4 Borrowing Myths You Need To Stop Believing

Posted onOctober 03/2016By

Most people borrow money at some point in their lives. It could be a small loan or a large mortgage, borrowing money is part of modern life. But many people are intimidated by the prospect of borrowing, and as a result they buy into the myths that often circulate about borrowing. Borrowing money doesn’t have to be a bad thing; in fact, it can give you a lot of flexibility and provide opportunities that would otherwise be closed to you. If you want to be smart about borrowing money, then you should be aware of these myths and stop believing in them. Credit Cards Are Bad Many households are saddled with credit card debt, and the interest rates can get really high. This causes many people to mistrust credit card loans, believing that you should stay away from them altogether. If you use credit cards responsibly, you can actually raise…

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