What are the potential dangers of credit cards?

• Misuse and Overuse
  
  
  
  • Cards easy to use and wisely accepted
    
  • Each household has at least 25 credit cards and approximately $9000 in debt
    
  
  
• Consumers think credit cards as extra income and not DEBT that MUST be paid back. They purchase unwanted items with less cash.
  
• Delaying in payment will hurt your credit report and credit history, thus making future borrowing more costly as well as creating more problems (getting a job or insurance)
  
• Credit Bureaus have detailed records of every card account and other borrowing
  
• Overwhelmed with credit card debt
  
• Credit Card commit our future income
  

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