It's Up To US

Well, there's some good news on "the credit card front." Congress and The White House have stepped in and will reel in some of the unethical practices of the banks and credit card companies. The Obama administration does apparently have the best interest (no pun intended) of the American people in mind with regards to the staggering debt totals we are presently seeing.

While it is crucial that "the powers that be" do what it can to stop what can rightfully be called the "legalized rape" of the American consumer by the banks and card companies, we
MUST NOT simply rely on or expect the government to change our financial situation for the better. It can stop the abuse, but WE must be proactive if we are to get out of debt and ultimately prosper.

In other words, it's not up to the U.S. - it's up to us. Note the difference.

We must take responsibility for the credit card debt that we've incurred.

So, my first piece of advice is to add up all of your current credit card debt. If you already know exactly how much you owe (and I mean to the penny), that's terrific. But my experience is that most people do not know their exact debt load. Knowledge is power - so become of what you owe to MasterCard, Visa, AmEx, and all other cards and make a list of those individual totals.
Then add them up.............Take a deep breath and relax.

Remember, in order to turn your situation around, you have to admit that there is a problem, know what that problem is, and be willing to do what it takes to gain control over it.
That's your responsibility and together, in these upcoming posts, we will take the steps necessary to become empowered.

No one can do this for us..........It's up to us.