What are the advantages and disadvantages of credit?
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Disadvantages. Blowing Your Budget -- The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have. ... High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.
2023-06-22 10:01:42
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Emily Allen
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Disadvantages. Blowing Your Budget -- The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have. ... High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.