Generally when you buy anything on credit some sort of interest is always associated with it that you have to pay with the purchase amount. Different ways by which you can purchase on credit include credit cards, store cards, hire-purchase agreements etc. Don’t purchase so much on credit that you can’t pay it back. Treating credit as a part of your wealth may harm you in future especially when you are not earning. This situation may lead to many financial problems in future. It is good to pay credit amount as much you can rather than to pay minimum required. If you have a credit card then it is better not to withdraw money from a cash machine as withdrawals from the cash machine can incur a percentage convenience charges that may quite significant.
Credit can be really helpful to any person especially when the financial situation is not so good. But before to purchase on credit be careful as more spending can lead to in trouble whereas if you carefully manage your credit then you can actually be very beneficial.
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