Credit Cards are bad. Period. There is no other way to say it. Credit Cards, along with interest only loans (which I’ll save for another day) are a true plague. The only reason why you should not give up credit cards is if you enjoy throwing money down the drain. I will attempt to outline
If you are struggling with credit cards and are trying to figure out how to manage them without declaring bankruptcy, then you need to read this. Americans are finding themselves with increasing numbers of credit cards. There are some strategies to living without credit cards forever. Credit card debt accumulates interest faster than any other
Consumer debt is debt that is accrued by purchasing consumer products as opposed to investment debt that is used to make investments. The vast majority of consumer debt in American is in the form of credit card debt. Consumer debt is fast approaching the one trillion dollar (1,000,000,000,000.00) mark. Credit card debt makes up about
Credit card debt is not the only kind of debt that gets us into financial trouble, but it is the easiest. When many people think of debt, they automatically think of credit cards, but the truth is, consumer debt can take just as much of a toll on a person’s finances as credit card debt.
If you are a college student, you are probably concentrating on your studies and trying to get an education that will benefit you in the future. One thing that you may not be thinking about is how to handle your money, and failing to do so can leave you in a pretty big financial mess