Credit Card Debt

           Many more people have been using their credit cards racking up more debt than the previous year by not paying off their bills on time. The average debt is about 4.9% higher than it was last year at 4,996 dollars. the number of people using their credit cards has gone up over last year and their payments have fallen by the wayside and bills have gone unpaid.

           In my own opinion, I think that credit cards can be great if properly used and maintained but if they are not paid off then eventually you will get into trouble with debt and eventually lose everything you have. The best ways to use a credit card are in emergencies, large buys, and only buing item that you know you can pay off.

http://www.usatoday.com/story/money/business/2012/11/19/credit-card-debt-up-3q/1714029/