How to break the Credit Cards addiction?

Are you carrying multiple credit cards in your wallet? If yes, then you are no less than a credit addict. You are bold, risky averse & experiential in life. This is the clearest sign of your madness for credit.

According to a general survey, there are too many credit card users than ever. And this is plainly the average. It is quite easy to understand how many the actual numbers are. And this is besides the count of instant personal loans, car loans, education loans and home mortgages.

Below are the things which reveal that you are a credit addict, and you must be aware:

1. Living in a denial

   Denial in life can be hurtful for a smooth financial journey. If you are clueless about your outstanding balances and minimum payments, then take a moment to wake up to your denial.

2. You feel incomplete without credit cards.

   Did you ever feel a void without a credit card in your pocket? This could be when you lost or dropped your credit card. Does it make you feel incomplete, as if you do not have enough cash in hand?

3. You keep applying for new credit cards.

   Are you not stopping to fill credit card applications? You fill out every application for the heck of it. You get intrigued by the offers & benefits so much so that you could not resist.

   

4. You choose each & every way to pay bills.

   Have you been choosing high interest credit cards to pay off your outstanding bills? This is one of the riskier steps to take. If you are making use of credit cards to make basic bills, then you are a credit addict.

5. You do not worry about hike in charges or fees.

   You are much aware about the increase in the credit card related charges; however, you choose to ignore it. You do not care about the hikes, you only care about the credit transfers oblivious of the exorbitant interest rates/charges.

6. You do not speak about your debt liabilities.

   You totally avoid talking about your credit cards & loans. Every time the topic of debt liabilities come up; you try to dismiss. Do you hide away your credit card bills when they reach your place? Or any communication for that matter. How is how addicts behaving to keep away from the reality.

7. You cannot resist good offers or deals.

   Whenever you see good offers or deals, you cannot avoid taking up the deal. Even if that means using your hard-earned cash or swiping the card. You just must make a buy like a hopeless narcissist. You cannot let go off good offers.

8. You have limited cash resources.

   You have changed your ideologies related to greater savings for future. You like to earn and spend at the same point. Why save so much when you can use a card to get done with your shopping.

9. You have maxed out all your cards.

   This is the last and final time that portrays your love for credit cards. If not for an emergency, it is stupid to max out your cards. You must learn to master self-control & not think about excessive debts.

Read more: Everything you want to know about a Credit Score