is not without drawbacks. It is because credit cards often allow holders to make a purchase that they cannot afford. Obviously, the bad debt builds up and leaves people in real financial and large, although there are some benefits of employing credit cards, i firmly believe that the problem namely insolvency it causes is really , february 07, 2014 at 09:38. Did not mention my opinion in the introduction gust said i will look at both the negatives and positive and try to give my second paragraph was about one of the advantage which is the facility of buying expensive thing without the need of having a huge cash money in your third one was about the second advantage which is a good way of saving your money and watch your expenditure from rest of your home without going to the bank and cash and cash out stuff specially with the aid of online forth paragraph was included two drawbacks which are 1 build up loan and get bankrupt 2 stealing and the risk of accessing your personal info besides slashing your account to the the conclusion ,my opinion was the positives outweigh the negative if we use it , february 07, 2014 at 16: simon, iam not good for writting. Ielts , but iam not sure very a modern society, a credit card has become an essential part of many people’s lives. However, in my opinion, using credit card can have a double – edged impact on our lives. Credit card gives you access to money and the facility to pay it back later, like a loan. Some people can be loan money from banks by the credit card to buy house, car and travel. Furthermore, the credit card could be useful for emergencies or something expensive, like a holiday. Besides, using credit card also is the root of all cards encourage people to spend money they do not have. As a result, children have to earn money instead of going to school and lead to illiteracy evil which is destructive of credit card is good ideal in modern society, but we need to balance reasonable expensing when we decide to draw some money from our credit , february 09, 2014 at 07: we write plastic money instead of credit card? February 09, 2014 at 15:tulation emilie, you've done a great could you please share your ideas and essays in discussed essays and speaking topics in this website? Would be a great help for us and i really appreciate , february 10, 2014 at 03: the widespread of using the credit cards has been offering substantial benefits for individuals in recent years, it may cause several problems as well. For instance, people are able to pay various bills such as monthly water payment with a credit card and pay back later, even without interests attached. Secondly, the credit card could be significant useful when people confront with an emergency or afford something quite expensive, such as an overseas vacation. Furthermore, the credit card is widely considered as a more safe way while it is quite risky to pay a large amount of cashes in some occasions. Conclusion, despite of some potential risks for using a credit card, people are more likely to benefit from its conveniences and flexibility in a variety of daily businesses. Today’s consumer society, credit cards have become very popular and convenient source of spending money. However, it is believed by majority that their use brings more problems in people’s lives than tes of the credit cards certainly consider only the benefits. It is true that owning a credit allows easy access to money and the facility to spend it like a loan, which can be returned later. This could be more useful in unprecedented situation where one has to spend huge amount like treatment in a private r, credit cards encourage people to involve in many harmful practices, which they could have avoided otherwise. Banks also lose their funds when people are unable to pay back their mounted loans, and as a result overall economy a credit card also involve some safety risks especially making purchases online. When people buy products online, their confidential information about credit cards is revealed to so many different parties. So it makes them more vulnerable to hackers who can empty the bank accounts in a matter of seconds and misuse the credit card information. This can ruin the lives of the whole family and is an unavoidable risk at all conclusion, despite the fact that credit cards make our lives much easier and enjoyable, they can create a number of problems, which have more detrimental effects. In my viewpoint, credit card is a boon which might turn out to be a curse by its obsessive usage which needs to be one side of the track, the advocates of credit cards have termed it as basic necessity of life. These are some of the strong points to commit for credit cards as a matter of fact its demerits should not be other side of track, the critics of credit cards warn its consumers about the smart traps which it lures, one of them is that the consumers buys aggressively, ignoring the budget at their disposal which is the main cause of their debt accumulation. As a consequence, banks at times auctions offender's property or impose travel ban in order to recover their conclusion, credit cards has indeed facilitated its consumers with its credibility while its managed use can combat the menaces that it , february 16, 2014 at 10: advice me how i can get overall 6 , february 16, 2014 at 19:31. Thank you very is my first a credit card and accumulating the debts are easy. In my point of view, i think the disadvantages of credit card outweigh its , february 21, 2014 at 08: today's world, credit card become so popular that everyone can easily avail and use it. We cannot deny the fact that it is one of the convenient way of spending money especially in times of tes of credit cards tend to emphasize the advantages that having a card can make. Aside from that when we use our credit card online, our identity and confidential information can be at risk of being cards company cannot promise a strict protection for our sum, people should learned and be responsible in using their credit cards because the advantages can only be outweigh by disadvantages depending on the attitude and responsibility of the person who use , february 23, 2014 at 05:ys it becomes very easy to obtain credit cards. A heated debate has sparked about the merits and the demerits of these credit cards. From my perspective, their disadvantages are more significant than their one hand, credit cards have many merits which are very useful and y, they allow easy access to money and give us the facility of repaying it bake later, as a loan. Finally, credit cards encourage people to spend money, thus economy will the other hand, there are several drawbacks. Everyone will suffer; people may lose their homes, banks will lose their money, and the economy will conclusion, although credit cards are a useful facility to be used, they may cause some cards contribute to economic crisis in many countries in the last people must take care while using their credit cards to avoid losing everything they , february 24, 2014 at 17: everyone, can anyone please comment on my essay, i need 8 in writing, thanks in advance :).

