I have this friend who has 12 credit cards. I kid you not. A dirty dozen and he is practically maxed out on each of them. Don't ask what his total tab is. It rivals the national debt.
Naturally, when he asks me what to do, I can only repeat what everyone else says. "Cancel credit cards ASAP." Which as we all know, is much easier said than done. Why? Because with many department and discount stores offering a low 10 percent off to any new applicants, plus an umbrella, and with all of the credit card offers jamming into your mailbox with extremely low percentages, it's rather easy to get hooked.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access