Myths About Credit Cards and Debt
As With Anything Else Credit Cards Can Have A Bad Reputation Too Everybody is an expert at one thing or another, and what seems to stand out in my research on this topic is most of the experts on credit cards have never worked for a credit card company. Even those individuals that have seem sketchy. As for myself, I make no claims of being an expert on the subject. What you will read here is a synopsis of the information I have gathered. I will try to make this perfectly clear and subjective. At the same time, I should point out that there is little objective evidence to support most of the myths that circulate over the internet. First, let us address a question about debt and credit cards. In my research, the prevailing inquiry eludes to credit cards rewarding debt. The definitive answer is an emphatic “Kind of.” It is quite the opposite in fact and the reasons seem logical. The rewards one can receive with low or no debt are a wider acceptance for more credit, meaning it i...