SlideShare une entreprise Scribd logo
1  sur  4
Télécharger pour lire hors ligne
By Dermot Farrell

                                Copyright © 2012




  http://www.CreditCardDebtSecrets.org




The Secret Behind Credit Card Debt – Copyright 2012 – http://www.CreditCardDebtSecrets.org
The processes which combine, to create credit card debt come from a number of
alternative sources, which appear innocent enough when explored on their own.
But keep in mind, when amalgamated they end up in a tangled web, which
conspires to entrap the debtor into a veritable sea of debt. In a situation where
you are interested in learning the secret behind credit card debt, and figuring out
how to escape from this debt, then continue on to learn how to break through the
secret behind credit card debt!

Credit card debt has a habit of sneaking up on you. At the outset you may pay
little attention to the fact that things are starting to get out of control, however,
keep in mind as time passes more of your expendable income is ending up paying
for your little plastic friends. Then some fine day, you make up your mind to take
an in-depth look at your credit card bills, and to your astonishment and horror, you
realize that your credit card debt is spiralling out of control.

For a little while you happen to stabilize the situation by getting yourself another
low interest credit card, most likely one which has a zero percent transfer fee, for
the first six months. However, keep in mind, that all too soon this original rate will
run out and so too this card will end up on the big interest rate, and so the debt
begins to increase again.

However, this time it is higher than before due to the fact that you have been
relying on your cards to make more purchases during this time span. Around now
you may even have contemplated taking out a credit card debt consolidation loan.
Conceivably you have even investigated taking out such a loan, and find yourself
back right back where you started after a year or so after taking out the loan.

Now if this description appears familiar to you, if you have a few credit cards and
basically just don’t seem to have what it takes to free yourself of them, then you
are not on your own!

              The Secret Behind Credit Card Debt
The argument why you, just like so many people, are mired in credit card debt
relates to a few components which manifest to be a great secret because they are
infrequently spoken of, and even less people understand the ramifications of these
considerations. The secret behind credit card debt, and why you just like lots of
people are in the mire of credit card debt, is a result of the ensuing list of
elements:

• The “buy today and pay back tomorrow” lifestyle.
• The “do not accept any responsibility attitude”.
• Double digit interest rates on credit cards.
• Extremely low minimum repayments.




  The Secret Behind Credit Card Debt – Copyright 2012 – http://www.CreditCardDebtSecrets.org
Simply put, the secret behind your credit card debt lies in today’s societal
emphasis on the “buy today and pay back tomorrow” style of living.

Within our present World culture, we are constantly persuaded into making
purchases and financial decisions focused upon keeping up with the Jones’s, in
preference to living within our financial means. Additionally, it is compounded by
the “do not accept any responsibility attitude”, which is the outlook at which
point we put blame our problems on everyone else!

 It is this attitude, which is so dominant today, and which makes us feel like a
victim!

Characteristically, when we buy into this behaviour we remove our own power,
and when applied to credit card debt, it is this type of thinking which has us
signing up for a new credit card or credit card consolidation loan, instead of
making improvements in our lifestyle instead.

            Best Methods to Lessen Credit Card Debt by
             Paying Well Over the Minimum Payments
In the event, that you have been contemplating how you can decrease credit card
debt, and then you will find that there is a great deal of choices available for you.
Some of the most notably accepted directions to reduce credit card debt is
budgeting.

One of the single best performing budgeting methods comprises paying out a
higher rate than the monthly payments on your credit cards, each month. If by
chance you have been considering the best methods to diminish credit card debt
by budgeting, then do bear in mind this exceptionally valuable debt cutting
method.

As soon as both of these two mind sets (the “buy today and pay back tomorrow”
lifestyle and “do not accept any responsibility attitude”) are combined with our
little plastic friends, with their double-digit interest rates and their low monthly
repayments, it places us decisively into the credit card debt roller coaster!

Due to the fact that the minimum monthly repayment is constructed to keep us in
debt, it can take anywhere from 7 to 20 years (depending upon the credit card) to
pay off a credit card, on the minimum payments! And for all this, while the
interest is accumulating, most credit card holders simply keep on opting to buy
new things on their credit cards!

