Is going for Credit a shame?

Tweet

In earlier days when people were approaching a money lender, it was assumed that the man is totally bankrupt or is full of vices like gambling, womanizing, drinking etc., There was no one who could understand the very purpose and the circumstances that drive him to approach a money lender. The moneylender was considered to be a bad man in the society who extracts every inch of your body and squeezes blood out of it at the time of realization or non-payment of interest towards the money taken on credit. They were lending money on huge rate of interest. They were having a special dress and were also known to have maintained a group of 'collectors' for the collection of interest. They were all merciless in collecting the money along with interest and your social status and economic background was not an escape for delaying the payment. Most of the moneylenders were known as 'KABULIWALAS'. They were known to have come down from KABUL. They were considered as rich and known to be experts in money lending transaction. But, the scene has changed completely. They are disappearing from the society itself. In some states, there are no traces of these people. The technological changes and the banking system have occupied their place. They are coming to the rescue of a common man needing money even for his day-to-day living. The credit card system has actually changed and brought out a new phase in the very field of money lending.