In this essay, i will contend this statement in more detail and provide extra supporting begin with, credit cards are used in all over the globe. Secondly, it is often witnessed that credit card detail is hacked from every corner of the world. For example, in recent years, most of the crackers hack details including password of the credit cards and shop extravagantly before the owner realize that his information is compromised. In such emergency, people can use credit cards rather to go out and request others to give a deposit instantly. Moreover, in other situations, like pay bill before due date or salary time, are also another advantages of credit cards. Hence, the only need is to use these cards carefully, securely and in limit to avoid its recapitulate, credit cards have become an essential part of life. The need is to be careful, conscious and control over its disadvantages to take its full ay, march 01, 2014 at 01:ay, march 01, 2014 at 02: and more people prefer to pay by credit cards rather than by cash, cheques, or debit cards. In my view, the advantages far outweigh the edly, using credit cards unwisely is very likely to put people, both cardholders and card providers in trouble. Some people, especially the young, rack up debts they are never able to pay back since they have very easy access to money via credit cards and they often tend to spend money than their means. In addition, card firms will charge a relatively high interest as long as the cardholders forget to pay the loan off before the monthly repayment r, credit cards have changed our lives in many positive ways. People do not need carry big amount of money everywhere if they have a credit card as they are already accepted widely around the , if people want to purchase something really expensive, like car, digital slr camera or a nice trip without enough money for one time payment, credit card can help as we can spread the cost over several months. Conclusion, there are more advantages than disadvantages and i believe credit card is one amazing innovation in modern society, making our lives more convenient and y 250 words, welcome comments for my improvement! March 03, 2014 at 13: today's era, credit card has become easy tool to do shopping because it is used globally . Every coins have two sides same use of credit card have pros and cons which i have discussed below. Finally , essay access to money means that people spend more, and this benefits to the country. On balance, however, i tend to believe that credit card make our live easy y, march 04, 2014 at 11: card is one of blessing in new era. In my opinion credit card have more advantages than card gives you money which you don’t have, but you can use for a time being to meet your need even big expenses which you are not able to afford. Using credit card will also give the boost to economy and money will the other hand credit card is nightmare for personnel life. This will also affects the conclusion, it is suggested that credit card carry more advantages over disadvantage if person uses it in wise and smart y, march 04, 2014 at 19: i am reading other people's comments, i feel embarrassed about my work. Still want to post my is really common to get a credit card easily nowadays. So i think the disadvantages of credit cards far more overweigh the credit cards does bring lots of convince to people on daily consumption. One is that a credit card gives you access to the money and the facility to pay it back later. For example, some cinemas offer half price tickets if customers are paying by credit cards, from which bank they deal r, it could't ignore the disadvantages it has taken to owners. If less self-control person using a credit card, they might consume goods that they do not need. As a consequence, people might lose their homes, jobs, the bank lost money, and the whole economy my view, before applying a credit card, it is better to have a deep consideration. The bank are responsible to identify whether the applier has the ability to pay the debts ay, march 06, 2014 at 02: this world of commercialism, it is true that obtaining a credit card is simple and easy as long as you are qualified of having r, the wrong usage of credit card problem may now exist, paying back of debts are my opinion, the disadvantages of credit card far outweigh the card may give convinience and benificial to everyone using gives you an access to money and facility to pay it back later like a is also useful for emergency situation like for example: for hospitalization and for buying medicines when you have no cash on hand gh, there are many advantages in using a credit card, we must still need to be cautious for the disadvantages brought by using a credit , it encourages people to spend more money they do not have, also many people may face the problem of building up debts and financial people cannot afford paying back their debts, everyone may in debts may lose their home, banks lose their money and the economy suffers conclusion, the innovation of credit cards have a great influence in this modern wold, it is necessary for everyone to learn using the credit cards more cautious and be more , march 07, 2014 at 08:sing a credit card has been an inevitable thing in the modern life. It's really simple to register and get a credit even without going to the