Advantages And Disadvantages Of Credit Cards Essay

2383 Words May 6th, 2016 null Page
Advantages and Disadvantages Of Credit Cards It is that time of year again, the time of the year where all the seniors in high school are about to graduate. They will be entering adulthood and will haft to make financial decisions on their own. Many companies will see them as targets, especially credit card companies. The credit card companies will start sending them letters through the mail wanting them to choose their card. Any young adult that is about to become a cardholder needs to know the many advantages and disadvantages that comes with owning a card. It is crucial that people learn everything they can about credit cards, especially the positive and negative effects that come with owning one. One of the many advantages that a credit card offers is the opportunity to build up credit, paying a credit card bill on time will help raise up a person’s credit score. Credit scores rely on how persistent the cardholder is with their payments. It is important for someone who owns a credit card to pay their bill on time. The experts from Steps To Building Good Credit say setting up revolving debt cards like Visa, MasterCard, American Express, Discover or any department store credit card is important to a person’s credit history because it’s a self-managed account and people know they have to pay on time, credit scores emphasize a person’s recent payment record. Paying on time shows if a person is reliable and dependable. When…

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