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Q: Why do responsible consumers use credit or credit cards?
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When are credit cards a form of cash?

It is NEVER a form of cash. Credit cards are plastic cards in which consumers use to buy products that they do not have cash for to pay at the time of purchase. They will promise to pay it off later, but these people tend to use the cards a lot and they never save and can only pay the minimum due.


Does Bank of Scotland use Mastercard?

The Bank of Scotland offers credit cards as one of its services. With three different options for consumers, they offer multiple choices for terms and conditions. All three choices allow use of their credit cards which are from Mastercard.


Pay Credit Card Bills First To Save Money?

Today, it is possible to purchase preloaded credit cards that work like a plastic bank account. Users place money on deposit with the credit card companies for a price, and pay fees each time that the credit card is used. When the amount of the deposit is spent, the credit card will no longer work. The pre-pay credit cards help consumers to budget their available money while using their credit cards to shop. When consumers choose to pay their credit cards first, before shopping, this can help them to stay away from financial difficulties. The consumers who use traditional credit cards are chancing large fees and payments if their current financial situation suddenly changes before the credit card balances are paid off.


Why is credit card debt often considered to be the most dangerous type of debt for consumers?

credit cards charge very high interest rates and their use tends to be habit-forming


Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?

Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.

Related questions

What would constitute a responsible use of credit?

A responsible use of credit is paying off your credit cards each month. Another example of using credit responsibly is using it when you need it only.


Am I responsible for debts on credit cards my husband had prior to our marriage?

If he put your name on the cards so you could use them, you're responsible for all charges you both made. If your name isn't on the cards you don't have to pay.


When are credit cards a form of cash?

It is NEVER a form of cash. Credit cards are plastic cards in which consumers use to buy products that they do not have cash for to pay at the time of purchase. They will promise to pay it off later, but these people tend to use the cards a lot and they never save and can only pay the minimum due.


Does Bank of Scotland use Mastercard?

The Bank of Scotland offers credit cards as one of its services. With three different options for consumers, they offer multiple choices for terms and conditions. All three choices allow use of their credit cards which are from Mastercard.


Spend Less By Paying Credit Card Bills First?

Today, it is possible to purchase preloaded credit cards that work like a plastic bank account. Users place money on deposit with the credit card companies for a price, and pay fees each time that the credit card is used. When the amount of the deposit is spent, the credit card will no longer work. The pre-pay credit cards help consumers to budget their available money while using their credit cards to shop. When consumers choose to pay their credit cards first, before shopping, this can help them to stay away from financial difficulties. The consumers who use traditional credit cards are chancing large fees and payments if their current financial situation suddenly changes before the credit card balances are paid off.


Pay Credit Card Bills First To Save Money?

Today, it is possible to purchase preloaded credit cards that work like a plastic bank account. Users place money on deposit with the credit card companies for a price, and pay fees each time that the credit card is used. When the amount of the deposit is spent, the credit card will no longer work. The pre-pay credit cards help consumers to budget their available money while using their credit cards to shop. When consumers choose to pay their credit cards first, before shopping, this can help them to stay away from financial difficulties. The consumers who use traditional credit cards are chancing large fees and payments if their current financial situation suddenly changes before the credit card balances are paid off.


Spouse died and had credit cards in his name only will wife be responsible for paying creditors in Ohio?

No you wont be, as the credit was in his name only, because if he dies you cannot use the credit cards as they are in his name not yours. This is how I understand the system here in australia.


Why is credit card debt often consider to be the most dangerous type of debt for consumers?

credit cards charge very high interest rates and their use tends to be habit-forming


Why is credit card debt often considered to be the most dangerous type of debt for consumers?

credit cards charge very high interest rates and their use tends to be habit-forming


What credit card banks does Best Buy use?

Yes, Best Buy does have its own store credit card that consumers can apply for. Most large department stores and electronics stores have their own store credit cards.


Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?

Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.


Can you use Credit cards in England?

Yes, many credit cards are accepted in England.