It s after the holidays and the long winter days have set in. You step on the scales and your face becomes flush. You have put on those extra five to 10 pounds. The same thing can happen in credit and debt, particularly with today s easy access and convenience. Credit card debt with agricultural producers and the public has become a telltale sign of the 1990s.
Credit cards are an excellent debt instrument tool if used properly.
I recommend at least one credit card for university students because it will become a necessity if they travel or purchase items over the telephone or Internet. It can be used as a method to establish and enhance your credit reputation. Many producers use credit cards as a convenient and low-interest form of financing, particularly in the introductory stages. Some have discovered the benefits of frequent flyer points or incentives for that vacation or new pickup. However, personal observation has found that for every one person that can do this effectively, there are 10 that have difficulty.