In the past I’ve written about irresponsible credit card usage and how it benefits other cardholders. Used without proper care, a credit card can be quite dangerous.
I’ve also written about how personal loans aren’t always bad debt. Just because something can be used irresponsibly, it doesn’t mean that they should be avoided at all costs. Instead you should learn how to properly use it to your advantage.
So when other financial writers are proclaiming that credit cards are the spawn of Satan, I just don’t buy it. When they make such absurd claims, they are just letting people deny any responsibility for their mistakes with credit cards. Continue reading