Credit Card Vs Money lending - Page 2

Originally posted by: Believe

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...😳

you are right, nowadays everyone takes interest, but i think one should not lend money and one should not borrow money, borrowing money should be under the case of necessity, and people should stop being angels and lend money around to pay someones extra bill 😆 😆 😆 there are people who try to fool you with their sob stories of how they bought luxurious stuff and are unable to pay, i hear that all the time, and the lender is sometimes to be blamed, such people shouldnt be entertained, one should be in their limits and shouldnt buy extras if they cant afford.

I just don't believe in the concept of borrowing or using credit cards when you don't have enough to pay the bills. This should not happen as long as you are not facing some grave calamity. This is what my parents alwayds did and that is what they taught me too.

And if time does arise, I would rather use credit cards than borrow money from money lenders. When money lenders come into play, things get personal while with CC companies, it's all business. You don't know them and they don't know you, and hence no moral obligations. Peronally, I would rather keep my money in business than getting involved with actual people.

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?

😃

Credit Card wala is a modern version of the Money lender 😃!!!

Infact the credit cards and the improper maintainanace of these cards is much more harmful than a Money lender who is more dangerous than that SHYLOCK of Merchant of venice!!

But having credit cards ... is a good idea!!!

Wishes,

Myth

PS: Beleive ji ! U too started making the posts with different colors!!😛

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?

😃

Illegal moneylenders, who are more in no., usually charge an interest rate of 10% or higher per month and you'll have to pay 10% even if you're taking a loan for a single day. Credit cards atleast gives you a grace period within which you have to pay. However, if you're spending more than your means permit you, then it doesn't matter whether the loan is from a money lender or a credit card.

Originally posted by: rutumodi915

I just don't believe in the concept of borrowing or using credit cards when you don't have enough to pay the bills. This should not happen as long as you are not facing some grave calamity. This is what my parents alwayds did and that is what they taught me too.

And if time does arise, I would rather use credit cards than borrow money from money lenders. When money lenders come into play, things get personal while with CC companies, it's all business. You don't know them and they don't know you, and hence no moral obligations. Peronally, I would rather keep my money in business than getting involved with actual people.

@ Rutu and Soumya 100% agree with you both 😃