Is your credit card a convenience or necessity?

By CICSS Team on February 19th, 2011

Credit cards are popular, mostly easy to get and convenient…But is this leading to massive debt amounts? This Money Sense post discusses this delicate subject…

 

“It’s tempting to hand over a credit card to pay for almost everything from groceries to clothes to hair cuts, in some cases to get reward points.

But with credit card use soaring, and the average household debt increasing while interest rates rise, consumers face higher risks and a tougher time repaying their debt.

“People have started using credit cards, literally, for everything,” said Margaret Johnson, president and…”

 

Read full post:

http://money.ca.msn.com/savings-debt/yourmoney/article.aspx?cp-documentid=24963478

 

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