CREDIT CARD! -are you using credit card?

Is it bad or good? I would say it really depends on how you use and handle it. There are a lot of advantages in having a credit card but a lot of disadvantages or I could say consequences, too, if you mishandle it. Credit card is particularly useful if you use it in your business. Say you're in a buy and sell, and you need to buy a particular item which you will later sell. You can purchase it using your credit card, then sell that item to your customer (preferably on cash basis, or less than a month term), Then once your customer paid you,you can keep the profit, and you can pay the card. They usually don't charge you for a purchase paid less than a month. By that you just did business without laying out cash from your pocket. Also with credit card, you don't have to carry cash all the time. Huge headache will begin when you mishandle it, like spending and spending for things that would not earn you back, and paying for just the minimum every month. That is where the charges gets in. Before you know it, you're already buried in debt. So, is having a credit card good or bad? It is entirely up to you, how you handle it. Use it wisely, it will benefit you. Use it foolishly, it will give you huge headache. Believe me, I've done both! LOL!

I do use credit card, these days u have to, if u shop online. ----------------------------------------- http://www.bestcreditrates.net

I'm using debit card.... No money no spending... My wife use credit card, as for emergency only cause i have a bad experience before....