Credit Card Debt

Credit card debt is the worst kind of debt. It basically means spending money you did not really have. It is considered unsecured debt as there is nothing of value backing it.

Credit card debt is more like financial cancer because if it is left untreated, it will grow and choke your financial livelihood and may lead to bankruptcy.

Be double careful of what you owe to the banks as the credit card sharks continue devouring us with sky high interest rates of up to 24% p.a.