Along with the run of time there are many progression have been developed as well. At this globalization era there are several significant progression have been developed in financial field. One of them is the using of credit card. In the last ten years it’s not too difficult to have credit card. Most of people today have one or more credit cards those could be used for many purposes in different time. Moreover many people prefer to use credit card instead of cash since it gives more advantages and suitable for many purposes. Since it has been promoted at these recent years, it seems more people really interest to have credit card and use it in daily transaction. Using credit card in most of all transaction actually wouldn’t be a problem as long as such people have good control while they are using it. The problem occurs when they lose their control hence they have such a bad credit. Moreover it would be more complicated when they have to pay the credits all at once on the same time. When they couldn’t fulfill these credits, they would get such a bad credit status. In the future this bad status would complicate when they need to apply other credits. At that moment I think bad credit mortgages would be the first choice when such people have to mortgage their house in order to get some loans.
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