General Consumer and Credit Card Debt

It’s easy to get enmeshed in consumer debt. Remember: you can consciously enter into excessive credit card purchases you cannot handle. All government regulations tell you is what the small print says, but in larger size. They will do you no good once you spend insanely.

Consumer debt is an addiction. If you can’t handle it, do not use credit cards. If you have cards, treat them wisely. This means pay debts punctually and don’t drop a card for others to get better deals; it hurts your credit standing to have too many. As it does if you decide to drop the excess. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)