Why do we chose to use credit cards? Do we not realize the consequences, or is it that we just don't care?
Often, when money runs short and life takes unexpected turns, we turn to our little two by three inch piece of plastic. This small device has a large horizon of opportunity and possibilities. Ironically, this prized piece of plastic is held highly as an aid to assist with financial shortcomings, while when used far too much it is disregarded as a burden that does nothing but create a financial hardship.
So, if these consequences are presented to us prior to the use of these plastic devils, why do we persistently press on with them?
I will tell you why.
As I have witnessed friends and family members, I too have personally suffered the pressures of juggling finances with life necessities. Struggling to balance everything life throws at us is quite difficult. With the economy ever changing, abrupt pay cuts and loss of jobs cause monetary crises.
If and when these events occur, people sometimes turn to the credit card companies for help. Having a credit card gives people the opportunity to purchase items with borrowed money. When in a financial hardship, people might use credit cards to purchase the day to day basics. They might buy groceries for their family, they might put gas in the car to commute to and from functions, they might purchase clothing for keeping warm, etc.
While in this type of situation, it is more acceptable to use credit cards. It is the people who take credit cards out in order to charge, charge, charge. The people who don't care about their credit or what they are purchasing with their plastic game piece make it harder for those who play the game fair. These high spenders cause the credit card companies to generalize about all credit recipients, thus raising the interest rates to astronomical amounts if one payment is made late by anyone.
In this game of plastic pieces swiping madly across home plate, the credit card companies are the referee and the debtors the players. Until the all the players learn to play fair, the referees will continuing rearranging the score.
