The average American household carries $10,000 in credit card debt. And college students are graduating with too much credit card debt—close to $4,000 on average. The credit card industry vigorously markets to college students as valuable new customers on campus, and at home, companies fill our mailboxes with solicitations in an effort to poach business. All too often, the deals they offer take advantage of consumers. Our Truth About Credit campaign will put a stop to the out-of-control marketing and unfair practices of the credit card industry, with a focus on college campuses.
The Truth About Credit Card Debt
http://www.daveramsey.com/the_truth_about/credit_card_debt_3478.html.cfm
Myth: Aren't there positive uses of a credit card? Like rebates and airline miles?
Truth: Responsible use of a credit card does not exist. Credit card debt is a major problem in America.
There is NO positive side to credit card use. You will spend more if you use credit cards. Even by paying the bills on time, you are not beating the system! But most families don't pay on time.
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