Credit cards are a very convenient way to use your money however, as with anything in having to do with personal finance, there are pros and cons to every aspect of credit card ownership. Risk is unavoidable. Interest rates range from moderate to ridiculous. The illusion of personal wealth a line of credit can create is very powerful and once one steps beyond the threshold of their ability to repay the debt, the snowball effect can roll you into bankruptcy, do not pass go, do not collect two hundred dollars.
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