Is Credit Addiction Real?

by | Feb 14, 2012 | Credit Card Debt, Debt Relief

If you are one of the millions of Americans who have racked up credit card debt, don’t be discouraged.  It was inevitable that you would use your credit cards, and use them more and more each day.  As this article points out, Americans are addicted to credit, starting from 1887 when Edward Bellamy writes in his utopian novel Looking Backward about being able to use a card to make a purchase.

http://www.businessinsider.com/infographic-see-the-history-of-americans-addiction-to-credit-debt-2012-2

Since the 1930’s beginning with American Airlines’ Air Travel Card, businesses have continually found new ways to make buying on credit easier.  It is no wonder given all of these societal influences that many are unaware they have amassed large quantities of credit card debt until it is too late.  If you are in this category and are overwhelmed, seek out a reputable debt settlement attorney who can negotiate large reductions in your debt for you.

The following two tabs change content below.
Avatar

Kevin Fallon McCarthy

Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.