      That is the secret behind credit card debt, and that is why, regardless of
      how actively you try, you just really cannot get away from your credit card
      debt. The system is not in your favour as it is designed to keep you in a victimized
      buyer role, by which you just stay tagging along, making minimum repayments
      and praying that matters improve by some means.


  The Secret Behind Credit Card Debt – Copyright 2012 – http://www.CreditCardDebtSecrets.org
Inevitably the roller coaster has to stop dead, all because in the long run when
factors really get out of hand you, similarly like a good many other people, you
come to a stage in which it is no longer possible for you to make good on the
monthly repayments, and instead you find yourself defaulting on them!

                              This Isn't The End!
Fortunately, this may not be the end. As a matter of fact it might even be a new
beginning.

If you've now found yourself sunk deep in credit card debt, then don't ever lose
faith! What has been maintaining you in credit card debt is not actually mystical or
magical, and similarly to most situations in life, there are explanations at hand.

What has definitely made you a prisoner of credit card debt is the big secret, a
system of debt mixed with poor financial attitudes which maintains your
indebtedness! However, as noted before, the debt is a side effect of the society in
which we live, and even though it is unbearable to find yourself in credit card
debt, it is possible for you to beat it and to stay clear of it forever.

Should you notice yourself in falling into credit card debt, then the initial step
means becoming aware of your situation and taking positive action that helps you
to get out of credit card debt.




  The Secret Behind Credit Card Debt – Copyright 2012 – http://www.CreditCardDebtSecrets.org

Contenu connexe

Dernier

AUDITING FRAUDS OF AN ENGLISH COMPANY.PPTX
AUDITING FRAUDS OF AN ENGLISH COMPANY.PPTXAUDITING FRAUDS OF AN ENGLISH COMPANY.PPTX
AUDITING FRAUDS OF AN ENGLISH COMPANY.PPTXkamikazekujoh
 
renaltumors upasana sahu Group 50.pptxism
renaltumors upasana sahu Group 50.pptxismrenaltumors upasana sahu Group 50.pptxism
renaltumors upasana sahu Group 50.pptxismthxz2fdqxw
 
Swift_Maintaining Critical Standards(...).pptx.pdf
Swift_Maintaining Critical Standards(...).pptx.pdfSwift_Maintaining Critical Standards(...).pptx.pdf
Swift_Maintaining Critical Standards(...).pptx.pdfNeo4j
 
Challenging Factors of Rural Women Entrepreneurs in West Bengal
Challenging Factors of Rural Women Entrepreneurs in West  BengalChallenging Factors of Rural Women Entrepreneurs in West  Bengal
Challenging Factors of Rural Women Entrepreneurs in West BengalNabarun Chakraborty
 
2024.03 Strategic Resources_Pub (1). pdf
2024.03 Strategic Resources_Pub (1). pdf2024.03 Strategic Resources_Pub (1). pdf
2024.03 Strategic Resources_Pub (1). pdfAdnet Communications
 
Planning of societal re/production in a commonist society
Planning of societal re/production in a commonist societyPlanning of societal re/production in a commonist society
Planning of societal re/production in a commonist societyStefanMz
 
Buy-Side Leaps Into Gen AI Era by Jasper Colin
Buy-Side Leaps Into Gen AI Era by Jasper ColinBuy-Side Leaps Into Gen AI Era by Jasper Colin
Buy-Side Leaps Into Gen AI Era by Jasper ColinJasper Colin
 
Economic Risk Factor Update: March 2024 [SlideShare]
Economic Risk Factor Update: March 2024 [SlideShare]Economic Risk Factor Update: March 2024 [SlideShare]
Economic Risk Factor Update: March 2024 [SlideShare]Commonwealth
 
Stock Market Brief Deck FOR 3142024..pdf
Stock Market Brief Deck FOR 3142024..pdfStock Market Brief Deck FOR 3142024..pdf
Stock Market Brief Deck FOR 3142024..pdfMichael Silva
 
14.11.2024 AMOO-MOCA African Creative Economy Summit London summary.pdf
14.11.2024 AMOO-MOCA African Creative Economy Summit London summary.pdf14.11.2024 AMOO-MOCA African Creative Economy Summit London summary.pdf
14.11.2024 AMOO-MOCA African Creative Economy Summit London summary.pdfjamie766122
 
powerpoint presentation about asian regioonalism
powerpoint presentation about asian regioonalismpowerpoint presentation about asian regioonalism
powerpoint presentation about asian regioonalismrezeraaisla
 
