Credit Card Debt

Many people drop acknowledgment separate and just about of the time the conviction invoice is not used in the right moment. I believe that address cards ar not beneficial because they arnt used for the right things. It would be very different if they were used correctly, extension cards are to be used it case of an emergency,meaning not to be used when you are going to the 7-eleven to get a bag of chips an a soda. It has shown that to a greater extent than 75% percent of americans have been bankrupt or on the verge of it.There are more than 60% of americans that have reference point card debt because they are using them for the damage things. Facts have proven that the total U. S. credit card debt, is $793. 1 Billion. and Average credit card debt per nursing home is 15,799. most people do not understand that when you have a credit card it comes with alot of province and i say that because there are more than 10% of americans have been victims of credit card thieving it may not seem like alot but credit card theft is a very serious thing.Most complaints come from adults within the ages 40-59, Nevada, Colorado, and New Hampshire have the highest rate of credit card fraud. Having a credit card is not what people think it is people think that if i have a credit card then i do not have to have cash with me, and its just remedy money but its very dangerous to have a credit card. Having a credit card can lead to bankrupt and going bankrupt can make you lose everything such as your car, house, and etc. , or it could be worse an you could be placed in jail for a hanker time.Just because you had a credit card and used it for the wrong thing and spent way to much money A credit card is nothing but trouble each and every type of way. The credit card companies and banks are getting richer, while most Americans are getting more in debt. The scrimping is in trouble, therefore, more and more people are relying on credit cards. In todays society we are cons tantly trying to get unwrap of debt, but in the process of trying to get ourselves out of debt, we create more debt.One of the major problems that most of us are dealing with is credit card debt. Most credit card companies are not looking out for your best interest. They are constantly raise interest rates. Minimum payments are just enough to cover the finance charges. Most Americans should not use credit cards for the following reasons it will create bad spending habits you will incur more debt affecting credit score rating and possibly make you a victim of identity theft.In my opinion, a credit card should be used for procures that you are able to pay off in luxuriant upon receiving your statement, but most of us dont. Most people lack self control and tend to twist the credit card. Credit cards should mainly be used for emergencies, but we tend to use them for routine purchases such as food, gas, clothing, etc. Some people are living in a borrowed lifestyle, because they pu rchase things they cant afford. People will spend more on a purchasing using a credit card than they would with cash. People that use credit cards tend to spend 12%-18% more on transactions than those who use cash (faithfitnessfinance. com). For example, if you are going to pay with a credit card in a fast food establishment, it is easier to get the large drink instead of the medium drink. When the statement arrives, most people will make the minimum payment on his/her credit card. The minimum payment all covers the finance charges, which will increase the amount of time it will take to pay the debt off. It will to a fault increase the amount of interest you end up paying