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No Pre-set Limit" credit cards are a hoax?
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They lure you in, so you feel like you have a lot of credit but then you continue to pay the interest, alomost forever.
Imane B
57 months ago
57 months ago
It the poor choice of people to be in this at the first place. Why would you apply if you dont need it?
- Bo 57 months ago
People in need are not in a trap but reality. They want to ease out their credit worries. They should avail but carefully.
- Hassan 57 months ago
Hassan Qudrat-Ullah, Well, Still if educated finacially, they will prefer to avoid it. It is in the fine print that people don't know and then fall into the trape..
- Imane 56 months ago
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Credit card industry often takes advantage of those in need. There is no financial literacy or education available in our schools. We should empower and educate at early age preferably in schools.
SO then it appears, edication of consumers is of prime importance.
- Imane 57 months ago
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