According to the video, aside from fees, what is a drawback to having credit?

1 answer:

6 0

Blowing Your Budget -- The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have. ... High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.

hope this helped :)
alisa202

plzz tell me if I was wrong

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