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An Introduction to Credit Cards
Among the many financial management schemes that have emerged in the last few decades, one alternative stands out among the rest; the credit card. Finally, the financial institutions have found a way to keep most of us tethered to a continuous loan with high interest rates by a method that we are all happy and willing to accept. Originally, it was only the very wealthy that were allowed to have a credit card but the need to make money by interest payments meant that financial institutions would have to make it more readily accessible.
A Credit Cards Primer
Since its introduction a few short decades ago, the humble credit card has changed the face personal money management. Working people now use their credit card for everyday living which a slightly worrying fact. Perhaps originally thought of as a gimmick, the credit card has quickly become the most popular method of spending money everywhere.
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Personal Finance
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16 Jul 2009 at 7:05pm
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