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It’s in the best interests of credit card companies to make it easy for consumers to overspend while making it difficult for them to pay off their balances. Credit card companies accomplish this in part by charging exorbitantly high interest rates and low minimum monthly payments. It’s all too easy to fall into the trap of credit card debt. Many consumers must have a bankruptcy attorney file for bankruptcy on their behalf because of insurmountable credit card debt and other types of debt.

When you watch this video, you’ll hear from a woman who was nearly forced into bankruptcy because of her spending habits. She had 12 credit cards, all of which were maxed out. You’ll also hear from a credit counseling specialist regarding his rules for using credit cards wisely.