The Debt System – Personal Debt II

Personal Debt

In my last post I started into the personal debt side of the debt system.   If you did not read that post, you may want to go back and read that here. I started into it, but I got a little sidetracked going into my own failings. That’s fine because I also want you to know where I’m coming from. So now I’d like to actually get into the meat of the matter.

The debt system is a system of control. It is set up to keep as many people under control as possible. Under who’s control? Many have their hands in this system – the government, the banks, the education system, corporations and of course, the credit card companies.   Name an entity that deals with money on a grander scale than you and I and you can bet they have a hand in there somewhere.

Credit Card Debt

First up, the credit card companies

The credit card companies have done more damage to the American Family than Planned Parenthood or the welfare system ever could ever dream. And yes, the welfare system IS destructive to the family unit, but we’ll get into that later. One of the leading causes for divorce in America today is debt and a huge amount of that is credit card debt. The overwhelming amount of stress, the arguments and fights, can drive two people that love each other down the road to separation and divorce.

As I mentioned in my last post, these credit card companies are bombarding our children, our young adults at the age of eighteen, with pre-approved credit card applications.   And I do say “bombard” them because that is what they are doing.   When I was a young adult, I was getting 3 or 4 applications every single day, averaging about 20 a week. It was even more irritating because I had to shred all of them so someone didn’t go through my garbage, find one and open up a card in my name. It got so bad that I had to sign up for a kind of Do-Not-Call list, but for credit card applications. After that, it went down to nearly zero. So yes, these companies are throwing applications at our young adults so much and so fast that I would consider it harassment. If you were to send me 42 letters with no response from me, I would say, move on. I am obviously not interested. Continuing to send me letters would be harassment, wouldn’t you agree? This is what is happening to our youth. Couple that with no one really warning them of the dangers and that can spell disaster.

Debt is a cancer

Another reason that we should stay free of this system is its ability to creep into people’s lives almost unnoticed like a cancer. Like a cancer victim that seems healthy by all outward appearances, but is slowly being ravaged from the inside. It is not until the cancer has gotten so bad that it starts to reveal itself that the person even knows that there’s a problem. By then, it may be too late for him.

Hospital Bed - Debt is Cancer
Debt is Cancer

Debt can act the same way. It can start very slowly, say $150 on your Visa card. Low payments, low interest. You would hardly know it’s there. A few things happen, the Visa saved your butt when your transmission fell apart. You do need to get to work! A few more not-so-needed purchases. A few months later you got a Master Card because your Visa was maxed out. How did that happen anyway? You barely used it!

You have a nice late model car, nice furniture, big T.V., nice clothes and you get to go out to dinners, catch movies, whatever. You look great, you feel great! From the outside, you look like you have it all. But on the inside, the cancer is starting to metastasize. You now have a bunch of cards, you’re using one to pay another, you made late payments and now you’re looking at 30% interest on multiple accounts and the house of cards starts to come down. You wake up one day and look at the crushing load of debt and say “how in the hell did this happen?”

It doesn’t have to. And if it already is or has, the first step is to STOP USING YOUR CREDIT CARDS. From there, there are many options to get out from under it. You can do it the old fashioned way of curtailing your spending and just start pay your debt off. Also, there are debt consolidation programs that will help for a fee. Start listening to Dave Ramsey, he’s got some great ideas, one of which is the Debt Snowball. Maybe I will do a post on that soon.

What I’m saying is, there are ways out. This is not terminal cancer. You can beat this. It will be tough. It’s simple, but it’s not easy. But you can do it.

Until next time,

Stay free.

Comments, ideas or thoughts? Let us know!

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