Credit…. There are a lot of issues surrounding credit and banking today. The recent economic crisis is a catalyst of the poor handling of credit and has had a detrimental effect on people all over the world. Today’s record debt levels are proof that things aren’t going to get better anytime soon.
Credit can be seen as both a gift and a curse. It can be seen as a gift because it can provide you with access to capital that you do not have immediately, allowing you to pay for goods and services at a later date. It can be seen as a curse because of the interest rates and fees you pay to the banks on the money you borrow. Which, in many cases, can lead to financial dispair if not managed properly. I am fascinated by how credit has become an integral part of our daily lives here in the US. The “credit card” is a fairly recent phenomenon of society however, the use of “credit” has been going on since the beginning of time.
Many people have gotten into trouble because of their mis-management of credit, and credit cards. That is why I am dedicating this blog, to educate all on credit management, credit repair and how to eventually live a credit card free lifestyle.
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