It is any day better to convert your big-ticket expense in to a loan and to pay it little by little. This is because the interest rate that’s charged on credit card loans or credit card EMIs are relatively lower than the interest rates that are levied on late payments. In the latter, the amount will keep increasing and snowball in to a figure that’s way inflated than the original amount.

Thus, if you cannot pay off the credit card bill in one go, it is advised that you convert an expense in to a loan than to delay payment and pay higher amount on it. With the loan option, you can easily repay principal as well as interest amount until your debt is cleared.