Credit card debt set to hit record levels as consumer holiday spending rises

[hunter]

4. Once upon a time I paid some medical bills with a credit card.

I won't do that again!

Since then I've got no desire to buy anything with a credit card.

It shouldn't be a surprise, but a serious illness tends to reduce the amount of money you are making, which makes it difficult to pay the credit card bills. You miss a few payments, because you've got even more medical bills to pay, the late fees and interest rates rocket up to thirty percent and beyond, and then you are screwed. The credit card companies are not your friend.

Anyone who does not, or can not, pay their credit card debts in full every month is playing with fire.