People, people, people. You might as well accept the fact that you really want to avoid credit cards. Don't think that bankruptcy will help you, either.
It's not as easy to get a Chapter 7 bankruptcy anymore due to recent legislation that was bought and paid for by the banking industry. In most cases you'll have to pay back some part of your debt under a Chapter 13 bankruptcy repayment plan. The banks weren't happy with just forcing almost everyone into a Chapter 13 bankruptcy in which they have to repay all of their debts through a payment plan and are now going after people who already filed Chapter 7 bankruptcy and trying to collect on debts which have been legally bankrupted away.
That's from American Consumer News. Consider reading the whole article.I'm going to tell you a story about credit cards that you might not believe and might find difficult to conceive. Did you know that there was a time in the last fifty years that credit cards didn't exist? No, really, it's true! There was NO such thing as credit cards! Wow!
Strangely enough, people still were able to buy things with money. Oddly, when people couldn't afford things they didn't buy them. Shocking.
As it turns out, a fine way to spend yourself into bankruptcy is to buy things that you can't afford, which is exactly what credit cards allow you to do. If you can avoid the trap that credit provides, then your chances of overspending decrease significantly.
The message seems pretty clear, doesn't it?
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