debt trap

Tagged Discussions

Debit Card or Credit Card - Which One Would You Prefer?

amirev777 @amirev777 (4117) • India 11 Sep 19

As far as I am concerned, I would surely go for debit card, since I can only spend the amount that I own. Using credit card could lead to debt trap, since you are spending much more than what you actually own at that particular...

5 responses •

4 people

Indiscriminate use of credit cards.

DoctorDidi @DoctorDidi (7018) • India 18 Aug 11

Indiscriminate use of credit cards is ruining many a family now. It has always a tendency to provoke people to spend more. Those who are intelligent use it cautiously in an effective way in accordance with his or her financial...

in accordance with

15 responses •

1 person

Do you agree that Credit car is like a debt trap?

ssh123 @ssh123 (31071) • India 26 May 07

Easy enough to get into, hard enough to get out. Ultimately the borrower ends up paying interest, compound interest and penal interest. What is your opinion.

compound interest

3 responses

credit cards

candaceb87 @candaceb87 (1362) • Canada 17 Oct 06

how many people have credit cars and how many do you have? i just got my first

54 responses •

1 person