Detriments to Customers(Important Tips)
Credit cards are surely helpful and beneficial for the customers but it also leads to some harm to them. Following are some detriments to the credit card customers.
High Interest and Bankruptcy: Credit card issuers provide low introductory rates of interest in the initial 6 to 12 months. After that, high rates of interests are charged. The high interests charged by the credit card issuers may lead to bankruptcy for many customers. Some companies may raise the interest rate when you miss a payment.
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