There could come a time when you need money in a hurry. In fact, you’re so anxious that you immediately begin to consider all your options – even those that are not necessarily in your best interest.

Despite the bad name, loan sharks are attractive to consumers for many reasons. Not only can you obtain the money you need in a hurry, but you don’t have to complete mounds of paperwork to do so. It’s the best of both worlds, right?

Of course, there’s a drawback: you’re doing business with a shady individual or company, all while paying more in interest than you ever should. Add this to the fact that there are no regulations, and you’ve put yourself in a bad situation.

Rather than turn to a loan shark, consider the benefits of obtaining a credit card. There are many reasons to go down this path, such as:

  • Hundreds of offers to choose from, even for people who have bad or fair credit
  • The opportunity to deal with a legitimate bank that has your best interests in mind
  • The safety and security of borrowing from a reliable financial institution
  • No personal safety risk, even if you make a late payment or default

Many people shy away from a credit card because they believe it’ll take them too long to complete the process. This may have been the case in the past – before the days of the internet – but it no longer holds true.

You can search for offers online, apply for the perfect credit card, and often times receive a decision on the spot. This gives you the opportunity to move quickly. So quickly that you can begin to use your new credit card in the immediate future.

So, if you ever find yourself trending toward a loan shark, think twice about what you’re doing. You’re much better off securing a credit card.

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