How these credit facilities make you fall prey for the debt trap?

Life’s little surprises always bank on credit facilities. Raj, a 35 year old executive built his dream house which he financed through credit. To meet his new lifestyle requirements, he went on a spending spree adding more electronics to his foray through his credit card. Little he did realize that his debt slowly was snowballing to a huge sum.

https://holisticinvestment.in/blog/credit-facilities-make-you-fall-prey-for-the-

debt-trap/

Regards

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in

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I am of the opinion that if you use your credit facility wisely I am sure you will never fall in debt trap. You need to control and limit your usage on credit cards so that you dont overspend. You need to manage your monthly budget where you can also pay your credit bill accordingly.