8 Million People Say Cash Is King – How About You?

Hello, my name is Jim and I'm a credit-a-holic. 

Like it or not using and relying on credit cards can be a dangerous addiction.  One that can play havoc not just with our financial lives, but as with any addicition, our relationships as well. 

It looks like the sobering economic realities of the last couple of years has hit home, as more than 8 million consumers have hit rock bottom with their plastic addiction, and as Nancy Regan taught us, are learning how to Just Say No!

Giving up the card and switching to cash may be the tough love you need to get back on the road to financial freedom.  Let us know if you are still caught up on the credit card debt treadmill, or if you've joined the ranks of those who are taking the steps to control their own financial destiny.

"In the past year, more than eight million consumers have stopped using credit cards, according to TransUnion, a Chicago-based credit researcher. That means 78 million U.S. consumers do not have credit cards, compared to 70 million last year."

Read more on how people are saying Cash Is King: 8 Million People Abandon Credit Cards

 

About Anthony Candella

Anthony is the founder and Directing Attorney of YourCreditAttorney.com and has been helping consumers just like you understand and improve your credit and financial situation since 2003.