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The Credit Card Disease
By
Jim Noel
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The little disease that comes
with those credit cards. Oh yes, we all get it in the
mail, all those offers to get a credit card.
So tempting 0% financing for a year, no payment for 3
months, $10,000 credit line, and the most dangerous, YOU
ARE APPROVED!
We have all had a credit card in our possession at one
time or another. Whether it is a department store, or gas
card, or the most dangerous of all the MasterCard or Visa!
Good at most places in the world.
Let’s talk about the MC/Visa cards for a moment. These
you can use everywhere, even at McDonalds. These cards
tempt you with there low rates, big credit lines, and the
ease of applying for one of these.
Now why do I call the credit cards a disease? Well you
begin paying for that dinner out on the town, next thing
you are doing is picking up a few items at your local
Wal-Mart or other discount store.
You get the bill in the mail and you pay it off. Next
month you put a little bit more on it, when the bill comes
you pay it in full. Well this goes on for a few months,
and you think, I am in control of this situation.
WRONG! Before you know it you are charging bigger ticket
items, then you have that little problem with the car, and
you use your MC/Visa to pay for it. The month is coming to
an end and you are running low on cash.
Well you figure I just need a few groceries, so I will
just put them on the ole charge card. Well the bill for
that month arrives and your hair stands up on end because
the balance is a lot higher than you thought.
What now, I don’t have the money to pay it in full, so I
will pay half of it. The cycle of spending on the credit
card goes again for the next month. Sure you try to keep
it down, but when the bill comes again you have sticker
shock!
And now you have that balance starting to climb, and again
you cannot pay the whole bill in full. As the months go
buy the ole credit card keeps getting used.
Then the bad month comes up, the refrigerator goes out,
the toilet over runs etc. Well even though you might have
paid cash for these items, the one thing you forgot to pay
was the credit card bill!
Oh my, it was due on the 10th of the month, and you did
not send off the payment till the 8th of that month!
Woops, the payment arrived on the 11th.
To your dismay your next month credit card bill no longer
has 0% interest; it has jumped to 18.9% or worse, just for
being that one day late.
What I am trying to say here is that credit cards not only
put your in a financial strain, but all so cause you
health problems as the stress of being in debt has now
gotten to you.
Bad things happen to good people. We don’t intend for
this to happen but it does, and sometimes out of our
control.
Credit cards can be used for anything these days, and
sometimes what life deals us gives us no choice but to use
one if we have it. Even for hospital bills, medicines,
food and what ever else we need to survive.
I know this for a fact! I am a person due to some very
unfortunate circumstances find myself in this position,
and it was not planned!
This is why I decided to sit down and write this article,
to try to help get the word out that credit cards are bad
for you financially and health wise.
It does not matter what walk of life you are from, what
color you are, where you live, etc., more and more people
are filling for bankruptcy everyday, due to having
problems with credit cards.
Even worse yet people are loosing there homes and
possessions cause they cannot pay there credit card bills.
Please don’t get caught up with this disease, due it for
you and your family.
If you would like to read more about my history with
credit cards, I have set up a cheap little website to
better tell you my story.
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