credit card debt💳
"Credit card debt" is the subject of much debate in business and the community,A large percentage of the population is affected by what is known as "credit card debt", We can't blame them too much, So you are an adapter to this disease.
The main reason for many credit card losses (injury-related credit card debt) is that many people do not understand the concept of credit cards. They treat credit cards as non-refundable money.
So I threw in a discipline that I should practice using my hard earned income.
This means people will overspend and go into credit card debt.
They keep spending money until they reach their debit card limit, Some people treat it like a game, and if you don't hit your credit limit fast enough, you lose (or your credit card usage is low).
These unpaid bills can prevent you from paying your debit card and paying interest on the balance.
As a result, your debit card has grown and you can quickly find that interest is now a regular part of your monthly expenses, even if you haven't used your debit card, It's credit card debt hunting.
They quickly learn that their current debit card cannot control their needs and start looking for another debit card.
With the new energy of credit, they break free again and follow the “redemption” of your “lost” routine.
You will soon reach the limit of your new debit card and stay the same, This is how credit card debt is created.
They will soon learn about credit card consolidation and other credit card withdrawals.
How to deal with credit card debt💳
They retain knowledge about credit card debt reduction quickly, not because they are passionate about credit card debt reduction, but because of their low annual debt load.
As the spoils, they begin to create more credit card debt, When they break down their credit scores, they soon realize that no one is planning to borrow their money because of their credit history.
They only give you the right to use what you can get with a secure debit card now (first deposit into your credit account, then use your debit card to get 50-100% of that amount) .
Credit card collection organizations, their merchandise auctions and business losses were the next thing that affected them and their dreams were shattered immediately.
Moral of the story - "Understand the concept of a debit card and use a real debit card."