Credit Card

A credit card is as close to a weapon of cash destruction as you want to get. Commonly abused, high interest rates, multiple cards allowed - the credit card industry is destroying cash surpluses from day one.

Credit Card - Like Napalm, Only Worse

Ahhh, your first credit card...KABOOOM! A heinous weapon of cash destruction. From the brattiest high school debutant to the incapacitated vegetable at the nursing home, everyone these days has a credit card yet no one seems to know how to use it. What is credit? Where does it come from and why is it so difficult to get rid of? Credit card debt land?

Your credit card - retroviral destruction

In the beginning of your journeys with that wee plastic rectangle, you probably experienced quite thee euphoric rush. Joy! Without working, without dipping into your checking account or asking your parents for cash you can buy shoes, shirts as services and forget about them until the end of the month. That single word forget, however, is by far the most dangerous in credit card speak and is the only reason why cards remain to this day Weapons of Cash Destruction:

when you make a purchase with cash the cash is gone - you can't spend what you don't have.
With credit you have as much money as a company is willing to give. Your credit card limit is not based on your abilities but your historic tendencies to make repayments - and they will keep on increasing your limit so long as you keep footing the bills.
But there will come a time - there always does - when you reach that limit and cannot afford to pay it off. Interest piles on, you are responsible for more credit debt yet you have to rely on credit for survival - its time you consolidate credit card debt.

This all begins by forgetting that our credit is only as good as our abilities. We have to be our own credit cardcompany, our own regulation and our personal naysayer. " You cannot afford those leather boots and besides you have six pairs anyway."

When the card starts killing

The moment you loose control of your cards don't panic, just try to fix the problem. Repay the debt as fast as you can without relying on other cards in the meantime. If that fails, check out your online options for credit counseling and get some serious therapy from serious professionals. Its worth it, the money you spend on counseling will come back to you ten fold from saved interest payments and fees and years of torment and constant personal anguish at the gruesome talons of your many credit cards. Annihilate credit card debts.