Posted on
March 27, 2009
at
1:30 am
When you are paying by credit card it is very much easy to spend more than you can afford. According to CardWeb.com, most of the U.S. household with at least one credit card carries around a $10,700 balance. Recent report said personal bankruptcies have hit record highs in recent years.
Posted on
March 27, 2009
at
4:06 am
Though we know that we are not afford to some of our expenses but if we get a scope for credit we forget about what would be in future. I think it is natural and peoples all over the world doing it and have to face a bad debt then Bankruptcy.
Posted on
March 27, 2009
at
4:27 am
When you can't afford to pay all the bill of your credit cards you have to face a bad credit. If the condition become so that you can't pay the bills of credit cards. Then you may go with bankruptcy. You can see this link (
http://www.destroydebt.com/forum/t/2470-the-worst-debt.html ) I hope it will be more clear.
Posted on
March 28, 2009
at
8:32 pm
Yes it can get pretty bad, especially when you do not have any self control and if your not careful yes it may lead to bankruptcy especially in the case where people use more and more credit to payoff existing credit and the cycle never ends. If you believe you can not control a credit card, then your better off saving your money for the things you want.
Posted on
April 4, 2009
at
10:42 am
You are quite right on the way of your words "bluemoi". When we do not have any self control and if we are not careful it may lead us to bankruptcy especially in the case where we use more and more credit to payoff existing credit and the cycle never ends. Thanks for your nice advice about saving money, all who we are in debt should follow this.
Posted on
April 4, 2009
at
11:21 am
this is really right the credit card in any persons hand will make him spend more than what he actually intends to paythis is a trap i think so that he pays just a little all the companis profit from this the store & the credit card company.
Posted on
April 5, 2009
at
10:10 am
Just wanna highlight this point. It is not the credit card that is harmful, but it is how man uses it that is harmful..The root problem is lack of self control...too materialistic...
Posted on
April 6, 2009
at
10:02 am
yes, i agree if its mis manage, it may lead to bankruptcy
