Monday, 21st May 2012

Stupid Credit Card Tricks

Posted by admin in Credit

Stupid Credit Card Tricks

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There has been an ongoing skit on the David Letterman Show called “Stupid Pet Tricks”.

It was an aptly named bit because the things people teach their pets to do are truly silly.  Letterman did so well with that skit, he followed it up with another series called “Stupid People Tricks.”

Hector Milla Editor of the “Credit Card Debt Free” website — http://www.CreditCardDebtFree.org — pointed out;

 

“…Well, when it comes to the dozens of credit card offers that you get in your mailbox every week, you might think that some of these credit card companies would like to be on the next series called “Stupid Credit Card Tricks”…”

These promotions that you get for credit cards seem to be playing on just about every tactic they can find to get you to take out yet one more credit card.  You would think that the fact that credit card debt is a virtual epidemic in this country would let the credit card companies know that its time to get on the side of the consumer to learn responsible use of credit.  Instead they do all they can to get you to have more, not less, credit cards and use them as much as you can.

We need to be smart consumers because as much as credit card companies try to make credit cards seem fun and happy and like big toys in your wallet, they are not toys.  We should never forget that a credit card is nothing more than a way for the credit company to extend to you dozens of small unsecured loans that they will create credit payments on the fly to enforce through your credit card bill that will include high interest rates and additional fees as they see fit.

“…This is not to say that having a credit card is not a good thing.  Good credit is one of the real assets any responsible adult will use to help make life easier and to make the necessary purchases in life.  And more and more credit is becoming the currency of choice replacing cash and checks as the preferred method for paying for gas, at restaurants and any more even at retail outlets and grocery stores…” added H. Milla.

Further information about trusted and reputable companies for credit card debt settlement by visiting; http://www.CreditCardDebtFree.org

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