In many countries it is very easy to apply for and be given a credit card. However, this causes some people to have problems with debts they cannot pay back. Do you think the advantages of credit cards outweigh the disadvantages?

These days, applying for a

credit

card

is very straightforward. In fact, most people use their cards for most of their spending, especially online purchases. There are several risk factors to consider when getting finance;

however

, I believe the advantages outweigh any possible risks.

This

essay outlines how the advantages of having a

credit

card

outweigh the disadvantages.

Firstly

, there are some things people must be wary of when using a

card

to borrow money.

While

it is tempting to spend large amounts on frivolous items,

one

must remember that the money must be paid back on time, or the interest rates will cost a fortune.

For example

,

one

might spend several thousand dollars on a new phone or computer, but interest rates can add hundreds more to the bill over time.

Whatsmore

Correct your spelling

What's more

, some finance companies charge unscrupulous fees and interest rates, which trap unsuspecting victims into debt traps.

This

can even lead to bankruptcy. Another thing to consider is the potential for theft, scams and fraud.

For

this

reason,

one

's

card

and details must be kept safe and secure at all times!

While

such

perils must be considered, there are

also

many benefits to having a

credit

card

.

For instance

,

one

can easily make online purchases from sellers worldwide, and when you are shopping in the real world, you can simply tap and go.

Additionally

, you can use your

card

to pay for emergency expenses and pay them off in future.

Whatsmore

Correct your spelling

What's more

, most major lending companies have insurance to protect you from scammers and fraud. So

while

there are many risks, these benefits certainly make life much easier. In conclusion, though the risks are rather dire, they can be mitigated with some budgeting skills and financial education. Undeniably, the advantages we gain from having access to

credit

facilities outweigh the disadvantages, so with a little foresight and education, we can all enjoy the convenience minus the risk.