Don’t Stress Over Credit Card Debt

credit-card-debt

credit-card-debtSo, you are deep in debt and can’t pay your credit card bills. Creditors are calling you many times a day and your mail box is full of collection letters all the time. You feel like climbing under a rock or jumping off a cliff.

Now, I am telling you that your current bleak looking situation may not be a bad thing after all. I bet you are looking a little puzzled right now. Before I go on, this article is meant for inspirational purposes only and is not giving you any legal or financial advice. You need to consult an attorney or financial planner if that is what you are looking for.

With that disclaimer out of the way, let’s move on and talk about why being deep in debt may be a good thing for you. You are going to have to face the truth and understand that your credit is already ruined for several years or longer. No hiding from that fact.

The first step is that you are going to have to go back to paying cash for everything you want or need. Going back to cash is actually a good thing. You will no longer be a slave to or owned by big corporations, companies and some individuals that want to keep you their slave by keeping you deep in debt and paying high interest rates and penalties.

Just imagine buying a TV for $500 and it actually costing you $500, instead of $1200 or more once you add in the years of high interest rates. Sure, you had to save the money up, but look what you saved. How would you like to go back to when all you paid out of your pay check was your rent, utilities, and automotive expenses. Looks a lot better now doesn’t it?

So, did you really need all that credit to start with? Use getting in debt as a learning experience. Now you have been on both sides of the fence. Which side feels more like freedom? The not using credit cards side of course.

You may want to consider talking to a bankruptcy attorney about the possibility of filing for bankruptcy. This should end the collection agencies stalking and harassing you all the time. Even though you can’t pay your credit card bills, you could possibly still start saving money by going back to using cash. Let the banks start paying you interest on your money, not the other way around.

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