Watch Out

"The times they are a changing", at least that's how the old Bob Dylan song went. In these tough financial times, everybody is feeling the pinch. I have read that people simply aren't charging as much as they used to (whether they don't want to, or they are completely maxed out on their credit cards). This may be good news for a country who has become dependent on oil, gas, fast food, and, dare I say, credit cards. This may make your journey for credit card debt elimination a bit of a gauntlet rather than a simple side-step to another path.

Just this morning I was reading about some of the sneaky ways that credit card companies are trying to maintain their high profit at the expense of the lowly, unsuspecting consumer. It was certainly disheartening, to say the least. The credit card companies are raising minimum payments, adding new fees (which are pure profit for them), lowering credit limits (which can lower your credit score), and being less and less forgiving for late payments. All I can say is "Watch Out!!!". One must remain steadfast and relentless in their pursuit to become less dependent on the need to have something now and pay a much bigger price later.

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