In­ter­est-free ad­vice on the pit­falls of credit cards

7 Days in Dubai - - ENTERTAINMENT -

When will peo­ple re­alise that credit cards are the worst form of debt as they are pay­ing the high­est pos­si­ble in­ter­est rate on that debt? When will peo­ple re­alise that in or­der to stay out of debt, they should get rid of their credit cards and avoid get­ting ad­di­tional loans just to set­tle credit cards? When will peo­ple re­alise that the risks from tak­ing a loan to re­pay other loans, are that cus­tomers will con­stantly put them­selves in a never-end­ing cy­cle of debt? When will peo­ple re­alise that the high liv­ing costs should never be an­other con­tribut­ing fac­tor that en­cour­ages them to bor­row money? When will peo­ple re­alise that with a ris­ing cost of liv­ing, peo­ple must learn to live within their means? When will peo­ple re­alise that if they bor­row from any­one they must re­pay that debt and not de­fault and ab­scond oth­er­wise sooner or later the long arm of the law will nab these dis­hon­est per­fid­i­ous de­fault­ers and hold them re­spon­si­ble? Brian Pear­son Dubai

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.