Credit Cards – Can be very helpful, allow you to get things you normally would not purchase because you do not have enough cash. So, those special items you want to get, like a new computer, a digital camera or camcorder, clothes, jewelry, appliances, furniture and much, much, more are at your fingertips. In short, anything you want to get, you can get with a credit card. Some people buy cars and other major purchases. BUT, there is one thing credit card companies have that a lot of people don’t have —– the money to back up the purchase. A lot of people buy an item on credit but have no idea on how they are going to pay for it, but they think they have to have it. Others make purchases and have not worried about the purchases because they have a job to pay for it—until lately.
Paying off credit cards on time gives you a good credit rating, which allows you to get even more credit. The higher your credit rating, the better your interest rate is on major purchases financed, such as cars, homes, or other high priced item. Many employers look at your credit rating which tells them if you are dependable. Do you keep your word? A poor credit rating is what causes A LOT of the stress, both mental and physical, bankruptcies, divorces, and other major hardships on individuals and families. In fact, issues concerning financial issues is one of the top 5 causes families have hardships.