Use credit cards wisely

Not everyone that files bankruptcy is there because he or abused credit.  Most debtors file bankruptcy due to circumstances beyond their control such as medical bills or the loss of a job. However, a fair number of debtors file because they have gotten themselves in trouble with credit cards.  Credit card debt ranks high among the types of debt we see in bankruptcies.  Learning how to handle debt is the best way to stay out of trouble.  This does not mean that you will not have or use credit cards – – you just need to learn to use them wisely.

For tips on how to manage credit card debt read, “Avoiding Debt: Credit Card Do’s and Don’ts.”

Image Credit:  sovietmole