The average American family has eight active credit cards. Not surprisingly, the same family has eight-thousand dollars of credit card debt. But are credit cards inherently evil, or are consumers simply looking for excuses? In this article we are going to try to answer that question.
We will begin with minimum payments. Yes, minimum payments are evil, or at the very least they are deception. Essentially, the minimum payment is the payment the credit card company has determined is the most likely to...