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Article On The Credit Card Myth

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The Credit Card Myth
By Dominique M Erie | Submitted On January 11, 2013

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Many of our fears are often perpetuated by myths, things that aren 't even true. Sometimes the truth is obvious, while at other times it 's more suppressed. This is why it is important to continually educate one 's self in order to distinguish the myths from the truths.

When it comes to finances and credit, there are a lot of myths floating around. Some myths are so common that people accept them as truth. I remember my 1st year heading into college my grandmother told me in short, "don 't get a credit card, they are bad" (well, that was informative). So naturally without any real explanation or understanding of what she meant, I got my first credit card two months after. As a matter of fact, I got a free slice of pizza just for applying, and at the time for a broke college student like myself, I just came up. Fast forward several years with some reflection, I realized there was little truth in her statement; she failed to educate me on how to manage credit and using the credit card as a financial benefit. Let 's be clear, it would not be fair to blame my grandmother for my

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