Loan, credit card how much good for our life?

Hello my friend rajupaul Ji, We both are like you. We nebvr take any loan, till it is required and plan its return, before taking it . We do not have any cards at all. We are always debt-free. Let's make aware all . May God bless You and have a great time.

hi raju i never had credit card, until i had to go for medical treatmet .. as the bank had a dealing with the hospital, it allowed us to pay on monthly basis ... it helped us tru ... my advise is, if we use the card smartly it will assist our financial .. but if we dont it will have be difficult problem

Hi, well - I am a great advocate of loans! So I find it difficult to accept ur contention. It depends upon our behavior of course. I am somebody who tends to spend recklessly. U will wonder then why I go for loans. Well, the only good thing about me is I am inclined to be honest and disciplined, at least financially. :-) So if I took loan, I would be forced to save part of the amount from my monthly incoem! U will wonder what I would do with the loan amount. Well, I tend to borrow more such that I am forced to deposit the loan amount to fetch me monthly income, which together with what I can spare from monthly income covers to loan installment. U see, I have the monies, but I cant spend it recklessly. :-) And the collateral - I am so lazy and careless, such documents are safer with the banks than me. he he. Credit cards too can be used optimally if u know how to. But I dont use them. Those who dont know much about credit cards, I strictly advise - dont touch them.

I think if we can manage the loan wisely, then everything will be ok. People usually trapped into debt is because they don't have good financial management in their life. Financial planning skill is very important nowadays. With that skill, we can turn our money into much much more. Credit card is an expensive card because it is invented for consumerism. Credit card has higher monthly fee than another kind of bank loans. So we shouldn't lose control on our credit card. We should remember that life goes on. Don't loan for today and planning to pay it later without any preparation. Remember that tomorrow has tomorrow's needs, and so on. So be wise. Happy mylotting.