Credit ratings are now used for a lot more than just getting more credit. Many employers check credit for hiring. Insurance rates are partly dependent on credit rating. The better credit rating you have the better deals you get on all kinds of transactions, not to mention better loan and mortgage rates.
Yes, you will get more credit until you can't pay the debts so they will seize your assets or bank accounts.If you know how to use the credit cards in the profitable manner then you are good to go but don't spend money on useless things which will eventually make your life depressed later. 
Topic: Why do people get credit cards loan? - page 2. (Read 1199 times)
A lot of people want more than they can afford, and hope/believe that in the future they will have the means to pay off debt. Sometimes that is the case, but all too often people just keep spending and running up the debt faster than their disposable income increases. Credit can be a useful tool if you have specific needs or understand the cost of delaying payment...say a car repair that's necessary, or a senior spring break trip that you'll pay off once you start working that summer. But too often it's used for foolish things and without a plan to repay, and that can become dangerous.
We took out a payday loan through https://maybeloan.com/payday-loans/mt a few years ago. We were moving to a new town and selling our home in our old town. We were half way through painting the house exterior when we had to leave for the new job. All of our spare cash was tied up in the mortgage, move, etc. We took out a loan to pay for the house to be professionally painted. Paid it back 7 weeks later.
We took out a payday loan through https://maybeloan.com/payday-loans/mt a few years ago. We were moving to a new town and selling our home in our old town. We were half way through painting the house exterior when we had to leave for the new job. All of our spare cash was tied up in the mortgage, move, etc. We took out a loan to pay for the house to be professionally painted. Paid it back 7 weeks later.
I don't know if you call that 'out of normal' but I am not a person who gets credit cards loans, even if my allowance is high.
Why are so many people concerned with getting credit cards loans and increasing their maximum allowance?
The maximum I have got with a credit card in once was £500 which I paid the next month. Even before paying with
the credit card, I would have only paid if I had enough money on my main account to pay the balance.
Do you run 'credit card schemes' where you get a £5k loan with a bank, move to another bank and get other £6k to
pay your previous loan, move to another bank and get other £10k to pay your previous loan, etc. ?
Why are so many people concerned with getting credit cards loans and increasing their maximum allowance?
The maximum I have got with a credit card in once was £500 which I paid the next month. Even before paying with
the credit card, I would have only paid if I had enough money on my main account to pay the balance.
Do you run 'credit card schemes' where you get a £5k loan with a bank, move to another bank and get other £6k to
pay your previous loan, move to another bank and get other £10k to pay your previous loan, etc. ?
Here in my country, an increased on maximum allowance helps a particular person specially if they are applying for a bank account which happens to be a requirement for a U.S. visa let's say. So, it is really going to factor in if they were granted an increase in maximum allowance.
So many reasons why depending on everyones preferences, if i would get a credit card i would be using it to purchase online goods and stuffs.
Then you will end up paying debts for the things which is actually not necessary for you. 
That is the real truth behind credit cards.If you have credit card then use it wisely like spend on something more important and you have a month to pay that money but make sure you have the needed money in your bank when you are buying itself.
People get credit card loans because they're an enormous business and that they need a card to transact business There are many companies that aren't ready to transact without a card. The more I take a loan through the cardboard the more it'll be known and therefore the next most borough is going to be available Usually people get credit card loans for business purposes.
So many reasons why depending on everyones preferences, if i would get a credit card i would be using it to purchase online goods and stuffs.
Why do people get credit card loans?
The smart people get CC loans for 3 reasons:
1. To build up their credit so they can borrow a lot more;
2. To borrow the max and stop making payments and keep the money;
3. To start the whole process over again, since it's easy to get out of paying it all back, and since it is easy to cancel your bad credit with the credit reporting agencies.
It's simply a job for smart people. And because of the way the fiat banking system works, they aren't really loans, so it's legal and moral to do.
The smart people get CC loans for 3 reasons:
1. To build up their credit so they can borrow a lot more;
2. To borrow the max and stop making payments and keep the money;
3. To start the whole process over again, since it's easy to get out of paying it all back, and since it is easy to cancel your bad credit with the credit reporting agencies.
It's simply a job for smart people. And because of the way the fiat banking system works, they aren't really loans, so it's legal and moral to do.
I don't know if you call that 'out of normal' but I am not a person who gets credit cards loans, even if my allowance is high.
Why are so many people concerned with getting credit cards loans and increasing their maximum allowance?
The maximum I have got with a credit card in once was £500 which I paid the next month. Even before paying with
the credit card, I would have only paid if I had enough money on my main account to pay the balance.
Do you run 'credit card schemes' where you get a £5k loan with a bank, move to another bank and get other £6k to
pay your previous loan, move to another bank and get other £10k to pay your previous loan, etc. ?
Why are so many people concerned with getting credit cards loans and increasing their maximum allowance?
The maximum I have got with a credit card in once was £500 which I paid the next month. Even before paying with
the credit card, I would have only paid if I had enough money on my main account to pay the balance.
Do you run 'credit card schemes' where you get a £5k loan with a bank, move to another bank and get other £6k to
pay your previous loan, move to another bank and get other £10k to pay your previous loan, etc. ?
There are so many people who cannot control their allowance and if they increase it then they are going to spend so many that they are not going to control it.
It is in our nature to be greedy and if you have a lot of money you are going to spend the max of it.
