Credit debt is fast becoming a big problem, although due to the economic rise of unemployment and the banks paying themselves fat increases, so us the consumers have to pay the price and when we need credit it's becoming quite hard to get any, but that could be a good thing, because if you don't get any credit, you don't have to pay these banks a single penny and that to me sounds like a revolution.

Credit debt is a dirty 2 word phrase now a days as to get credit you have to have had credit in the first place, but if you can't get credit then how can you prove that you can pay it without getting it? (have I confused the issue?) I remember when I first got a job and I applied for credit and I was easily accepted and that was for a cooker that I needed, but today people I know are finding it harder to get anything on credit when they need something.

But again this is a blessing really as getting into debt is a bad option at any stage of your life, because jobs aren't secure anymore and they never were, and so you can't rely on a weekly or monthly wage to re-pay your credit debt, so the best thing is not to get any in the first place, simple really, well for me that is, other people however just get sucked in by credit cards and other credit deals and I was one when I was young and I got into debt because of it. Sure it made me learn a big lesson in how to handle my personal finances and how to save money here and there, but the most important thing I learned was that money lending is not the best option.

Getting out of your credit debt is simple and that is just pay off what you owe quick and early if you can, because the creditors and places you get the credit from earn profit out of the interest they charge as well as for the price of the product you may purchase, so in effect they are ripping you off legally and that to me is just not on, so what if all of us just suddenly started to walk into these places with huge piggy bank jars filled with pennies and whatever change we had to pay for the items we wanted instead, what then?

I often think of all the money wasted in the world due to interest charges and spending too much, just think what that extra money could do for you or someone else you know.

Credit debt is just a no win economy and it can grind you down if you get behind a few payments, although there is usually help out there to get you back on track, it is the best thing to do to just not get any credit whatsoever...full stop