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Here’s an absolutely frightening graphic showing the growth of credit card debt in the U.S. from 1970 to today (and beyond). The graphic is courtesy of Man vs. Debt. I think it really hammers home two points: How much the American consumer has become dependent on credit cards over the past 40 years. They got their credit card company to back off and slash their payments by taking their plight to CNN: Chuck and Jeanne Lane got some good news earlier this week: After more than doubling the Lanes’ monthly minimum payment, their credit card company is now slashing their payment. The Ohio couple was featured in a CNN story [...] Suze explains why Debt Consolidation is a scam, and provides detailed steps to consolidate credit card debt on your own – without paying a 3rd party. She also details how to cover your bases and make sure your credit score benefits from the consolidation. The striking part to me is how much sense it makes from [...] This is a guest post from Trisha Wagner. One of the leading causes of credit problems for financially responsible people occurs during or after a financial emergency. You may pay your bills on time, use your credit wisely and make your mortgage payments, but if you do not plan in advance for a financial emergency you [...] |
 
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