Everyone can have their own reasons. Someone suddenly fell ill with a serious illness, so he needs a lot of money for treatment. Someone might have various other problems. For example, my friend took a loan because he lost his money in a casino. The funny thing is that the casino was not guilty of this incident, my friend is to blame, because he did not use methods of protecting his funds in transactions, such as https://casinocanada.com/payments/idebit/
I myself play a lot in casinos, but I have never lost my money this way, because I use reliable methods of protecting my funds.
I myself play a lot in casinos, but I have never lost my money this way, because I use reliable methods of protecting my funds.
But what if I don't play at all in casinos, will your link also help me?
And how is it really a reliable method of protecting my funds? Simply because the banks are in the business of earning money and in order for them to earn, they must lend the money instead in order to earn money.
Also, because they have deposits and investments that they need to pay off those interests as well.
Banks will give you 8% interest rate for your deposits but they will charge you 14% or more interest rate for our loans and this is how banks are making money.Credit card loans are more harmful for individuals if they are not be able to pay the amount in the right time because the interest rate is more than 30% and which increase more depends on banks and countries.Also, because they have deposits and investments that they need to pay off those interests as well.
Exactly what I'm talking about as well. That's why it's important for borrowers to understand and find out the nitty gritty details before going on a spending spree. Use a credit line for a specific loan wisely for it's specific intended purpose i.e. housing loan, car loan, personal loan, business loan, etc. And use the same principle for credit card loans also. Athough I must admit, having the ability and freedom to purchase quickly using a plastic card can be sometimes hard to control. But that is the challenge that every credit cardholder or an aspiring one for that matter must face and decide upon, once he or she gets approved of a credit card.
Also, the interest rates for deposits and for loans or credit card loans may vary from one bank and country to another, but the general idea and principle behind these lending instruments remain the same.
Simply because the banks are in the business of earning money and in order for them to earn, they must lend the money instead in order to earn money.
Also, because they have deposits and investments that they need to pay off those interests as well.
Banks will give you 8% interest rate for your deposits but they will charge you 14% or more interest rate for our loans and this is how banks are making money.Credit card loans are more harmful for individuals if they are not be able to pay the amount in the right time because the interest rate is more than 30% and which increase more depends on banks and countries. Also, because they have deposits and investments that they need to pay off those interests as well.
You can get rewards while you are using credit cards for your purchases for that some people are using credit cards even if they are having enough balance on their account so this is the smart way of using credit card and you are not going to pay any taxes for that used amount.
I totally agree that people can certainly take advantage of these rewards, of course.
But why banks are giving credit cards to the people, has lot more intentions!
Simply because the banks are in the business of earning money and in order for them to earn, they must lend the money instead in order to earn money.
Also, because they have deposits and investments that they need to pay off those interests as well.
You can get rewards while you are using credit cards for your purchases for that some people are using credit cards even if they are having enough balance on their account so this is the smart way of using credit card and you are not going to pay any taxes for that used amount.
But why banks are giving credit cards to the people, has lot more intentions!
But why banks are giving credit cards to the people, has lot more intentions!
A credit card is a type of loan that you can conveniently access in the form of a plastic card by either swiping it on a terminal, entering a pin code, or entering your card information online instead. While the credit line may vary from the bank credit card issuer, it may also vary based on the credit card holder's credit rating.
More importantly, the reasons why people get a credit card may be subjective and different from one person to another. But one fact still remains, a credit card can help you or not financially, mostly depending on how you manage your finances and how you handle your credit card payments as well.
Also, personally I would feel much better a credit card to help me out for unexpected medical or emergency expenses. Therefore one must have control over what's really necessary to purchase, depending on how you view a particular purchase as a real "need" compared to perhaps if it's only a "want" instead that's really not necessary to purchase at the moment.
More importantly, the reasons why people get a credit card may be subjective and different from one person to another. But one fact still remains, a credit card can help you or not financially, mostly depending on how you manage your finances and how you handle your credit card payments as well.
Also, personally I would feel much better a credit card to help me out for unexpected medical or emergency expenses. Therefore one must have control over what's really necessary to purchase, depending on how you view a particular purchase as a real "need" compared to perhaps if it's only a "want" instead that's really not necessary to purchase at the moment.
when you urgently need money, this method saves you
Well, it's all psychological and hence people just get hooked to free money, money without effort. It's related to how we love to postpone our studies and works. Hey, want $1000 and pay back next month? Sure, I'll work hard next month and pay back, gimme the money now! It works similarly, except you have to pay interest which just grows everyday.
I can feel you mate thats why i have hold my credit cards and starts living with the money i worked for.
I realized that i only drowning my self by borrowing money that i also need to pay in a certain time when the truth is we are just bringing burden to our life.
Free your self from this cards and your life will be in right path.
Well, it's all psychological and hence people just get hooked to free money, money without effort. It's related to how we love to postpone our studies and works. Hey, want $1000 and pay back next month? Sure, I'll work hard next month and pay back, gimme the money now! It works similarly, except you have to pay interest which just grows everyday.
This main reason people have low salsry and they need maybe after some years to buy a new car, or just to change something in the house or to buy a house.
I do not think they will give a loan if there is a low salary They usually pay their loans considering their leverage. And the credit card does not belong to any low-quality person Banks consider the credit card of the person and then make a loan.
This main reason people have low salsry and they need maybe after some years to buy a new car, or just to change something in the house or to buy a house.
Yeah, own stupidity, those sums of money have a better use than spending. Invest somewhere. God thank i not have been token that 400 000 euros max limit Master Card. If i have so big limit i buy containers, bitcoin hashing production space, co-workers space on Helsinki. Satan poor, i try to get financial help even i know it's not free mostly.
Jump to: