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The Do's and Don'ts of Credit


            
             In today's fast paced world we need everything as quick as possible. Things need to be done quickly and efficiently which is why credit is an important issue. Without credit we would not be able to buy things we need until we actually had the money to pay for them. Additionally, credit allows people to purchase expensive items in advance and paying for them later in installment payments. The idea of credit can be very helpful, but can also be a bad thing if managed incorrectly. One of the most unbeneficial things about credit is the high interest that is slapped on to the payments at the end of the billing cycle. Although inconvenient the interest can be combated by paying all bills at the end of the month. Credit could lead people to hard financial time, but if managed responsibly it could be very helpful. .
             Credit has been around for some time and has allowed people to purchase expensive items without having to save for them. Without the use of credit we would not be able to buy a house or a car until we had all the money saved up. Buying on credit allows us to buy things in advance and then pay for them later in monthly installment payments. Also, credit has made it simple to buy everyday things with credit cards making it much faster and efficient. We"re able to buy things from T.V. commercials or buy them online and have them delivered right to our door. Its ease of use has made credit very popular and that's one of the most beneficial things to it apart from the convenience. .
             Although very convenient, credit can be misleading and expensive if managed incorrectly. When people get credit cards they think they just received free money that they don't have to pay back. This attitude will get a consumer into a lot of trouble because when the bill comes at the end of the month they won't have enough to pay for what they purchased. Not being able to pay for the full balance at the end of the month will resolve in consumers having to pay a high interest rates.


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