Excessive credit card debt
 
Excessive credit card debt
Excessive credit card debt

Most people advocate the case of credit cards, quoting the benefits and convenience that arises from them. However, there is another group/line-of-thought that strongly opposes credit cards. The reason being 'Excessive Credit Card Debt', which is one of the most serious problems faced by the credit card holders and credit card industry. However, you can't pull the shutters on the credit card industry just because of a few irresponsible people (or even if it's more than few). That is not a solution for beating excessive credit card debt. Moreover, you can't overlook the benefits associated with the credit cards.

The issue of excessive credit card debt can be looked at from 2 angles. First is addressing of the excessive credit card debt problem at the industry level and second is the addressing of the excessive credit card debt problem at the individual's level i.e. at the credit card holder level. The first method involves increasing awareness of the excessive credit card debt problem to the masses. This is more or less being done currently too. However, there should also be an effort to tackle this problem of excessive credit card debt at an even deeper level. This means trying to devise a mechanism to nip the problem (of excessive credit card debt) in the bud. This mechanism should actually be a part of the overall system. A lot of thought needs to go into devising such a mechanism. Case studies should be taken up, statistics gathered and a proper forum formed (with representatives from the credit card holders and from the credit card suppliers). As of now, the credit card suppliers just seem to be engaged in coming out with new products and getting customers enrolled to those products. There is little attention paid towards addressing the problem of excessive credit card debt in the real sense. Something like attending mandatory seminars on the root causes of excessive credit card debt could be made part of the credit card application process. Another way of dealing with the problem of excessive credit card debt could be: developing a system for calculation of applicable credit card limit at the individual level i.e. no standard/product-based credit limits. Then there could be mechanisms for proactively warning the users about excessive credit card debt (based on their credit card usage) or even imposition of early restrictions on noticing the first signs that lead to excessive credit card debt At the individual's level, the treatment of the problem of excessive credit card debt would include following of best practices (on credit card usage and avoidance of excessive credit card debt) by the individuals themselves. A checklist or a set of questions could be provided to individuals for recognising the first signs of excessive credit card debt.

So, the problem of excessive credit card debt can surely be dealt with by putting together some serious thinking at a broader level together with discipline at the individual's level.

Search
Recommended Resources
Credit card debt A problem called 'Credit Card Debt ' Credit cards are no more a luxury, they are almost ...
read more

Pay off credit card debt After you pay off credit card debt Credit card debt is a very big problem ...
read more

Agency card credit debt settlement Should I use an agency for credit card debt settlement? Some people like to deal ...
read more

Bad debt credit card 'Bad debt credit card'- what's that? Bad debt credit card is basically a credit card that ...
read more

Credit card debt help Before you go for credit card debt help Generally you will find that there is more ...
read more

Card com credit debt en language site So tired that I typed 'card com credit debt en language site' Credit ...
read more

College student credit card debt Credit card debt doesn't shy away from anyone who doesn't want to shy away from ...
read more

Consolidate credit card debt Consolidate credit card debt We know that it's good to consolidate credit card debt (at least ...
read more

Credit card debt consolidation loan Credit card debt consolidation loan Credit card debt consolidation is regarded as the first step ...
read more

Credit card debt consolidation What is 'Credit card debt consolidation'? 'Credit card debt consolidation' is a phrase that you must ...
read more

Credit card debt counseling Is 'credit card debt counseling' really beneficial? Not everyone believes that credit card debt counseling is ...
read more

Credit card debt management Credit card debt management Though a lot of people are comfortable with going forward with credit ...
read more

Credit card debt negotiation Credit card debt negotiation Credit card debt is really a menace and a lot of people ...
read more

Credit card debt reduction Credit card debt reduction Getting into debt is easy but getting out of it really a ...
read more

Credit card debt relief Credit card debt relief Credit card debt relief is what every debt-struck credit card holder is ...
read more

Credit card debt settlement Credit card debt settlement 'Credit card debt' is the worst of all nightmares. A successful credit ...
read more

Eliminate credit card debt It is easy to eliminate credit card debt Well, anyone who makes this comment is sure ...
read more

Excessive credit card debt Excessive credit card debt Most people advocate the case of credit cards, quoting the benefits and ...
read more

Get out of credit card debt Can I get out of credit card debt? Yes, you can get out of ...
read more

Consolidating credit card debt Is consolidating credit card debt a good option? Well, the answer will more often be yes ...
read more

9 steps to tackle credit card debt problem Looking for a solution to your Credit card debt problem? First of ...
read more

Reduce credit card debt Reduce credit card debt "Reduce credit card debt and eliminate it before it assumes a horrifying ...
read more

Credit card debt elimination Taking a step towards credit card debt elimination So you have decided to go for credit ...
read more

Teen credit card debt statistics What do the teen credit card debt statistics tell? Well, you don't really need to ...
read more

Credit card debt consolodation The benefits from Credit card debt consolodation 'Credit card debt consolodation' seems to be the most ...
read more

Main Menu
Home
Sitemap


website monitoring
Articles
Credit card debt

Pay off credit card debt

Agency card credit debt settlement

Bad debt credit card

Credit card debt help

Card com credit debt en language site

College student credit card debt

Consolidate credit card debt

Credit card debt consolidation loan

Credit card debt consolidation

Credit card debt counseling

Credit card debt management

Credit card debt negotiation

Credit card debt reduction

Credit card debt relief

Credit card debt settlement

Eliminate credit card debt

Excessive credit card debt

Get out of credit card debt

Consolidating credit card debt

9 steps to tackle credit card debt problem

Reduce credit card debt

Credit card debt elimination

Teen credit card debt statistics

Credit card debt consolodation

 

Disclaimer: The Publisher has strived to be as accurate and complete as possible in the creation of this website, notwithstanding the fact that he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet.

This site is a common sense guide to Excessive credit card debt. In practical advice websites, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly.

This site is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in legal, business, accounting, and finance field.

Any perceived slights of specific people or organizations are unintentional.

Home| Sitemap|Budget Hosting

7.my © All Rights Reserved.