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Credit cards have become widely regarded as indispensable tools in both personal and business settings, with nearly ubiquitous ownership and acceptance at most establishments. However, the issue lies in the fact that credit cards, ideally intended to be paid off in full each month, can inadvertently result in escalating debt due to accumulating interest on unpaid balances.
Under certain circumstances, opting to abstain from owning a credit card can be a more prudent choice. Here are indicators that suggest you should consider refraining from or temporarily postponing acquiring a credit card.
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