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Q: Why is overextension of credit dangerous?
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Related questions

What are the results of overuse or overextension of a ligament?

strain


Hypertension is the overextension of a limb or body part beyond its normal limit?

no, the correct answer is hyperextension


What caused Germany's economic collapse during world war 2?

overextension of resources


Why is it dangerous to use credit cards?

you tend to overspend


Is it more expensive to borrow from bad credit lenders?

Yes. Borrowing from a bad credit lender can be more dangerous to a person's credit due to high interest rates and short terms.


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


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 to consume?

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


What is the purpose for a credit card?

Credit cards are issued for the purpose of providing convenience when making purchases. There are instances that bringing cash is burdensome or dangerous and using credit card for payment is more practical. Also, a cardholder is provided a credit line. Therefore, even if the cardholders has no cash on hand, he can still make the purchase with the use of the credit card.


When children use overextension of words can they still point to the correct object?

Commonly, overextension means that babies connect a wide variety of objects to the same general word, usually a simple one like "ball" for anything round. When asked, they will indicate the correct object, but also the other objects, as representing that particular word. Telling a baby to "get the ball" could result in retrieval of any object that fits, as in color, size, shape, or function.


Are there any places that offer cash loans for people with bad credit?

There are places one can go to get cash loans if one has bad credit, loan sharks are an option. These alternative lending places are dangerous and not a good choice.


Why should you avoid credit cards?

Credit cards can be a dangerous temptation to some people, if they see it as free money and don't plan for what happens when the limit is reached. If however you use the card wisely, there's nothing wrong with them.