Credit And Debt Management: Conclusion
AAA
  1. Credit And Debt Management: Introduction
  2. Credit And Debt Management: Credit Reports And Scores
  3. Credit And Debt Management: Building Credit From Scratch
  4. Credit And Debt Management: Repairing Credit
  5. Credit And Debt Management: Credit Cards
  6. Credit And Debt Management: Reducing Debt
  7. Credit And Debt Management: Debt Collection And Bankruptcy
  8. Credit And Debt Management: Credit Counseling
  9. Credit And Debt Management: Credit And Relationships
  10. Credit And Debt Management: Conclusion

Credit And Debt Management: Conclusion

by Cathy Pareto

Americans can no longer afford what has become a charge-it-all culture. Credit is an unavoidable part of our reality these days; nobody can deny that it is a critical component of our global financial markets. However, any extreme is usually bad, and that truth extends to credit and debt. People who overconsume, overspend and charge their way through life will inevitably pay the piper, and not just in terms of their financial stability.

Americans' struggle to dig out of debt has also given rise to health problems. According to research psychologist Paul Lavrakas, as many as 10 to 16 million Americans suffer from anxiety, depression and cardiac problems directly resulting from money worries. A 2008 AP-AOL health poll reveals the following information about the health problems faced by debtors:

  • Insomnia or sleeping problems are pervasive in 39% of people with high debt stress versus 17% for people with low levels of debt stress.
  • Severe anxiety is pervasive in 29% of people with debt stress versus 4% for people with low levels of debt stress.
  • Muscle tension and lower back pain is pervasive in 51% of people with debt stress versus 31% for people with low levels of debt stress.
If used sensibly, credit cards and other consumer debts can make our lives easier and more productive. Using the tips from this tutorial to become more disciplined, organized and financially responsible will help you pave your road to wealth.

  1. Credit And Debt Management: Introduction
  2. Credit And Debt Management: Credit Reports And Scores
  3. Credit And Debt Management: Building Credit From Scratch
  4. Credit And Debt Management: Repairing Credit
  5. Credit And Debt Management: Credit Cards
  6. Credit And Debt Management: Reducing Debt
  7. Credit And Debt Management: Debt Collection And Bankruptcy
  8. Credit And Debt Management: Credit Counseling
  9. Credit And Debt Management: Credit And Relationships
  10. Credit And Debt Management: Conclusion
RELATED TERMS
  1. Never Pay Strategy

    A colloquial term used to describe an individual who opens a ...
  2. G.19 Report

    A monthly statistical report from the U.S. Federal Reserve that ...
  3. Credit Card Dump

    The unauthorized copying of all the information contained in ...
  4. Processing Date

    The month, day and year when a merchant’s bank processes a credit ...
  5. Settlement Bank

    The entity that facilitates the exchange of money between the ...
  6. Sales Draft

    A record indicating that a cardholder has made a purchase.
  1. Why is it beneficial to innovate financial models and techniques used in quantitative ...

    Understand why it's necessary to negotiate lower interest rates on your credit cards, and learn the techniques you can use ...
  2. How can I use quantitative analysis to evaluate investment decisions if I don't have ...

    Discover whether companies that advertise debt consolidation services are legitimate. Some may take advantage of people who ...
  3. What are some common models that practitioners use in quantitative analysis of equity ...

    Understand which aspects of a credit card agreement make accepting a new credit card offer a good deal or one that should ...
  4. What are some reasons banks deny applications for checking accounts?

    Understand what a revolving credit account is and what a general line of credit is, and learn the differences between the ...

You May Also Like

Related Tutorials
  1. Credit & Loans

    Credit Card Tutorial

  2. Credit & Loans

    All About Student Loans

Trading Center