Some Very Practical Credit Card Debt Advice
Regardless of what the news may tell you and leading economists may say credit in and of itself is not evil. It is the running up of credit you cannot afford to pay that gets you in trouble and this is also the kind of credit problems that the country experiences too. A deficit is when the country spends more than it has coming in and then has to extend its credit with banks in order to pay the bills. That is an extremely simplified explanation but the point is that you are not alone and everyone could use some good credit card debt advice. The problem with most credit card debt advice is that it is usually given by someone running around claiming that the sky is falling and not all the credit cards in the world can prop it up. What people need is some real world credit card debt advice and saying that you should avoid credit cards is not real world credit card debt advice, it is being unrealistic. Here is some real world credit card debt advice to help you out.
Try And Stick With One
About the best credit card debt advice you can get is if you do not already belong to a credit union then join one. Then go into your credit union and ask them for a credit card with a decent sized limit that you can use but is not outrageous. The credit union won't raise your limit without you asking and for the most part a credit union will keep their interest rate at around 10% or less. If you can keep your life to just this one card then you will be fine. If you need an increase then ask for it but try and use cash when you can.
Use It As A Back Up
Everyone is going to get credit to buy that great stereo system, or whatever, at least once in their lives so warning against that is pointless. But if you can just use your credit as a back up and not as the main way you purchase goods and services then you will be much better off. It gets tempting and every once in a while everyone gives in to the temptation and that is okay as long as you can afford it. But try and keep it under control and only use your credit as a back up if you can.
Avoid Store Cards At All Cost
Another great piece of credit card debt advice is to avoid store cards all together. They are useless anywhere else besides the store, they charge outrageous interest rates, and almost every store in the world takes your major credit card. You don't need store cards to use credit in a store so avoid them at all costs.
