The world economic system refers to the world’s nations, their individual financial systems, and the associations that connect them in an international marketplace. However, the total collapse of the American housing market  and the global economic disruption that trailed in 2008 brought the phrase “economic meltdown” into focus. For people crushed under a heavy load of credit card debt, a debt settlement program provides them with a sigh of relief. Times are tough and it’s now an accepted fact that a majority of the people are handling some sort of debt or the other. Whether it’s US or Europe, people are finding it difficult to make ends meet, despite working hard.
Some of us may not be aware of this but it is possible to use our bank card as a debit card or a credit card in a lot of shops. The decision to choose either of these options will have pros and cons and it is therefore a good idea to consider these fully before deciding on either option. If you are using your bank card as either a credit or debit card the money is still going to be taken from your account.
If you are faced with the dilemma of choosing a credit card or debit card there are a few things you will want to consider. Both of these pieces of plastic provide a different service and each has pros and cons associated with them. When you understand what each card has to offer you will be more likely to choose the one that is going to be most suitable for your needs. Read the rest of this entry »