Myths Versus Facts: Credit Card Usage and Debt
February 9, 2010
The recent passage of the Credit Card Accountability Responsibility and Disclosure Act of 2009 has prompted much discussion about credit card usage and debt. Given the global financial meltdown, it’s understandable that many are concerned about their own credit card debt and the practices of creditors in general. Unfortunately, these widespread discussions have given rise to numerous myths, half-truths and falsehoods about credit card usage and debt. Whether you are struggling with debt of your own or just striving to intelligently discuss the subject, it pays to debunk these myths and comprehend the relevant facts. Below are 12 long-standing credit and debt myths and the truths they obscure.
Recent Comments
@scooterbaga: So they take tap water, run it through filter… your point...
wow thats why i love the dollar tree, 30 bucks for a new usb printer cable? hell i can...
I’m an optician (I make glasses), and I can attest to what Marc said. It costs us...
The two party system. You get screwed no matter who you vote for.
great tips!! we’ll need to use as many as we can to get out of the hole the...