July 30, 2011

Credit as a Trap

By Planet Wealth

p I grew up in a very small town, and it certiainly had many advantages . We were far astray from the craziness of huge city living . But one thing I always wanted was to do things in my own, you know . I thought that if I went to my own place, supported myself with a job, and got a a href=http://www.moneymakergroup.com/%3Cspan%20class=%27posible_changer%27%20id=%27spin_19%27%20onclick=%27ShowSpinOptions%2819%29%27%3ECredit%3C/span%3E-and-Loan-Discussion-f139.html target=_blankcredit card/a, then I would be living a near perfect life . But everything is not all it seems . younger peopel liek myself did not know that credit cards were so complicated and hurtful to ones finances . It has to be paid back . You may have thousands of dollars in credit available to you, but you cant just go out and blow it on things you dont really need . br /br /a href=http://badcredit-mortgageloan.com/raise-my-credit-score/ target=_blankCredit card debt/a is one reason Americans are having problems when it comes financially . The Creditor, often credit card companies, give credit out freely, and most often people dont establish how much they will have to pay back, after interest when all is said and done . I never got a credit card because I was frightened to end up like my cousin . Because I got out on my own early in life I luckily learned a lot about managing my credit . My cousin inherited some cash from her dead grandfather- 14,000 dollars total . Withing 4 days that money was spent completely . She does not have money management skills. She didnrsquo;t even make a payment on her home . She had already had 15,000 dollars worth of credit card debt. She finished up losing her house , her car, and her career (wonder how that happened) . br /br /But the moral of this tale is to learn money management early in life , by ready forums like a href=http://talkgold.com target=_blankTalkgold/a, and you will be financially independent in the long run . nbsp; /p

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