Easy Credit Is What Got You In This Debt Quagmire In The First Place!

Before credit cards came into existence (and, yes, there was a world without credit cards at one time) it was a lot more difficult for people to get in over their heads financially. It happened, of course, but not with nearly the frequency that it happens in the credit card laden world of today.

People really didn't have the ability in the form of a credit card to get so deeply in debt that they couldnt get out. Loans had to be approved by other living people. Credit histories were checked and employment was verified before credit was extended.

Credit cards have made getting credit very, very easy, and that easy credit is getting a lot of people into serious financial difficulty. If a person has a social security number, they can get a credit card. In fact, I'm not certain that even a social security number is necessary — maybe just a mailing address works. A man in California got a credit card for his dog and used nine zeros as a social security number.

Having a credit card is not a badge of honor. It doesn't assure the world that a person is financially responsible and that they pay their debts on time and in full each month.

Managing debt means being financially responsible. We live in a world where instant gratification is the expected norm. See it, want it, buy it…with a credit card. The problem is that it wasn't bought; it was charged, and the bill will come due. Buy it now, worry about paying for it later seems to be the mantra of the nation today.

Credit cards are the vehicle that is used to drive into deep and unrelenting debt. That easy credit is the root cause of second, third, and final notices filling mailboxes, and it provides jobs for debt collectors who will be calling day and night.

Tags: personal financial problems, managing mortgage, personal loans, mortgage, consolidate your debt, good debt management, managing personal debt