discuss the merits and demirits of credit
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merits...Credit can help if you need money for emergencies, such as unemployment, illness, death, or property loss.
Disadvantages. Blowing Your Budget -- The biggest disadvantage of creditcards 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.
hope it will be helpful
Disadvantages. Blowing Your Budget -- The biggest disadvantage of creditcards 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.
hope it will be helpful
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