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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
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.
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.
Why is it dangerous to use credit cards?
you tend to overspend
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
What are the results of overuse or overextension of a ligament?
Overuse or overextension of a ligament can result in a sprain, which is a stretching or tearing of the ligament. This can cause pain, swelling, and instability in the affected joint. Severe cases may require medical intervention such as physical therapy or surgery.
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.
What were the Causes of the bond 1844?
The bond 1844 was a US Treasury note issued to help stabilize the national economy during a period of financial crisis. It was issued following the collapse of several major banks and financial institutions due to speculative lending practices and overextension of credit. The bond aimed to restore confidence in the economy and provide a secure investment option for investors.
How does the consumerism of the 1920s help usher in the great depression?
The consumerism of the 1920s, characterized by mass production and the widespread availability of credit, led to excessive spending and overextension of personal finances. Many Americans purchased goods on credit, creating a bubble of consumer debt that was unsustainable. When the stock market crashed in 1929, this debt burden became unmanageable, resulting in reduced consumer spending and a sharp decline in economic activity. The collapse in consumer confidence and spending contributed significantly to the onset of the Great Depression.
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.
