Settling Using a Credit Card

Settling your agreement using a credit card makes sense if your credit card company is charging you less interest than Carlyle Finance. However, there are several things to consider before doing this. Credit cards are great for short term funding but not so effective for longer term borrowing. Typically they have variable interest rates, that can go up as well as down. Additionally credit cards are a 'less structured' form of repayment and it's tempting simply to pay the minimum amount and not the balance. If you are not careful you could be paying much more in the long run.