bank. While many people find credit card useful and convenient, others struggle with suffering from debts overhead due to the incapability in pay loans back. Arguments have come up regarding the benefits and negative impacts of credit card in people who use it; however, i believe there are more advantages than disadvantages of credit use credit card for various reasons. Firstly, with a credit card, we can buy now and pay later at no additional cost as long as we pay money back by payment due date. Secondly, it's also a convenient and nice way to make a payment of something we buy instead of paying cash, not to mention the discount we receive from using credit card at selected department stores. Speaking of economy in general and banking industry in specific, credit card play a tremendous part. The more people use credit card the better it is for the economy: that way more money is circulated, vendors and shops get to sell more goods and make an card seem to have some disadvantages too; however, i believe the problems caused by credit card are not something cannot be solved or prevented. The first problem we usually see is that a lot of people use credit card to buy to many things or a expensive item; because one person can possess more than one credit card, it's mean that we can spend a lot of money that we are not even able to pay it back in one or two months. Late payment fee is also another problem to build up the debts of credit card user. The original cause is that the bank want to increase profits from credit card so they are easy to accept credit card applicants. I believe debts can be avoided by increasing the credit of credit card user between bank there are problems there can always be solutions. I believe credit card should be highly promoted, especially in modern society where technology inside credit card help people have a better , march 10, 2014 at 03: is true that people can buy anything via credit cards because it is very easy to apply for and be given. In my opinion, there are severe drawbacks that people suffer financial problems when they ues it frequently without any is no doubt the credit card is very practical when it comes to the convenience. In addition credit cards are to safe way to pay because it is locked personal password. Easy access to money means that people spend, and this benefits the economy r, credit cards is involved several disadvantages too. Moreover people may lose their houses and cars, in other words, everything will leave from their conclusion, i am convinced that when people use their credit cards, they should aware whether it is efficient consumptions or not. Although the credit cards seem like really convenience in your life, you need to watch out because it is able to eat all your , march 10, 2014 at 04:ys it is easy to apply for and be given a credit card. Some people often end up with financial problems when they overspend with their credit cards. Even through, i still believe that the drawbacks of credit cards are outweighed by the benefits of is true that credit cards may bring troubles to some people.

Having a credit card, people are given an opportunity to spend money they do not have and are allowed a minimal amount of monthly repayment. As a result, they may end up losing their homes and their whole family will suffer from their reckless spending, which is often too later to the other hand, credit cards can certainly help people in many ways. Firstly, credit cards give people access to money and the facility to pay it back later. For example, when parents are short of money to pay their children’s tuition fees, they can use their credit card and pay the money back later. They can pay their accommodation, transportation and other things with credit cards needless of exchanging their money to foreign currencies. So, the whole society can benefit from sum up, while i accept that credit cards may be of certain risks for people who lack self-control, i tend to believe that the they do more good than harm to people and the , march 28, 2014 at 03: card is a new technology that people can used it in resent years. Thanks a ys, it's easy to get a credit card, and most people are owning at least one. While credit card has some advantages, the disadvantages of it seem to be edly, credit card has some advantages. Firstly, credit card is useful in emergency situations such as when people forgot bringing cash, they can use credit card to make a payment. Furthermore, most of airline companies tend to sell tickets online, so people have to pay by credit card or visa. They don't accept for using cash, since then credit card could be a best choice is this case. As a result, using credit card is convenient, and it becomes a great solution in a risk some advantages, credit card also has some drawbacks. An reason for it, when people trade frequently by credit card, they may lose their control of paying for shopping or traveling. More seriously, the whole economy could be going conclusion, even making a payment by credit card has some advantages, but it also has a lot of my opinion, i discourage people from using regularly credit card. While i believe that credit cards have many advantages, at the same time it has equal the one hand, credit cards have many advantages like it provides easy access of money from any part of