What is a Credit card

Before we begin, let us first start with the basics, which is what a credit card is. So what is a credit card?

A credit card is simply a card issued by a financial institution, usually a bank to her customers allowing such customers to purchase goods and services on credit (ie without actually paying for them with the customer’s own money). It is a kind of lending service by the bank and interest is collected on amounts borrowed by the customers. [Read more…] about Credit card debt consolidation