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You are here: Home / Credit Can Hurt You

Credit Can Hurt You

· August 24, 2006 ·

CREDITCredit is a way of life. In today’s society without credit you cannot qualify for a house, car, credit cards, bank loans and any other things. The list is endless. You can’t rent a car or secure a hotel room without a credit card. People do not realize the importance of establishing credit and the responsibility of maintaining a good credit report.Many people feel by using credit they can always pay tomorrow. That however, is the wrong attitude. Paying tomorrow will only cause excessive debt. There is a right way and a wrong way to use credit. One your main objective is to establish credit and use it to your advantage.With economic conditions shifting back and forth, many individuals are encountering problems with their finances. Credit cards companies, banks and saving and loan companies are suffering financial losses because consumers are not able to pay their bills. At a young age, people are rarely taught the importance of credit. When they enter the adult world without knowledge, credit disaster will inevitably strike.Many unscrupulous businesses have appeared in the marketplace claiming to be credit experts. Thousands of individuals have fallen prey to these companies only to find out they were not… Read full this story

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