Credit Cards Informative - Advice?

Review by maverick1 on 2008-11-23
In the last few years, the easily available credit cards and loans in the market have superbly enabled us to increase our purchasing power way beyond what our salaries ever could.

I can now buy just about anything on EMI by availing of these loans and credit cards - be it a car, a house, expensive jewelery or a branded watch that costs almost more than 10 times my salary! What bliss.... and all because of the availability of credit at this age. Its a lifestyle I so enjoy, but one which I know I must curb at some point. I have been telling myself that I should stop spending too much on my card because the bills at the end of the month tend to bother me. This heavily credit-dependent lifestyle makes me feel good and experience things I couldn't otherwise, but it also stresses me out every now and then. I tell myself and I want to stop but I can't seem to! It's almost like an addiction now. It's frustrating every now and then.

Anyway, logic not prevailing, I have been continuing the same lifestyle. I don't think I will ever be able to stop it completely but regulating the habit is something I am looking at now. I have begun to search for some way in which I could possible get some professional guidance on "how much" of this indulgence was ok for me at each point. To what extent could I indulge and still manage to pay my bills and EMIs? To what extent can I afford to live on credit and yet not be stressed about the bills?! How many loans can I take and still manage to pay off the EMI's comfortably every month so that I am not in a situation where I have no money in the last week of every month!?? For how many months of the year can I afford to continue paying the minimum on my credit card?

Would any of you be aware of any such service that I can avail of? Who do I approach for such advice? Would be great if you could write in and advise me people!
Comments:3 Replies - Latest reply on 2008-11-23
Posted by Anonymous on 2008-11-23:
You want to be relieved of the stress yet continue to live the same lifestyle? In the real world not possible unless you marry someone with cash to burn or hit the lottery. If you are serious then there are many organizations available. Do be careful because there are a few who are nothing but con artists. Oh, what's an EMI?
Posted by Nohandle on 2008-11-23:
PassingBy, I might be wrong but feel this was written with a bit of sarcasm. Hey maverick contact the FG. They are presently passing out all sorts of freebies. Put your name on the list and add mine as well.
Posted by Anonymous on 2008-11-23:
Nohandle, I also wondered. Maybe it was written by a CEO of a major auto manufacturer.

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