What Would The World Be Like Without Credit Cards

I can't help but wonder sometimes what the world would be like without credit cards

? Would we be where we are economically? Credit cards are the primary blame for the current economy, because the world of easy credit definitely played a big part in where we are today. Do we really need credit cards? They didn't exist 50 years ago and people did not seem to be any worse off for not having them. Maybe we would not have some of the things we have now, but we would not have the consumer debt that we have now either.

Many people have dug themselves a hole financially and are left trying to figure out how to get out of it. The good news is you can dig your way out. The bad news is this is something that cannot be delayed. Putting off making decisions about managing debt just makes the situation worse. It leaves you with more debt and fewer options for resolving it. It is time to take inventory of your finances and see where you stand. You cannot eliminate what you do not know exists.

Getting out of debt on your own is what is recommended, but many people are overwhelmed to the point where they cannot find the mindset to be successful with that option. But there are debt management alternatives that offer the structure and the help that it takes to get you back on track and moving towards debt freedom. If you don't know where to begin, a consumer credit counseling company can provide guidance. If you are not able to utilize their standard debt management plan, you can offer suggestions and recommendations.

About 90% of all individuals with debt can be helped with a debt management plan. This plan will allow you to consolidate most of your unsecured debts into one account where only one payment is needed each month. The credit counseling company disburses your payment to your lenders. This program offers you the structure you need. In most cases, your payment will be electronically withdraw from an account each month, so all you have to do is have the money available.

Credit counseling offers reduced interest rates and eliminated fees. With this benefit, you can be debt free in 3 to 5 years with little impact to your credit. This is a program that you should check into before you opt for debt settlement or bankruptcy. It is not for everyone, but it can be a viable solution for many people.

by: Marjorie Salada

POST COMMENT

Credit Scores Decline for Millions of Americans Examine Top 0 Interest Credit Cards Tackling Credit Card Late Fees Best Ways to Eliminate Credit Card Debt - how to eliminate credit card debt quickly Will Debt Settlement Look Bad On My Credit Report? Are Bad Debt Credit Cards Good For You? We Investigate Summer Daycare May Qualify for Tax Credit Paying Couriers With Credit Cards Debt Settlement And Your Credit Score Unsecured Personal Loans For Bad Credit Explained Loans Against Bank Guarantees, Letters Of Credit, Cmo's And Medium Term Notes Credit Card Debt Consultant - How To Get Credit Card Debt Relief How Credit Affects The Mortgage Loan Process