world, so it is more convenient way of paying, for example, while holidaying in other country rather than carrying cash, credit card is the best option. Payment through credit card is secure when compared to carrying money with us, as there is chance of losing it. Further, credit cards provide some benefits like carrier insurance and warranty; discount on also gives some reward points where we can utilize them in the other hand, using credit cards have some disadvantages. For instance people spend money which they do not have, as a result customers become indebted to the credit card provider and so they drive to bankruptcy. It weakens the self-regulation, for example most of people likely to spend more money when they pay by credit card, moreover, credit cards have high fees and intrest charges; thereby it is difficult for the customers to pay. Sometimes there are fraudulent transactions through credit cards, where people have to pay more l, credit cards are very useful to the customers when it is used in a controlled and balanced way. One should be cautious while using credit ay, april 24, 2014 at 18: is an indisputable fact that a lot of people prefer to use credit cards instead of cash for one reason or another, which shows that credit cards are attracting people more. However, as a credit card user, i do not agree with those who think so, and i think the benefits of using a credit card outweigh the drawbacks and the advantages will be discussed in this of the benefits is that a credit card enables you to access money and the facility to pay it back later, like a loan. Thanks to a credit card, he bought a nice gift for his wife r benefit is that credit cards are a safe way to pay. On the other hand, many people can use it for shopping and buying a lot of things online easily. For example, i have always used my credit card online in all, although some people believe that using a credit card has more drawbacks than benefits, i think that credit cards offer us access to money and are a safe way to ay, may 08, 2014 at 22: someone please give feedback on my writing? In my view, the disadvantages of credit card far outweigh the the one hand, credit cards give people access to money and the facility to use it and pay back later, like a loan. In addition, credit cards are a safer way to pay, as cards are fully insured and there is very less chance of money getting stolen. Furthermore, using credit cards and paying back on time helps build good credit history which can help people in getting heless, the serious problems associated with the use of credit card are of far greater importance. Secondly, as credit cards have high interest rates, paying back is not easy, as a result debts build up and leave the person in real financial crisis. Those in debt can lose their homes, banks lose money and whole economy conclusion, this growing trend of getting credit cards easily is dangerous in many respects. Use of credit cards has far greater disadvantages than advantages for almost individuals and economy as a day, august 27, 2014 at 19: card becomes an important tool for human life and it’s becoming more common to use those cash advance methods than before. In my opinions, i think the advantages of credit card is overcome the harm from credit of the people complain about credit cards encourage people to spend money they do not have and spend on those things they cannot afford. If the person does not have any assets for pay back, the banks lose money and influence the whole economic of the another hand, a credit card provides lots of convenience for daily life. Moreover, this could be useful for buying something expensive in a safe way to pay. Besides, easy access to money means that people spend, which benefit the economy as conclusion, there is no absolute answer about it that good to using credit card because this is a dilemma situation. To my way of thinking, there are benefits as well as drawbacks in equal are any number of reasons why, as far as i can see, that people can be benefited from having credit cards. Head and shoulders above all others is that credit cards provide money in advance and pay back later. This can also benefit the the same token, however, there is no shortage of drawbacks why, to the best of my knowledge, that credit cards can impact those card holders. Added to this is the fact that the interest charges of credit cards are very high. Debts can build up and leave people in financial my own experience, i enjoy a lot of benefits of using my credit card. Despite having many advantages, credit card also has many disadvantages that we must consider before we use card gives us an easy access to money which is very useful in the case of emergency or when we must provide a large amount of money immediately but we cannot afford to make it. In the world where distrust grows larger, credit card offers a safe method to pay and to lend money. With credit card, people can shop at the internet at ease because it has multiple identity verification. Besides that, credit card also has a very low interest which makes credit card a good the other hand, credit card can be very destructive if people do not control themselves. Credit card encourages people to spend money on things they do not need and if they do not stop themselves, debt will be their problem.

