Credit Card Debt Is the Most Notorious Debt We Have in America
Credit card debt
has been continually growing over the last 10 years in America. It is reaching unheard of numbers, which is not a good thing. If everyone got to a point they could not repay it then our banking system would see a huge crash again. But funny thing is the banks started this mess. Do you remember how you were INVITED to get your first credit card? They sent you something in the mail, they came to your college campus, or you get a discount from your favorite store for applying for their credit card. Believe me all the promotions are actually an attempt for banks to get you into debt. The more in debt they are the more money they make. It may sound backwards, but it is true. Credit card debt in America is stressing Americans out which may come in the form of parents working two or three jobs and not being able to spend time with kids, it may come in the form of alcoholism because someone cannot deal with the reality, and believe it or not the stress from finances can even come in the form of suicide. Being in debt is not a good thing for us, but being in debt is a HUGE business for the banks.
should be the epidemic we work to eliminate. How great would it be if we taught our kids in school how to establish credit, handle the day to day living, or saving money instead of getting themselves into credit card debt? Instead next time you are out for a day - driving, grocery shopping, and lunch - count how many times you see something talking about new credit cards or you are asked to apply for one. Now put yourself into the mind of the young adult. And this €free€ money is put in front of you and you don't have to use your money you just earned on your paycheck! Sounds great when you are that age, you are full of hope for your future so who cares what you charge up now because you will pay it off in the future when you get your €real€ job. But we all know what happens when you fast forward 10 years into that young adult's life and guess who else knows? The banks! They know they will make 3 times what the borrower originally borrowed in interest and that is big business. It is time to start teaching how to NOT get into credit card debt. The bank will continue education WHY you should get into credit card debt, but as a society we need to do our own educating and not continue to watch our children and the future struggle with this awful fight. Families and lives will continue to be ruined unless we stop it.
http://debtrelieffinancialservices.com
has been continually growing over the last 10 years in America. It is reaching unheard of numbers, which is not a good thing. If everyone got to a point they could not repay it then our banking system would see a huge crash again. But funny thing is the banks started this mess. Do you remember how you were INVITED to get your first credit card? They sent you something in the mail, they came to your college campus, or you get a discount from your favorite store for applying for their credit card. Believe me all the promotions are actually an attempt for banks to get you into debt. The more in debt they are the more money they make. It may sound backwards, but it is true. Credit card debt in America is stressing Americans out which may come in the form of parents working two or three jobs and not being able to spend time with kids, it may come in the form of alcoholism because someone cannot deal with the reality, and believe it or not the stress from finances can even come in the form of suicide. Being in debt is not a good thing for us, but being in debt is a HUGE business for the banks.
should be the epidemic we work to eliminate. How great would it be if we taught our kids in school how to establish credit, handle the day to day living, or saving money instead of getting themselves into credit card debt? Instead next time you are out for a day - driving, grocery shopping, and lunch - count how many times you see something talking about new credit cards or you are asked to apply for one. Now put yourself into the mind of the young adult. And this €free€ money is put in front of you and you don't have to use your money you just earned on your paycheck! Sounds great when you are that age, you are full of hope for your future so who cares what you charge up now because you will pay it off in the future when you get your €real€ job. But we all know what happens when you fast forward 10 years into that young adult's life and guess who else knows? The banks! They know they will make 3 times what the borrower originally borrowed in interest and that is big business. It is time to start teaching how to NOT get into credit card debt. The bank will continue education WHY you should get into credit card debt, but as a society we need to do our own educating and not continue to watch our children and the future struggle with this awful fight. Families and lives will continue to be ruined unless we stop it.
http://debtrelieffinancialservices.com
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