Credit is important. Among other things, having good credit is what enables someone to obtain a mortgage to purchase a house, get a loan to purchase a car, and obtain a credit card to use for the unexpected expense. Now ask yourself this. . . What is more important? Having good credit or putting food on the table? Having good credit or paying for prescriptions? Having good credit or buying clothes for your child?
01.26.2015 | by Chris Frye
Many individual borrowers have the misconception that a credit card company can’t really do anything to hurt you if you are unable to pay. This is not true. Aside from the obvious thrashing of your credit, the next few paragraphs will explain what is very likely happen if you fall behind and are unable to pay a credit card debt.