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Look Broke for a Year or Stay Broke for 10? The Credit Card Debt Trap
Would you rather look broke for a year or stay broke for the next decade? Before you answer, think about whose opinion you’re paying for with that car payment, those credit card bills, and the retirement savings you keep putting off.
Steve, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, tackle the uncomfortable connection between keeping up appearances and staying in debt. We talk about why protecting your credit score can become more important than protecting your future, how minimum payments keep you stuck, and why dealing with financial trouble doesn’t make…
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