money? come to mama

There is a saying, " Better late than Never". This is important and I know not all people have watched this documentary so here it is. Help me to reach more people- your family, relatives, friends, colleagues, neighbors etc. This happens not only in Uk but all over the world so be aware of what is going on! Be responsible by knowing, learning and taking action. Just a moment of your time and youll be fine for the rest of your life.

How the banks lure you into debts- 2006

http://www.bbc.co.uk/pressoffice/pressreleases/stories/2006/07_july/01/panorama.shtml

Avoiding Credit Card Problems

Credit cards, if used properly, can be useful and convenient, and can even help build a strong credit history that will help you with future activities like home-buying, paying for higher education, and even finding a job. Before you apply for a card, or allow your teenager to, consider the pros and cons.

Pros

You can use a credit card to purchase a product or service that you need now but can't pay for all at once. For example, if your car breaks down, you may not have enough cash on hand for the repairs. A credit card can help you get your car fixed and on the road and pay for the repairs over time. Credit cards are often the only way to make airline, hotel, or rental car reservations. Credit cards allow you to buy over the phone or online. Carrying credit cards is safer than carrying cash. Credit cards can be particularly useful in short-term emergencies. Depending on your terms and conditions, your card give you purchase protection, travel insurance, frequent-flier miles, or cash-back bonuses. Using a credit card helps establish a positive credit history, as long as you use it wisely.

Cons

Interest and fees may outweigh the financial benefits of frequent flier miles or other benefits. Having a credit card makes it easy to spend money you don't have. Bad credit debt could affect your future applications for mortgages, other installment loans--even job applications and insurance coverage. If you think of your available credit as an emergency fund, you are likely to find yourself in more debt than you can afford.

source

http://militaryfinance.umuc.edu/planning/credit_avoid_probs.html

additional information from

http://www.debtopedia.com/debtfree/credit-card-debt/the-insidious-nature-of-credit-card-debt.php

http://www.bbc.co.uk/pressoffice/pressreleases/stories/2006/07_july/01/panorama.shtml

http://financevictims.co.uk/credit-cards/index.htm

Are you affected by this?

yes of course

no

hardly

sometimes

maybe

i dont know

You can write in the comment area. thank you!