Credit Cards With Low APRs – Are They a Good Thing?
Credit cards can be good or bad, it all depends on how they are used. Whether they are a good or a bad thing is totally dependent on the person who holds them. They are a convenient way to make purchases on line and other purchases and payments without always have to write checks or carry cash. However, they can also be misused for spending beyond your means and that can lead to unimaginable levels of debt with huge monthly interest. Debt consolidation is often a option considered by people facing serious credit card debt. And usually there is a stream of offers by companies ready to help them consolidate their debt onto a single credit card. Normally these offers promise lower interest rates. However, the reality is that low interest rates are usually only a reality for people with excellent credit. The average person who is fighting to get out from under a mountain of debt does not have excellent credit and will likely not qualify. At times these cards are offered to struggling debto
