Today I am going to recommend a safe credit loan app for everyone, i.e. YeLo.
Internet loan information is confusing, and YeLo is unique because it integrates various loan information, achieves good integration and applies for a credit card online. But before I introduce this application, I have something to say.
There is a question that, why do you want to use a credit card?
Because you are not as rich as a landlord.
A credit card is actually for the poor.
People who think that the card is only for consumption is wrong
I applied for my first credit card in 2013. At that time I was working for more than 3 years. The only reason I did this is that I was in crush with a “MacBook Air 2013” and had no money to buy it. I was a bit embarrassed to carry my Lenovo to Starbucks. Later, my colleague reminded me that I can pay for the MacBook through instalments, which is better than selling my kidneys.
So I called bank’s in next day, their customer executive was on phone with me, telling me why I should Choose credit card is best and all. I became so confused and so much troubled with terms like Reward points and fees. I hung up on them.
I thought I will find myself a Best Credit Cards offers of this year and card which provides me with more Credit money and comes with less bank charges. I searched across the bank sites and found so much information that it just became a nightmare. I heard the name of some popular apps so I decided to check them out and that’s how I came across YeLo credit card app.
It highlighted every information related to cards in a simple manner. I was able to choose which Credit card I want, see all the offers on it, how much fees and interest rates they charge after the interest-free period. It was very easy, I applied for a Credit card in just 1 hour which solved a lot of my finance problem.
Several years ago, a junior high school mate of mine studied in the United States. For the first time, I felt that he was a bit arrogant. He would often show off on Instagram, driving his BMW 7 Series at the speed of 180 km/h on the highway. I can’t help asking him about it. I got to know that his BMW was second-hand and paid by instalments.
That was the first time I understood the feeling of being on that stage. I was very angry and thought that the consumption culture has no future. But then I set up 3 credit cards by applying on YeLo app, from which I got 4 lakhs’ credit money, and I can easily buy most of the Credit card pros and cons I want.
Credit Cards is an Opportunity for the Poor
Writing this article has been under my consideration that you might think it is an advertisement for banks and YeLo credit card app. It is 100% true. In fact, most people have not yet formed a mature financial management concept, which is indeed worse than in foreign countries. Among my friends, very few people make forms for financial debt. I have never studied in a finance university, I was just pushed by life.
The reason why I have such huge changes, I found that people who are familiar with credit cards have different financial logic than normal people, which has affected my view of finance: money is a number and also a resource. I understood that between pure consumptionlism is totally different from using money in the right way.
You are just a beginner when you use a credit card as a consuming card. The key point is to recognize that credit cards are an opportunity for the poor. People who don’t borrow money actually have obstacles in doing things (of course, people who abusing money has more obstacles in doing things).
When you always borrow money, you can build relationships with the bank.
Most people in India are not Tier 1. Their deposits are also very limited. Especially those who have just graduated or even in college are a bit awkward. The savings of your parents are not yours. It can be said accurately that they have their own account and your name is not there. Your only relation with the bank is your poor salary or part-time wages.
There is not enough relationship (time or intensity) with the bank, it is difficult for ordinary people to borrow money from the bank.
A friend I know from the last 2 years, worked in light retails filed, owning a small shop for 3 years and it was closed finally. Then he joined a company, after three to five years of work, he applied for his cash loan online in 2012. In 2016, his credit money was still ₹50,000.
In totally 12 years he just has ₹50,000 relation with the bank! He wanted to make Best Small Business Credit Cards, other banks the bank rejected him because his credit score is low. No saving, no social security and contracts, even no credit card. Proof of asset repayment ability proves that his social credit is very low. What he did before was in vain. In society, people have accumulated four things: experience, interpersonal relationships, economic gains, and social credit.
Maybe you don’t want to borrow money, but sometimes life pushes you to take a step. And, sometimes chances come but you don’t have such social credit to size the chance, that is so pitiful.
If you are willing to find out, you can check credit card information of Yelo. If you think to download an app wastes time, you can also visit the simple web version of YeLo and check All Credit Card Offers of the year.
Even you are hesitated to apply for a credit card, cash loan home credit or not, you can quickly check the credit information of each bank there, and so many free financial suggestions are there, cash loan, personal loans, the business card offers also available on it. For example, do you know by which credit cards you can get 20% cashback today? To know more please click here!