The Debt
In America, it is not only accepted that the majority of us are knee-deep in credit card debt, it is normal. Two generations ago it was just flat out wrong – a sin, to have any kind of debt at all. Today it is quite a different story and credit card debt is a mega, multi-billion dollar a year industry. The major credit card companies are eating it up like hotcakes and our credit reports are taking a lot of the heat. More than 75% of all college students are in credit card debt within their first year of school. From Sears to Visa to Diner’s Club, people are adding to the debt stock pile that the distributors thrive off of. There are tens of thousands of websites that support and offer more to this enormous problem and it has got to stop! We have to draw the line individually, because there are no boundaries on the excessive spending in America.
What’s Really Happening
It’s even stated in the Bible – “The borrower is slave to the lender.” In any case, where you have taken out credit on something; be it a car, mortgage, student loan, credit card, etc…, you are borrowing money. Not only that,...