Statistics say people are way over their heads in credit card debt; please?

tell me what specific items you have charged on your credit card that put you in over your head, and at what point you realized you were taking from peter to pay paul, and how you solved that situation, if you did (yet).

Statistics say people are way over their heads in credit card debt; please?

It%26#039;s the small things that really get you after a while. Like most people, I have a modest income. I would be short on cash after paying the essential bills such as house payment, car payment utilities, etc. Then something unexpected comes up, like a hugely expensive car repair or something in the house breaks down, so I would use the card for that. All the bills are paid, but my family hasn%26#039;t been fed yet, so I would go to the grocery store and get what we needed. Have to have gas in the car, so there goes another $40. Then I would get paid, only to find I had another big bill due that would wipe out most of my check. So there I am, broke again, and only the credit card to live on until next payday. Repeat this process monthly for a couple of years and you find yourself deep in hole that you can%26#039;t get out of. I%26#039;m not sure what%26#039;s going to happen next, but I have come to realize that you don%26#039;t have to be a bad person or live an extravagant lifestyle to have bad credit. I%26#039;m beginning to work things out, one by one, with each of my creditors. It will be a slow process, but I eventually plan to settle with my creditors without declaring bankruptcy. If I ever get these paid off, I%26#039;m not getting any more credit cards. The mess I am in now is exactly what they are designed to do.

Statistics say people are way over their heads in credit card debt; please?

When I first got my credit card I was freshly 18. I signed up with the intention to build my [good] credit and strictly for emergencies. I was very good for a while and used it only when necessary and immediately paid it off.

Then I moved out on my own and had necessities, such as a bed, security deposit, Happy Hour, etc. I found myself %26quot;over my head%26quot; in debt at 21 years old. It took me a little over 2 years to pay it off myself.

Currently, I am credit card debt-free and have been for three years. I only learn my lessons once.

Statistics say people are way over their heads in credit card debt; please?

well, you got me there, I dont have the magic key to that.

For me it got out of hand on medical issues for me and mhy mother, I thought I could handle it, by the time I looked back I already owed a pretty bundle and sincde your working it doesnt dawn on you that could be trouble. Other things like gas and that leaves you more money to spend, so for two years now I havent used my cards for anything, nothing, just pay,pay,pay, it gets frustrating sometimes but I think maybe in 2 years ill see the light at the end of the tunnel, the word is discipline, and we also have to teach those standards to our kids so they dont make the same mistakes.