By using credit card unwisely one maybe getting a high for short term but as the time passes by it’s a pain ……… wherever, you want to define it. It gives a dream of having lots of money, what happens when you wake up from the dream. Then even your reality seems to be more shattering; as you live with less as each month a portion of your income is siphoned away paying past credit debt.

In 1995 the total credit card debt was $195.2 billion (up $30 billion from June 1994). The average balance was $1825 (up $75/card from the year before). A director of Bankcardhoder Services that year said it would take a consumer making the minimum payment of $36 per month more than 22 years to pay off the debt and interest. By June 1996 the average balance had sky rocketed to $3900 and in December, the total debt had jumped to $400 billion. Since then, the growth rate has not stopped!

Credit is positioned like a foundation of life, so that we use it, and use it, and use it until we literally cannot survive without it. Are you aware that not carrying a credit card is not against the law? Some people would be dumb founded by that thought.

Creditors are not doing you any favors by extending you credit. They are getting you hooked and draining off your future wealth--- future money that you can't even guarantee is going to be there. Why? Can you guarantee you will have your job tomorrow, next week, next year, in 10 years? But you are promising it away just the same.

Creditors are not giving you anything. They do not make a penny until you go into debt. And they prefer that you are horribly irresponsible and charge everything you see. They want you in debt and the deeper the better! And just as you think you are smart enough to climb out of your credit entanglement, your friendly credit card executives are figuring more and better ways to offer convenience to entice you to use your card even more.

For example:

The fact is, credit card executives now know that most credit worthy people already have 2+ cards. But they still send out 2.5 billion solicitations annually and the average household receives nearly 2-dozen per year. Still, finding innovative ways to increase credit debt is their primary solution to increase profit. As a bankcard executive reported, "We will break down the barriers of debt." It doesn’t seem far from getting us all addicted.

Until we learn where the limit to the usage for the card ends we well live maybe, "six feet under". Until we stop creating new debt with the convenience of a credit card, our lives will be in the hands of our creditors. We have got to define our limits and stick to them …... A thought "what doesn’t belong to us how can it be ours"!

Knowingly, if one wishes to jump in the well all one can say, "Jump". But for the one standing on the edge make a decision in favor of yourself and your family instead of the credit card industry.

Otherwise living in an illusionary world, will shatter not only you but also others around --- just like an addict.