“If your paycheck is going toward paying all these credit card companies off, you can’t get very far,” added Chaffee, who has a Web site called enemyofdebt.com. “You certainly can’t use your income as a wealth-building tool — which is what it becomes when you don’t have all these debt payments. I feel very strongly about that.” credit has helped take down the American economy. I don’t believe anyone even had a credit card until the 60′s. Now you are considered dysfunctional if you don’t have a credit card. I use one for business only. The clients are literally killing themselves over massive obligations to these banks. Our whole paradigm needs to shift if we are going to get out of this economic mess. I don’t expect it to happen anytime soon. The corporations hold too much sway and have too much invested to give up the system voluntarily. Credit cards banks are evil, it’s just that simple. Having a credit card is a bad idea. They bring down your credit rating; they do not give you more “points.” Debit cards work fine, if you absolutely have to have some plastic in your pocket.
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