In Debt with Credit Cards
I was quite shocked with the statistic of how many young Malaysians are in debt with credit cards. Most of them will only look for cash advance or balance transfer to settle their debts, but without controlling their spending, it’s going to bring them deeper into this financial disaster than coming out from it.
A cash advance is only meant for those who need money urgently and it provides a temporary relief if you can’t get the amount of cash in a short period of time. But don’t just get the money and splurge on the luxury you are craving for as it won’t work this way. You will still have to repay the loan!
Just control the spending, and forget about using the cards.
