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Joined 09-23-16, id: 8297668, Profile Updated: 09-23-16

Many people promote the case of credit cards, quoting the benefits and convenience that arises from them. Nevertheless, there is another group/line-of-thought that highly opposes charge card. The reason being 'Excessive Credit Card Debt', which is one of the most severe issues faced by the charge card holders and credit card market.

You cannot pull the shutters on the credit card industry just because of a couple of reckless individuals (or even if it's more than few). That is not a solution for beating extreme credit card financial obligation. You can't ignore the benefits associated with the credit cards. Kredittkort

The concern of extreme credit card financial obligation can be taken a look at from 2 angles. Is resolving of the excessive credit card financial obligation issue at the market level and second is the resolving of the excessive credit card financial obligation problem at the individual's level i.e. at the credit card holder level. The first approach involves increasing awareness of the excessive charge card debt issue to the masses.

This is more or less being done currently too. There should likewise be an effort to tackle this problem of extreme credit card debt at an even deeper level. This suggests attempting to devise a mechanism to nip the problem (of excessive credit card debt) in the bud. This mechanism ought to really be a part of the general system. A lot of believed requirements to go into devising such a system. Case research studies need to be used up, statistics collected and a correct online forum formed (with agents from the credit card holders and from the credit card providers).

As of now, the credit card suppliers just seem to be participated in bring out brand-new items and getting clients registered to those items. There is little interest paid towards attending to the problem of extreme credit card debt in the real sense. Something like attending compulsory workshops on the root causes of excessive credit card debt might be made part of the credit card application process. Another way of handling the issue of extreme credit card financial obligation might be: cultivating a system for computation of suitable credit card limit at the individual level i.e. no standard/product-based credit line. Kredittkort test.

There could be systems for proactively warning the users about extreme credit card financial obligation (based on their credit card usage) or even imposition of early constraints on discovering the very first signs that lead to extreme credit card debt At the individual's level, the treatment of the problem of excessive credit card financial obligation would consist of following of finest practices (on credit card use and avoidance of excessive credit card financial obligation) by the people themselves. A list or a set of questions could be supplied to people for recognising the first signs of excessive charge card financial obligation.

So, the problem of excessive charge card financial obligation can certainly be handled by creating some severe thinking at a more comprehensive level together with discipline at the individual's level.

The reason being 'Excessive Credit Card Financial obligation', which is one of the most severe problems dealt with by the credit card holders and credit card market.

Is dealing with of the extreme credit card financial obligation problem at the industry level and 2nd is the resolving of the extreme credit card debt issue at the person's level i.e. at the credit card holder level. Something like participating in necessary workshops on the root triggers of excessive credit card financial obligation could be made part of the credit card application procedure. Another method of dealing with the problem of extreme credit card debt could be: cultivating a system for estimation of applicable credit card limitation at the specific level i.e. no standard/product-based credit limits. kredittkort norge