Why are you scared of Credit Cards?
There are many reasons why you may be scared of credit cards. That being said, if you check your wallet there is a good chance that you will find at least one of these. And believe it or not, some consumers have a fistful of credit cards. If you are scared of credit cards you need to know why, and then decide if this is something that should truly be worrying you.
The number of reason to be scared is that you do not trust yourself. In other words, you know that a credit card is bad news because you will max it out sooner rather than later. Do you feel this way about yourself? If so, you have every right to be scared. The best way to avoid this fear is to simply leave your credit cards at home when you go to the store. Better yet, if you do not need a credit card at all, get rid of them.
Others are scared of credit cards because they don’t want to pay high interest charges. If this sounds like you, you are a smart consumer. But remember, you do not pay an interest charge unless you carry over a balance from one month to the next. As long as you always pay off your bill in full you will never have to pay an extra cent in interest. Don’t let this fear completely scare you away from carrying credit cards.
If you are scared of credit cards you probably have a good reason. But before you cancel them all, make sure that you first consider your options for protecting yourself against these fears. You may find a way to keep your credit cards while beating your fear. This is the best of both worlds!
September 25th, 2008 at 8:40 am
[…] Caridad Pineiro - Satisfying no matter what mood you are in . . . wrote an interesting post today onHere’s a quick excerptThere are many reasons why you may be scared of credit cards. That being said, if you check your wallet there is a good chance that you will find at least one of these. And believe it or not, some consumers have a fistful of credit cards. If you are scared of credit cards you […] […]