Are there ways to eliminate credit card debt or obtain debt reduction from the high balances and payments? Is it possible to just get your entire debt canceled? Do you really think that there are positive uses of a credit card? Like rebates and airline miles? Let me give you the gospel on this: responsible use of a credit card does not exist. Credit card debt is a major problem in America. We have a need to eliminate debt of any kind!

There is NO positive side to credit card use. You will spend more if you use credit cards. Even by paying the bills on time, you are not beating the system! But most families don't pay on time. The average family today carries $8,000 in credit card debt according to the American Bankers' Association.

Now let's talk about the rebates. If you were using a credit card at 5%, you would have had to spend $80,000 to get $4,000 rebates on new cars that lost $6,000 of value when you drove them off the lot. That is not a good deal!

Dealing with the enticing of Credit Card Companies that take advantage of consumers by luring them in with low interest, no fees and a high credit line. These banks encourage consumers to charge much saying that they will receive back a small percentage of interest as a savings when the banks receive from the consumers twenty percent interest or more on the purchases made.

Think about Cash vs. Credit Cards when purchasing!

When you pay cash, you can "feel" the money leaving you. This is not true with credit cards. Flipping a credit card up on a counter registers nothing emotionally. If you use credit cards instead of cash you will spend 12-18% more. This is money you could have saved.

If you "have to" use plastic, I suggest a debit card. I use them for travel and the occasional convenience of ordering something over the Internet or phone. Other than that, I use cash. Personal finance is 80% behavior. You need to cut out habits that make you spend more.

You do not build wealth with credit cards. Use common sense. When you play with a multi-billion dollar industry and you think you're going to win at their game, you are naive. You cannot beat the credit card companies.

The Banks and credit card companies are making millions of dollars off of our purchases and then give us back pennies as an incentive to charge more. How can you eliminate debt using their program?

I believe that there are many people who are struggling with credit card debt and see no way out except bankruptcy or debt consolidation. I believe that there is a way to get your debt canceled or reduced to pennies on the dollar. There has to be a new alternative out of debt for the one who does not have the resources to pay their debt.

Credit Card Debt information, debt counseling, debt management, debt consolidation, debt solutions, debt reduction, financial Counseling, debt negotiation, debt relief and being debt free are the many terms we use for saying that we just want our debt canceled.