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...indexPub
 
Mytilineos (OW, TP_ €46.0_sh)_ Strong organic progress 14-03-2024.pdf
Mytilineos (OW, TP_ €46.0_sh)_ Strong organic progress 14-03-2024.pdfMytilineos (OW, TP_ €46.0_sh)_ Strong organic progress 14-03-2024.pdf
Mytilineos (OW, TP_ €46.0_sh)_ Strong organic progress 14-03-2024.pdfNewsroom8
 
2024.03 Strategic Resources_Pub presentation
2024.03 Strategic Resources_Pub presentation2024.03 Strategic Resources_Pub presentation
2024.03 Strategic Resources_Pub presentationAdnet Communications
 
Islamic banking in Afghanistan from start until now
Islamic banking in Afghanistan from start until nowIslamic banking in Afghanistan from start until now
Islamic banking in Afghanistan from start until nowhamidzafar6
 
The Role of Non-Banking Financial Companies (NBFCs).pdf
The Role of Non-Banking Financial Companies (NBFCs).pdfThe Role of Non-Banking Financial Companies (NBFCs).pdf
The Role of Non-Banking Financial Companies (NBFCs).pdfChampak Jhagmag
 
BIHC Briefing Greece March 2024, with Crédit Agricole CIB
BIHC Briefing Greece March 2024, with Crédit Agricole CIBBIHC Briefing Greece March 2024, with Crédit Agricole CIB
BIHC Briefing Greece March 2024, with Crédit Agricole CIBNeil Day
 
First, Second, and Third Generation Islamic Economicss
First, Second, and Third Generation Islamic EconomicssFirst, Second, and Third Generation Islamic Economicss
First, Second, and Third Generation Islamic EconomicssAsad Zaman
 
Stock Market Brief Deck FOR 31124 yt.pdf
Stock Market Brief Deck FOR 31124 yt.pdfStock Market Brief Deck FOR 31124 yt.pdf
Stock Market Brief Deck FOR 31124 yt.pdfMichael Silva
 

Dernier (20)

AUDITING FRAUDS OF AN ENGLISH COMPANY.PPTX
AUDITING FRAUDS OF AN ENGLISH COMPANY.PPTXAUDITING FRAUDS OF AN ENGLISH COMPANY.PPTX
AUDITING FRAUDS OF AN ENGLISH COMPANY.PPTX
 
renaltumors upasana sahu Group 50.pptxism
renaltumors upasana sahu Group 50.pptxismrenaltumors upasana sahu Group 50.pptxism
renaltumors upasana sahu Group 50.pptxism
 
Swift_Maintaining Critical Standards(...).pptx.pdf
Swift_Maintaining Critical Standards(...).pptx.pdfSwift_Maintaining Critical Standards(...).pptx.pdf
Swift_Maintaining Critical Standards(...).pptx.pdf
 
Challenging Factors of Rural Women Entrepreneurs in West Bengal
Challenging Factors of Rural Women Entrepreneurs in West  BengalChallenging Factors of Rural Women Entrepreneurs in West  Bengal
Challenging Factors of Rural Women Entrepreneurs in West Bengal
 
2024.03 Strategic Resources_Pub (1). pdf
2024.03 Strategic Resources_Pub (1). pdf2024.03 Strategic Resources_Pub (1). pdf
2024.03 Strategic Resources_Pub (1). pdf
 
Planning of societal re/production in a commonist society
Planning of societal re/production in a commonist societyPlanning of societal re/production in a commonist society
Planning of societal re/production in a commonist society
 
Buy-Side Leaps Into Gen AI Era by Jasper Colin
Buy-Side Leaps Into Gen AI Era by Jasper ColinBuy-Side Leaps Into Gen AI Era by Jasper Colin
Buy-Side Leaps Into Gen AI Era by Jasper Colin
 
Economic Risk Factor Update: March 2024 [SlideShare]
Economic Risk Factor Update: March 2024 [SlideShare]Economic Risk Factor Update: March 2024 [SlideShare]
Economic Risk Factor Update: March 2024 [SlideShare]
 
