Swipe Now, Regret Later? 💳❌

[Shraddhanshu]

We often think using credit cards means financial freedom, but did you know excessive swiping can actually hurt your credibility? Over-reliance on credit not only raises your debt-to-income ratio but can also lower your CIBIL score, making future loans harder to get.

Do you agree that too much plastic can be toxic for your financial health? Let’s discuss!

 

[TaxWiser]

We often think using credit cards means financial freedom, but did you know excessive swiping can actually hurt your credibility? Over-reliance on credit not only raises your debt-to-income ratio but can also lower your CIBIL score, making future loans harder to get.

Do you agree that too much plastic can be toxic for your financial health? Let’s discuss!

Well, it depends! For those who struggle with financial discipline, they might seem more like a bane. But for the financially savvy, they can be a real boon! Just like any other modern invention, whether it's the internet or smartphones, credit cards can significantly enhance your life if used wisely. However, if misused, they can also cause some headaches. Balance and responsibility are key!

 

[abhimarda]

If someone uses their credit card like their debit card, then will not be any issue

 

[ashisha02]

It's a double-edged sword... If you use wisely.... you will enjoy otherwise debt trap.......