From a psychological standpoint, human need for money is proportional to what each specific person is interested in buying and what they think is within range. Therefore in some people, credit card dependency can breed an overestimation of what they can afford. The result of this state is an increase in the demand for money to either repay the borrowed credit or suppliment credit purchases with additional funds.
Short Term: [PRO]
In the short term, credit cards allow customers to purchase products and services they would not normally be able to afford. This stimulates the economy at large.
Long Term: [CON]
Individually, each consumer pays interest on purchases not repaid by the end of the month. Comsumers who can not or do not repay this debt can become trapped in a financial quagmire which in the long term can have the opposite effect on the economy at large.
In the current market, credit card companies who fail to regulate the issuance of credit to unacceptable debtors mortgage our financial future and further drive the public demand for more money into unreachable standards.
Although many people treat them as such, no, credit cards are not considered to be money.
how can it get free money to pay off my credit cards
no you go into a deeper debt with credit cards. creadit cards are not money. you BORROW the money and they want it back really quick.
Credit cards were made because banks wanted to keep up with credit as in owed money better.
Balance transfer fees are charged on credit cards for sending money from one credit card to another. These fees have a big impact on how much you can save.
decrease in the demand for money
Credit cards.
Although many people treat them as such, no, credit cards are not considered to be money.
how can it get free money to pay off my credit cards
no you go into a deeper debt with credit cards. creadit cards are not money. you BORROW the money and they want it back really quick.
Credit cards are a necessity for many business people and there are a wide variety to choose from. To compare interest rates for business credit cards check out Money Supermarket, Money Saving Expert, Money or Money Facts.
plastic money nothing but we use normally plastic card like credit cards, debit cards, etc.,.It is vernacular for credit cards.
Credit cards were made because banks wanted to keep up with credit as in owed money better.
Balance transfer fees are charged on credit cards for sending money from one credit card to another. These fees have a big impact on how much you can save.
Credit cards are not money, they are used to purchase things under a temporary loan, which can be repaid at a later time for a small fee charged by the credit card issuer.
No, you have to apply for most types of credit cards. The only credit cards that everyone can for sure get are the prepaid kinds from the store, you have to pay for cards and then load the money onto them.
cash, credit cards !