Credit Card Loan, is it Worth it?

Credit card loan is a loan that was given to the credit card owner by the credit card issuer. It works similarly with personal loan, where people can get sufficient amount of money for whatever they have in mind. But in this case, there is no need to provide any collateral and there is no need for any papers. The question is, is this kind of loan worth it or not?

People need to see it from different point of view. Credit card loan as unsecured loan has higher interest rate compare to personal loan or other kind of secured loan. But it give people the freedom to get the money they really need in no time because they don’t need to provide any documentation, because the credit card issuer already have the whole personal information of that person in the first place.

For those who are in need for extra cash may want to consider other options that has lower interest rate. But for those who have emergency need and don’t have time to wait for long, this may work for them. So, does credit card loan worth it? As long as people fully realize all about it and how much they will end up paying the loan, there is nothing wrong with it.