Do the disadvantages of using a credit card outweigh the advantages?
the disadvantages far out-weight the advantages.when a person has access to money they did not earn or save yet,it can be economic disaster.sound financial planning would have you just spending for needs.everything bought with credit has fees added on.also late fees.it has to be paid one day.it isn,t free .societies laziness has added to this.we are in a recession.why?people cannot pay off what they OWE.with cash,you own it.RIGHT THEN no worries.the only credit card i ever had was one where you pay the amount ahead of time.you only use in emergencies.you even had some pay for a down payment on a home with a credit card.guess what happened.a 5000 dollars credit card purchase is now 30,000 or more and going up every day.
