My advice on a credit card is if you don’t need it don’t get it. I really don’t think that anyone needs one because of the barron that it puts on families today. Families are living off of credit cards today and that is why we are seeing so many forclosure’s, Bankruptsy and things in that nature. I personally have had credit cards and don’t think that i will ever have another one for many reasons.

When you get behind with a credit card company they are going to make so much money off of you that you will never be able to get caught up. You may get caught up but i guarentee that it is gonna cost you ten times as much to get caught up. Yes everyone today gets behind on something. That is life and we just have to deal with it.

So before you go and get or send out for a credit card you need to ask yourself a few questions am i going to be able to afford this or is this going to damage my life. You alway’s want to do everything that you can do to make it easier on you and your spouse or better yet even yourself. Remember credit cards can be a good thing for some people but i would say eighty percent of people that have a credit card are in trouble with it because of the way the economy is. Alway’s play it smart never let something like a credit card ruin yours or someone else’s life. There will be times to where you can’t help but to charge something But if you do just alway’s make sure that you make your payments on time.

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2. Want Out of Credit Card Debt? Rip Up Your Credit Cards
3. How to Get Debt Free
4. Benefits of Debt Consolidation
5. A Few Thoughts On Getting Out of Debt

Moving on to the core question. If you cannot handle money tear up or rip up or cut up your credit cards. On the other hand there are those who handle debt nicely, even though they may not make all that much money. In this case they should go slow with the scissors.

When you rent a car you can put the reservation on a card and pay later with cash, with no balance on your card. When you charge something you are getting an interest free loan for a month. If you pay it back in a timely fashion, you owe no interest and the credit card companies despise you as much as the non-payers.

You must ask how important cash is at the time. If you must have cash on hand, charge and pay at the end of the month. If you need to watch the big game and make a purchase of several hundred dollars, pay it off in a planned pattern. Doing so will cut the interest owed to a negligible amount no matter how high the rate of the card. And all this time you have the product and cash for everyday needs.

Naturally, it would be the optimum situation to have put this television on a low interest or no interest card. I can attest to this because some companies were losing money on me and dropped me even though I used their card often. I was not paying them sufficient interest. I was as bad a deadbeat, as a late payer.

As you have noticed I was never in debt. If you got into debt from buying everything and anything then it is time to get the scissors out or rip up your credit cards. All of them, and start a disciplined regimen until you learn the value of money and how dangerous debt can become. Ask the U.S. government, but then they can print money — probably won’t be seeing Obama asking for a debt consolidation anytime soon.

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1. How Credit Cards Destroy Your Personal Finances
2. How to Lower Your Interest Rate
3. How to Get Debt Free
4. Personal Finance Tricks For Getting Out of Debt
5. How Debt Consolidation Loans Work