I used to have a childhood friend whose family loves to take things on credit. For some reason, I feel envious that his house always have more things than I have.
But now that I am wiser on buying things on installments, I realise that most of the time you pay much much more at the end of the day for that convenience.
You will get a lot of promotions that passes you a credit line or enables you to rent as you use. Are they really good deal? Probably some are some are not.
Here is an infographic that lets you understand some of the evil downsides of predatory lending:
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