Credit Card Debt

galore(postnominal) tribe use opinion notes and adept about of the time the trust bank note is not employ in the chasten moment. I intend that credit separate atomic number 18 not beneficial because they arnt used for the right things. It would be very different if they were used correctly, credit notes argon to be used it case of an emergency,meaning not to be used when you are button to the 7-eleven to buy a bag of chips an a soda. It has shown that much than 75% percent of americans piddle been break up or on the verge of it.There are more than 60% of americans that have credit card debt because they are employ them for the wrong things. Facts have proven that the total U. S. credit card debt, is $793. 1 Billion. and Average credit card debt per household is 15,799. more or less people do not understand that when you have a credit card it comes with alot of righteousness and i say that because there are more than 10% of americans have been victims of credit card theft it may not seem kindred alot but credit card theft is a very heartbreaking 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 so i do not have to have money with me, and its on the nose free 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 allthing such as your car, house, and etc. , or it could be worse an you could be placed in jail for a long 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 economy is in trouble, therefore, more and more people are relying on credit cards. In todays caller we are constantly trying to get out of debt, but in the process of trying to get ourselves out of debt, we create more debt.One of the major(ip) problems that most of us are dealing with is credit card debt. Most credit card companies are not looking out for your outflank interest. They are constantly raising interest rates. Minimum payments are just enough to cover the finance charges. Most Americans should not use credit cards for the following reasons it result create bad spending habits you will incur more debt affecting credit score rating and perchance make you a victim of identity theft.In my opinion, a credit card should be used for purchases that you are able to pay off in full upon receiving your control, but most of us dont. Most people deprivation self control and tend to misuse the credit card. Credit cards should mainly be used for emergencies, but we tend to use them for terrene purchases such as food, gas, clothing, etc. Some people are support in a bo rrowed lifestyle, because they purchase 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 prompt 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 only covers the finance charges, which will addition the amount of time it will take to pay the debt off. It will as well as increase the amount of interest you end up paying