Stock Market Brief Deck FOR 3142024..pdf
Stock Market Brief Deck FOR 3142024..pdfStock Market Brief Deck FOR 3142024..pdf
Stock Market Brief Deck FOR 3142024..pdf
 
14.11.2024 AMOO-MOCA African Creative Economy Summit London summary.pdf
14.11.2024 AMOO-MOCA African Creative Economy Summit London summary.pdf14.11.2024 AMOO-MOCA African Creative Economy Summit London summary.pdf
14.11.2024 AMOO-MOCA African Creative Economy Summit London summary.pdf
 
powerpoint presentation about asian regioonalism
powerpoint presentation about asian regioonalismpowerpoint presentation about asian regioonalism
powerpoint presentation about asian regioonalism
 
Closing Remarks International Women's Day 2024
Closing Remarks International Women's Day 2024Closing Remarks International Women's Day 2024
Closing Remarks International Women's Day 2024
 
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
 
Mytilineos (OW, TP_ €46.0_sh)_ Strong organic progress 14-03-2024.pdf
Mytilineos (OW, TP_ €46.0_sh)_ Strong organic progress 14-03-2024.pdfMytilineos (OW, TP_ €46.0_sh)_ Strong organic progress 14-03-2024.pdf
Mytilineos (OW, TP_ €46.0_sh)_ Strong organic progress 14-03-2024.pdf
 
2024.03 Strategic Resources_Pub presentation
2024.03 Strategic Resources_Pub presentation2024.03 Strategic Resources_Pub presentation
2024.03 Strategic Resources_Pub presentation
 
Islamic banking in Afghanistan from start until now
Islamic banking in Afghanistan from start until nowIslamic banking in Afghanistan from start until now
Islamic banking in Afghanistan from start until now
 
The Role of Non-Banking Financial Companies (NBFCs).pdf
The Role of Non-Banking Financial Companies (NBFCs).pdfThe Role of Non-Banking Financial Companies (NBFCs).pdf
The Role of Non-Banking Financial Companies (NBFCs).pdf
 
BIHC Briefing Greece March 2024, with Crédit Agricole CIB
BIHC Briefing Greece March 2024, with Crédit Agricole CIBBIHC Briefing Greece March 2024, with Crédit Agricole CIB
BIHC Briefing Greece March 2024, with Crédit Agricole CIB
 
First, Second, and Third Generation Islamic Economicss
First, Second, and Third Generation Islamic EconomicssFirst, Second, and Third Generation Islamic Economicss
First, Second, and Third Generation Islamic Economicss
 
Stock Market Brief Deck FOR 31124 yt.pdf
Stock Market Brief Deck FOR 31124 yt.pdfStock Market Brief Deck FOR 31124 yt.pdf
Stock Market Brief Deck FOR 31124 yt.pdf
 

En vedette

PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Applitools
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at WorkGetSmarter
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...DevGAMM Conference
 

En vedette (20)

Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
 

The secret-behind-credit-card-debt

  • 1. By Dermot Farrell Copyright © 2012 http://www.CreditCardDebtSecrets.org The Secret Behind Credit Card Debt – Copyright 2012 – http://www.CreditCardDebtSecrets.org
  • 2. The processes which combine, to create credit card debt come from a number of alternative sources, which appear innocent enough when explored on their own. But keep in mind, when amalgamated they end up in a tangled web, which conspires to entrap the debtor into a veritable sea of debt. In a situation where you are interested in learning the secret behind credit card debt, and figuring out how to escape from this debt, then continue on to learn how to break through the secret behind credit card debt! Credit card debt has a habit of sneaking up on you. At the outset you may pay little attention to the fact that things are starting to get out of control, however, keep in mind as time passes more of your expendable income is ending up paying for your little plastic friends. Then some fine day, you make up your mind to take an in-depth look at your credit card bills, and to your astonishment and horror, you realize that your credit card debt is spiralling out of control. For a little while you happen to stabilize the situation by getting yourself another low interest credit card, most likely one which has a zero percent transfer fee, for the first six months. However, keep in mind, that all too soon this original rate will run out and so too this card will end up on the big interest rate, and so the debt begins to increase again. However, this time it is higher than before due to the fact that you have been relying on your cards to make more purchases during this time span. Around now you may even have contemplated taking out a credit card debt consolidation loan. Conceivably you have even investigated taking out such a loan, and find yourself back right back where you started after a year or so after taking out the loan. Now if this description appears familiar to you, if you have a few credit cards and basically just don’t seem to have what it takes to free yourself of them, then you are not on your own! The Secret Behind Credit Card Debt The argument why you, just like so many people, are mired in credit card debt relates to a few components which manifest to be a great secret because they are infrequently spoken of, and even less people understand the ramifications of these considerations. The secret behind credit card debt, and why you just like lots of people are in the mire of credit card debt, is a result of the ensuing list of elements: • The “buy today and pay back tomorrow” lifestyle. • The “do not accept any responsibility attitude”. • Double digit interest rates on credit cards. • Extremely low minimum repayments. The Secret Behind Credit Card Debt – Copyright 2012 – http://www.CreditCardDebtSecrets.org
  • 3. Simply put, the secret behind your credit card debt lies in today’s societal emphasis on the “buy today and pay back tomorrow” style of living. Within our present World culture, we are constantly persuaded into making purchases and financial decisions focused upon keeping up with the Jones’s, in preference to living within our financial means. Additionally, it is compounded by the “do not accept any responsibility attitude”, which is the outlook at which point we put blame our problems on everyone else! It is this attitude, which is so dominant today, and which makes us feel like a victim! Characteristically, when we buy into this behaviour we remove our own power, and when applied to credit card debt, it is this type of thinking which has us signing up for a new credit card or credit card consolidation loan, instead of making improvements in our lifestyle instead. Best Methods to Lessen Credit Card Debt by Paying Well Over the Minimum Payments In the event, that you have been contemplating how you can decrease credit card debt, and then you will find that there is a great deal of choices available for you. Some of the most notably accepted directions to reduce credit card debt is budgeting. One of the single best performing budgeting methods comprises paying out a higher rate than the monthly payments on your credit cards, each month. If by chance you have been considering the best methods to diminish credit card debt by budgeting, then do bear in mind this exceptionally valuable debt cutting method. As soon as both of these two mind sets (the “buy today and pay back tomorrow” lifestyle and “do not accept any responsibility attitude”) are combined with our little plastic friends, with their double-digit interest rates and their low monthly repayments, it places us decisively into the credit card debt roller coaster! Due to the fact that the minimum monthly repayment is constructed to keep us in debt, it can take anywhere from 7 to 20 years (depending upon the credit card) to pay off a credit card, on the minimum payments! And for all this, while the interest is accumulating, most credit card holders simply keep on opting to buy new things on their credit cards! That is the secret behind credit card debt, and that is why, regardless of how actively you try, you just really cannot get away from your credit card debt. The system is not in your favour as it is designed to keep you in a victimized buyer role, by which you just stay tagging along, making minimum repayments and praying that matters improve by some means. The Secret Behind Credit Card Debt – Copyright 2012 – http://www.CreditCardDebtSecrets.org
  • 4. Inevitably the roller coaster has to stop dead, all because in the long run when factors really get out of hand you, similarly like a good many other people, you come to a stage in which it is no longer possible for you to make good on the monthly repayments, and instead you find yourself defaulting on them! This Isn't The End! Fortunately, this may not be the end. As a matter of fact it might even be a new beginning. If you've now found yourself sunk deep in credit card debt, then don't ever lose faith! What has been maintaining you in credit card debt is not actually mystical or magical, and similarly to most situations in life, there are explanations at hand. What has definitely made you a prisoner of credit card debt is the big secret, a system of debt mixed with poor financial attitudes which maintains your indebtedness! However, as noted before, the debt is a side effect of the society in which we live, and even though it is unbearable to find yourself in credit card debt, it is possible for you to beat it and to stay clear of it forever. Should you notice yourself in falling into credit card debt, then the initial step means becoming aware of your situation and taking positive action that helps you to get out of credit card debt. The Secret Behind Credit Card Debt – Copyright 2012 – http://www.CreditCardDebtSecrets.org