Quite simply, American life hinges on credit. It’s an undeniable truth that without healthy credit, job prospects might be limited, one might not secure rental agreements, or qualify for loans. Living in the United States often necessitates the need for a loan at different points in life. Be it for education, purchasing a car or buying a home, and in some cases, loans are acquired to pay off other debts. This perpetual cycle often leaves outsiders bewildered, numerous Americans in an unfavorable debt situation, and most of Wall Street thriving. The average American family has credit card debts amounting to several thousand dollars. Even worse is the reality that a significant number of these households willingly accept this burden of debt. Furthermore, an average American typically possesses multiple credit cards. The benefit of a credit card is that it enables you to buy virtually anything even without having cash on hand. So long as you commit to meeting the bare minimum monthly payments, you would be alright, wouldn’t you? However, this could prove effective only if you’re not averse to becoming a financial slave. In today’s discussion, we’ll be addressing some significant aspects about debt and credit cards. To paraphrase – if you lack the knowledge to handle a credit card sensibly, it’s advisable not to own one. The following piece covers 25 Facts About Credit Cards You Might Not Be Aware Of.
25 Things You Might Not Know About Credit Cards
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