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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 was a result of the stack market crash farmers problems and the overuse of credit?
The stock market crash of 1929, combined with farmers' problems and the overuse of credit, led to widespread economic hardship during the Great Depression. Many farmers, already struggling with falling prices and debts, faced foreclosure and loss of land, exacerbating rural poverty. The overextension of credit resulted in significant personal bankruptcies and a credit crunch, which further stifled consumer spending and business investment, deepening the economic crisis. This confluence of factors ultimately contributed to a prolonged period of economic decline and social upheaval.
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 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 could expanding be dangerous?
Expanding can be dangerous as it may lead to overextension of resources, making it difficult to sustain operations and maintain quality. Additionally, entering new markets or territories can expose a company to unfamiliar risks and competition, potentially resulting in financial losses. Furthermore, rapid expansion can strain organizational culture and employee morale, leading to operational inefficiencies and decreased productivity.
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
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 was a result of the stack market crash farmers problems and the overuse of credit?
The stock market crash of 1929, combined with farmers' problems and the overuse of credit, led to widespread economic hardship during the Great Depression. Many farmers, already struggling with falling prices and debts, faced foreclosure and loss of land, exacerbating rural poverty. The overextension of credit resulted in significant personal bankruptcies and a credit crunch, which further stifled consumer spending and business investment, deepening the economic crisis. This confluence of factors ultimately contributed to a prolonged period of economic decline and social upheaval.
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 do consumers become overextended?
Consumers become overextended primarily due to a combination of unrealistic financial planning, impulsive spending, and the allure of credit. Many individuals may underestimate their expenses or overestimate their income, leading to a reliance on credit cards and loans to maintain their lifestyle. Additionally, societal pressures and marketing tactics can encourage impulsive purchases, resulting in debt accumulation that surpasses their ability to repay. This overextension often leads to financial stress and challenges in managing personal finances.