Therefore, credit card indirectly involves in the increasing of criminality rate in this conclusion, credit card is a very powerful and useful tool in this modern world. In my view, limited use of credit card can save from difficult situation rather than unlimited expenditures make out of control a day’s bank offers attract people for credit money, as a part of their daily life. Almost every place they accept the credit or debit cards even they give some benefits while using these plastic cards. Although, sometimes it hard to pay economist consider that unlimited use of credit card make people in more bad shape debit situations. In spite of real use of credit cards, it comes up with new issue and trouble for the my opinion, today the tremendous use of credit cards is a major root cause of bank corrupt, which is the disaster of human life. While it is recorded that it creates inconvenience and problem to the ones who do not pay back on due, i believe that it’s benefit to users are much more than its the one hand, credit card brings card holders undeniable benefit. Firstly, it lets users purchase, even running out pocket, products or service within a threshold which may be up to five times of monthly income then pay back to the bank who issue that credit card within a period of time which usually 45 days. Finally, owning a credit card proves that the owner has a good financial health and this is a fundamental factor to be considered when owners apply for loans by financial r, credit card holders get troubles if they are unable to pay back amount they spent to card issuers. Their personal information is a target of crime who attempt to obtain credit card numbers then use it to purchase conclusion, it seems to me that benefit of using credit card is more significant than the possible dangers credit cards may y, september 30, 2014 at 17: check my essay below. Please reply : is very easy to get a credit card and then ran up debts which are difficult to pay back later on. While it is beneficial to use these credit cards, i highly believe that the disadvantages outweighs the people believe that a credit card gives access to money and the opportunity to repay it later, just like a loan. Lastly, as convenient as it is, easy access to money means that more people are encourage to spend more and thus, benefits the economy as a r, there are a number of people who argue that credit cards encourage people to spend more of what they cannot afford to pay. Furthermore, when people cannot pay their debts back, everyone suffers; those in debt may loose their properties while the backs lose money and as a result, the whole economy suffers and worst, people with liabilities sometimes end in the main, although using credit cards bring convenience to most people, the problem of debt will not be eliminated unless one have the discipline and utmost caution on proper gladys b. The usage of credit card has brought in the advantages and disadvantages in our community as discussed are several benefit of credit card including an easy access of financial loan which will be paid back later. Credit card serves as an emergency tool in case of financial crisis which requires immediate action for instance illness and in safest way to pay. Also the community member are secured psychologically when they are assured that their emergencies can be easily solved by usage of credit cards, this increases less burden of government incurring cost in police force due to reduced violence and health care settings as there will be less patients suffered from stressful illness such as r the setbacks of using this payment method of credit card indicate that many people are encouraged to use the money which they don’t have. The economy of the country and individual is devastated when there is failure in paying of debts occurred by poor usage of credit my opinion the disadvantages of using the credit card outweigh the benefits as discussed day, october 08, 2014 at 14: banks today have reduced the formalities required for issuing a credit card but the inability to repay credit card debts has driven many into mounting financial difficulties. Yet, i believe that this electronic credit facility is greatly advantageous to people, if handled with proper caution and the first place, credit cards have enabled people to handle their large financial emergencies without strain and pay back the money later in easy installments. On such occasions people can easily make use of credit cards to pay the extra money they heless, if people are not able to repay their credit card interest on time they could end up in serious financial troubles. The above points clearly show that credit cards cause financial liabilities when people use them unwisely or without discretion. Summary, credit cards have proven to be extremely beneficial to people in terms of managing their financial emergencies. If people use them with greater care, they can effectively overcome the negative impacts to a large ay, october 11, 2014 at 14: please help to comment on my writing,It is true that obtaining credit cards are easier these days, but some people have bad experienced with the cards as they cannot pay the outstanding debts. In my opinion, credit cards have more positive aspects than the negatives for those who can control the the one hand, credit cards have many useful functions for those who could manage it well. Secondly, nowadays it is common to see that restaurants and retailer shops give special discounts for credit cards settlements. Most credit cards are internationally accepted therefore it won’t be necessary for the traveler to bring a lot of the other hand, many people confront serious problems with credit card debts. As a consequence, the outstanding balances were carried forward to the following months and charged with high interest conclusion, credit cards have their own positive and negative sides but i personally think they have more benefits than the drawbacks for those who use the cards y, october 14, 2014 at 10: exam date is 29 jan. In similar way credit cards eliminate need of bank notes, which is costly and unsustainable. Now my question is that these are advantages of electronic money, not specifically credit cards. Is required to post a enter a valid email enable javascript if you would like to comment on this sting essay & management paper sample. 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In spite of the benefits presented by credit cards, they may be a painful bane to consumers’ finances if used imprudently. This essay will discuss why people should refrain from buying things on credit ncies call for immediate responses and in such cases, credit card holders may resolve to use their cards for cash advances from atms to combat their insufficiency (lewis, 2012). All this makes the card holder a huge zaar states that credit cards come with restricted cash inflows, limited to 20-50 days. This means that people buying things on credit cards should have reliable means of generating cash flows to offset payment on their credit card before due se, if people buying things on credit fail to promptly pay for them, the bought things are likely to cost much more than their original price. For instance, a person can use his/her credit card to purchase a 12-pack of cola from a grocery store at $5. If at the end of the month the credit card bill reflects that the consumer already owed $ 497 and his/her credit limit is $500, it means that the $5 purchase surpassed the credit limit. In short, the 12-pack of cola ends up costing $32 instead of $ conclusion, people should avoid buying on credit cards because it needs more than prudence to purchase only for needs instead of preferences. Using of credit card to acquire items potentiates overspending which is likely to lead to a debt ght © 2010-2017 skagitchildrensmuseum - all rights your college essay written today!