Friday 17 July 2015

What are the reasons to take money from Credit Card ? Is it right or wrong ?

01. Family situation - you can not ask the money to the person who are offering cash for interest. because he will not trust you. but, during urgency, one is taking money from Credit card to cash in chennai

02. Personal use - one would addict to purchase dresses, electronic items such as mobiles, camera, laptops etc., after that, they try to make the due payment on credit card. during the EMI period of 6 to 9 months, they may get other commitment. due to which, they can not afford to pay the amount. so, one will swipe the credit card against cash

03. Business needs - Actually one should not use the credit card to cash. But for business purpose, they can use the credit card. but not withdrawing cash. It will lead to regular use of taking cash from credit card. it will increase your liability in certain span of time