Statistics On Credit Card Debt

Statistics On Credit Card Debt

It seems that everyone is in debts. Recent statistics show that that the average American family in Credit Card Debt carries a balance of $4000 on several Credit Cards from month to month. It is thus no surprise to be in debts especially when you are bombarded with solicitations to buy things on a daily basis.

The ease of getting credit at the moment also doesn't help much to curb your impulse buying spree. While it may look as if normal to be in debt nowadays, you might want to find out if you need help to get you out of your debt problems now before you fall deeper into the debt trap.

Ask yourself these questions to access your current financial health and see if you need debt consolidation help.

1. Are you always late in paying your monthly bills?

Everyone runs into unforeseen expenses like medical bills, and car repairs. These unforeseen expenses will throw off your monthly budget. But, if you time and again find it hard to cover your bills for most of the time, you know you have a problem.

2. Have you reached or exceeded the limit on most of your credit cards?

With the ease of getting credit cards nowadays, it is very tempting to use credit in advance and run into credit card debts.

3. Are you only paying the minimum for your credit card balances?

Credit cards are billed monthly to increase your interest amount accrued. Pay the minimum balance monthly and you will take forever to clear them.

4. Are you dipping into your past savings, or worse you have used up your savings already?

You cannot meet any unforeseen expenses anymore. You cannot afford to fall sick and your car must skip its maintenances servicing because you have not got the money.

5. Do you find yourself having the need to use A Credit line or cash advance to pay your monthly bills.

Do this on a regular basis and you are certainly going to be trap in a cycle of debts.

If you answer yes to most or all of the above questions, you are most likely in debts and living hand to mouth now. It's not the end of the world yet. It only means that you need to take action to clear your debts and debt consolidation may just be the answer.

Moses Wright is the owner of Bulletpedia. He provides more useful information on Debt Consolidation Services Secured Personal Loan and Bankruptcy Laws that you can research on his website. You are welcome to reprint this article if you keep the content and live link intact.

dawn of a violent age?

why is it that at the turn of the centary our whole life style has taken a full 180 from beeing the happiest people on earth we are now the most depressed and filled with hate and violence , why do we hate our fellow man , why is it we are fed drugs that have not been properly tested , why are we fed chemicals that mimick real food , we are being posioned constantly by our government we are being blindly robbed and manipulated , and we all follow along , no one can think for themselves were all conditionalized to look to athority for answers when really we are a democracy we make the government , WE the people rule and make the rules , latly we have been taken advantage of and sprayed constantly whitout our knowlede , they show us what they want us to be on Televsion , they lure us in with there credit card debts , we are a slave to them , yet we all bevileve everything is going fine , Look at the statistics we are only spiralling downward why cant we see whats right infront of us

On one hand, I agree with 006. But, on the other hand, I do understand what you're saying. You see, my friend, we live in a fascist state.

We live in a fascist state disguised in the costume of freedom and democracy. The master class rules over all of us. And they continue to rule because they keep us over-worked, tired, and busy fighting amongst each other so that we won't recognize the fact that they're in control.

DIVIDE THE COMMON PEOPLE = THE MASTER CLASS MAINTAINS WEALTH AND CONTROL. Division is accomplished by using racism, sexism, ageism, etc... and by "deputizing" politicians, businesses, religions, racist organizations, the media, and others to perpetuate the racism, sexism, ageism, etc... This division goes back to when those who came after the "Native Americans" first set foot on this land mass that we call America- back to when both "blacks" AND "whites" were slaves here (and successfully divided)- back to when the "Willie Lynch method" was used on "black" slaves- back to deep dark periods in our history about which very few are willing to tell the truth.

This is the reason for capitalism. Capitalism gives corporations more power than the people. It can't provide equal opportunity-- The impoverished will never have the same chances as the rich to acquire wealth. Capitalism perpetuates greed. It's the reason why there are children in third world countries working in sweatshops for .20 cents. It allows big business to thrive and succeed to the point that it dominates everything and everyone- and welcomes the rule of corporations and the wealthy [the master class].

We've been sold on the idea that the existence of the middle class is proof that we live in a land of opportunity. This is false logic. It's just there to constantly ensure that the poor remain exactly where they are- POOR. But, eventually, capitalism eliminates the middle class. It (the middle class) can't last since it's function is to maintain the wealthy. I'll illustrate--

To produce and deliver a finished product, several costs are involved: production, labor, maintenance, transportation, packaging, advertising, and so on... In a capitalist economy, all of these costs are increased due to profit motive. But consumers are the only people who actually pay these costs. For example-- If, to make a profit, a transportation company charges a manufacturer extra money then the manufacturer simply charges the packaging company more money to cover costs (and then adds even more money for a profit). This continues until the retailer raises it's prices to cover costs (which are actually the cumulative costs of the profits of all the other companies) and then adds it's own profit. This price is paid by the consumer who has no one to charge to cover his/her costs.

So this is what's happening-- The poor cannot afford to ''donate'' their money. (Some do it regardless. But, since they're so limited, it's certainly no where remotely close to being on a grand scale.).... The rich are definitely able- and they do so regularly- which is simply a matter of rich people passing their money around to each other. But the middle class is a different story. The middle class is ''funneling'' their money in two directions- one being to programs such as welfare, for the sake of maintaining poverty, and the other to the rich by embracing consumerism. With their money endlessly going in two different directions, the middle class can't last, which is precisely why the middle class is shrinking in this country.

While those in power constitute a smaller segment of our society, the master class has always held the wealth and control of all our crucial systems (law, government, manufacturing, finance, etc...) from the beginning. And they will continue to do so as long as people continue to buy into the fallacy that racism is the problem, that sexism is the problem, that homophobia is the problem, and so on. None of these things are the problem. They are merely cleverly used tools. As I said, the purpose is to divide the common people.

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The 14 points of fascism:

http://www.oldamericancentury.org/14pts.htm

"We stand for the maintenance of private property... We shall protect free enterprise as the most expedient, or rather the sole possible economic order." --Adolph Hitler

"You don't need a totalitarian dictatorship like Hitler's to get by with murder ... you can do it in a democracy as long as the Congress and the people Congress is supposed to represent don't give a damn." --William Shirer, author, 1973

"Through clever and constant application of propaganda, people can be made to see paradise as hell, and also the other way around to consider the most wretched sort of life as paradise. " --Adolph HItler

"Several of the greatest American corporate leaders were in league with Nazi corporations before and after Pearl Harbor, including I.G. Farben, the colossal Nazi industrial trust that created Auschwitz. " --Charles Higham, Trading with the Enemy, 1983

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