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Channel: Tackling Our Debt - Discussions on Could a Credit Card Ruin My Finances?
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Sicorra on Sept. 16, 2013, 7:13 p.m.

This can easily relate to the misuse of other things in life.. It is the same thing with alcohol or cellphones. They don't cause accidents by people who are irresponsible with their cell phones or with...

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krantcents on Sept. 16, 2013, 6:39 p.m.

Although I realize there is the potential for negative results, it is up to the user to do something to avoid it. I hate the idea that a credit card causes anything! It is always the user who needs to...

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Sicorra on Sept. 16, 2013, 7:10 p.m.

It is definitely up to the person to know how to use them properly. And some do and some don't. I know you have paid off all of your debt quite nicely and manage your cards well, and that is excellent....

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Debt RoundUp on Sept. 16, 2013, 12:12 p.m.

I do think credit cards can ruin your finances. Yes, they ruined mine, but now I use them for every purchase. It is all about your mentality. A credit card is just a tool and nothing else, it is up to...

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Sicorra on Sept. 16, 2013, 7:08 p.m.

True Shannon! It is considered "normal" to have credit card debt, which is so sad. It just seems to be a way of life for people, and they really do not give it a second thought until the day comes that...

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Shannon @ The Heavy Purse on Sept. 16, 2013, 11:42 a.m.

You definitely have to use credit cards wisely, otherwise you could get yourself into trouble. The biggest problem I often see if that so many consumers don't really understand how credit card debt...

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masnr9@gmail.com on Sept. 16, 2013, 8:49 a.m.

Credit cards are definitely not for everyone. If you can't control your spending, it is probably best not to have one!

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Sicorra on Sept. 16, 2013, 7:06 p.m.

It does make it more tempting to shop until you drop so to speak. It is easy to forget that it isn't an unlimimted source of money. Good for you guys for finding a way to manage your cards properly....

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Corina Ramos on Sept. 16, 2013, 6:51 a.m.

We have two credit cards that we use for emergencies only. We use it once a month to keep it active but we only make small purchases like filling up the both vehicles once a month. I try not to spend...

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DC @ Young Adult Money on Sept. 16, 2013, 5:28 a.m.

Based on the countless stories of people getting roped into credit card debt I think it certainly can ruin your finances.

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