Credit cards are no more a luxury

[credebit]

Credit cards are no more a luxury, they are almost a necessity. So, you would imagine a lot of people going for credit cards. In fact, a lot of people posses more than one credit cards. So, the credit card industry is growing by leaps and bounds. However, the credit card industry and credit card holders are posed with a big problem called ‘Credit Card Debt’. In order to understand what ‘credit card debt’ actually means, we need to understand the workflow associated with the use of credit cards as such.

[FreedomDM]

:eek:Credit cards are most certainly NOT a necessity and shouldn’t even be considered for emergencies. Cash is king, regardless if the mighty dollar isnt worth the paper its printed on these days. There wouldn't be such a huge credit debt issue if banks and lenders weren’t giving out loans and credit cards to anyone who turns 18. With little to no education out there on the use of credit cards and responsible spending it would be safe to assume the average consumer was set up to fail when it comes to credit card management. I will agree that we need to understand and educate the origin and reasons behind credit card debt, starting with the federal reserve and the financial institutions that created this infinite debt America is in and will be long as we allow the banks to control this country. Credit cards are a necessity…what bank exactly do you work for?

People, get out of debt and stop using credit cards, it horrible to see the stats on what people are using their credit cards for. Everyones up in arms about fuel prices but no-one seems to mind using their credit card and being charged interest on their fuel purchases. REALLY? Credit cards have disabled logic thinking. Surely you would use quarters over dollar bills if you had to pay extra with the dollars over the quarters. That’s exactly what we’re all doing!!! STOP credit debt by stopping the use of credit cards.