How to Avoid Credit Card Debt

Topics: Credit card, Debt, Money Pages: 3 (881 words) Published: March 26, 2009
Kashune Smith
Sarah Stephens
English 101
Solutions paper

How to avoid credit card Debt

Credit card debt is a big problem in the United States today. The lending creditors are taking advantage of consumers, which pile up charges on their credit cards, to the point they are unable to pay of f the card at the end of the month. Consumers end up relying on the credit that is provided by the card issuer. It becomes a ‘means to an end’ and the worst kind of debt consumers can accumulate A Good way to cut down on credit card debt is, not to charge things like meals, groceries, or going to the movies. Don’t charge something if it won’t exists when the bill comes. By paying cash for these kinds of things, you will save your credit for true necessities. Charge only what you can afford, try not to use a credit card to finance an unaffordable life style. If you can not pay off the entire balance or most of the balance every month, then you are overspending. The single most important rule about wise credit card use is, consumer must learn to pay off the entire balance each month. It will cut down on their rising interest rates, and other penalties the credit card companies apply each month.

Credit card debt is perhaps the largest reason why so many of us go into debt every day. We have begun to use our credit for everything. The high prices most business charge for using a checking debit card. This has pushed consumers to use their credit cards more often. Credit cards are a very convient tool for making purchases. Many people use credit for paying bills and planning expensive vacations via internet. Avoid purchases on things that will depreciate, such as buying cars, clothing, furniture, and iPods. Put to use towards college that will give you a brighter future.

Plastic has become the norm, while many consumers are using their credit cards responsibly, some are just simply irresponsible to manage their credit card charges...
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