In order to buy a home, a car, an appliance, take a holiday or even invest, you might need to borrow. Credit can be an asset to your lifestyle. But if it's not handled carefully it can become a problem. Credit cards, in particular, are so convenient that we can easily get out of hand with our spending. In fact, if you don't pay off your balance every month, you can be charged interest.
Credit can be good or bad.
It's how you handle it. Before you decide on credit, carefully consider all of the factors and weigh them against your personal needs and values. Only then can you make an informed decision. The Cost of Credit Cards Trying to figure out how and when interest charges accumulate on credit cards can be confusing. All credit cards charge interest and are required to tell you their annual interest rate.