Credit Card Crunch
By Diane Tait Image courtesy flickr If you’re like most Americans, after the holiday season your credit cards are practically hot to the touch. That’s because they get a real workout in November and December. Having access to credit cards is a real convenience and a real danger. That’s because they allow you to buy things with money you have yet to earn. Like any lender, credit card companies make their money by charging interest on outstanding debt. Unless you can afford to pay your cards off completely every month, you can quickly get in over your head in debt using credit cards. To help you avoid a debt bomb that can quickly spiral out of control, I thought I’d give you a few tips on how to avoid the credit card crunch.