Credit Card Vs Money lending

Hi friends......

Which one is more Dangerous?? Money lending or Credit Cards?

Credit card and Money lending in interest is same?

😃

Originally posted by: Believe

Hi friends......

Which one is more Dangerous?? Money lending or Credit Cards?

Credit card and Money lending in interest is same?

😃

if interest is same and you are taking loan from a person you know .. then may be credit cards are safe 😆

Now a days people using 3,4 credit cards....sometime a money lender can understand our probs..but credit card people dont. 😳

not all money lenders take interest

Originally posted by: raunaq

not all money lenders take interest

sure if they are your parents or big bro 😉😆

seriously yes.. but then you cant ask for big loan .. 😊

Originally posted by: Morning_Dew

sure if they are your parents or big bro 😉😆

seriously yes.. but then you cant ask for big loan .. 😊

i am not talking about family people who dont take interest

Originally posted by: Believe

Now a days people using 3,4 credit cards....a sometime money lender can understand our probs..but credit card people dont. 😳

you have a point .but again I would say .. they would understand upto an extend no beyond that...if some one is nice enough to give you a big loan then you come under moral obligation anyways and try to repay it as soon as possible😊specially if they are not charging any interest as Raunaq mentioned

Originally posted by: raunaq

i am not talking about family folks who dont take interest

ofcourse sweetie .. I understood it and that is why wrote the second line in a seriouse way 😊

I think in such situation .. you cant' ask for biger amount of loan as well as you'll be under moral obligation to pay as soon as possible

Originally posted by: Morning_Dew

ofcourse sweetie .. I understood it and that is why wrote the second line in a seriouse way 😊

I think in such situation .. you cant' ask for biger amount of loan as well as you'll be under moral obligation to pay as soon as possible

actually people do take bigger loans, if the lender is capable of lending big amount, trust is what binds them together in this kind of situation. the borrowers also makes an effort to pay it as soon as possible

Originally posted by: Morning_Dew

you have a point .but again I would say .. they would understand upto an extend no beyond that...if some one is nice enough to give you a big loan then you come under moral obligation anyways and try to repay it as soon as possible😊specially if they are not charging any interest as Raunaq mentioned

99% of Money lender's take interest.......i cant tell money lending is good or bad, but i feel they are better then credit card system, in lot of situations. through creadit card we can purchase,pay bills lot of good things there..but if someone not able to pay the due amount....he force to take another credit card and pay the due...the chain is very danger...😳