Social Sciences, asked by rahulsingh91, 11 months ago

credit can play a negative role justify the statement with argument​

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Answered by srivatsal44
40

Answer:

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.

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