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    default on their debts.

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    that way, the concept of credit has been a boon to experiencing the American Dream. Unfortunately, there is also a dark side to credit--one that can turn the American Dream into a life-destroying nightmare.

    The figures are startling. More than 70 percent of American divorces are caused by the stress brought on by financial difficulties, and three out of every four Americans are a mere three paychecks away from having to face potential default on their debts.

    But how can this happen in the richest country in the world? The answer is simple: misuse of credit. In order not to b

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    turn the American Dream into a life-destroying nightmare.

    The figures are startling. More than 70 percent of American divorces are caused by the stress brought on by financial difficulties, and three out of every four Americans are a mere three paychecks away from having to face potential default on their debts.

    But how can this happen in the richest country in the world? The answer is simple: misuse of credit. In order not to b

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    he stress brought on by financial difficulties, and three out of every four Americans are a mere three paychecks away from having to face potential default on their debts.

    But how can this happen in the richest country in the world? The answer is simple: misuse of credit. In order not to b

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    default on their debts.

    But how can this happen in the richest country in the world? The answer is simple: misuse of credit. In order not to become one of those depressing statistics, it's important that you become credit smart--long BEFORE you find yourself in financial difficulty over your head.

    Credit Card Debt Costs

    First, let's look at the nuts-and-bolts of what credit card debt actually costs. When you buy something using a typical credit card, you will, on average, end up paying more than 130 percent above the actual cost of that item, compared to what it would have cost if you had paid cash. No matter how terrific the sales price may have been, your savings will be more than offset by the interest ch

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