I happened across an article on the FoxBusiness website yesterday that really made me sit up and take notice. It had to do with demonizing people who have credit card debt and why this was like religious proselytizing.
5 things in common
The author of this piece found five things that credit card debt and religious proselytizing have in common. I’m sort of paraphrasing here but they were:
-Both demand painful self-sacrifice and require a long and difficult road to atonement
-In both cases, people tend to be in denial and those who need the most help are often the least likely to read or hear the message
-Both can grant inner peace to those who follow the correct path
-In both credit card debt and religious proselytizing the people who need the least help are often the ones who will hear or read the message as they feel really good about having their superiority reinforced.
-Finally, those who want to convert people to a religion or to financial redemption often come across as preachy and self-righteous.
Ways the two are different
Naturally, there are many ways that credit card debt and religious proselytizing are different. For example, evangelists hardly ever demonize people they hope to convert. Instead, they use a positive message of love. On the other hand, people who have serious credit card debt are often portrayed as weak-willed, stupid and morally bankrupt. For that matter, heroin addicts can get more sympathy. This is why a lot of people who are deeply in credit card debt just stick their heads in the sand instead of facing up to their problems and risking society’s displeasure.
Being in debt is not a sin
Some people are heavily in credit card debt simply because they were naïve about their ability to make payments when they applied for their credit cards. However, others have become deeply in debt due to the state of today’s economy–because they are either unemployed or underemployed. Plus, the fact is that we here in America have created an entire infrastructure designed to maintain, support and encourage credit card usage. Just look at how many credit card offers you get each week.
Also, the credit card companies have become amazingly adept at creating offers that are very difficult to refuse–especially if you haven’t had much experience with credit card debt. Many of these promotions include rewards or cash back. At least one of these companies is now offering “twice as much money back” (vs. other cards).
You cannot borrow your way out of debt
There’s an old axiom that maybe our federal government should have paid more attention to and that’s you can’t borrow your way out of debt. While many people have turned to debt consolidation loans as a way of managing their credit card debt, these loans do nothing to eliminate debt. They just move it off credit cards and onto a personal loan. In fact, a debt consolidation loan can end up costing more than if you were to simply pay off your credit cards. This is because you may have a lower interest rate on that debt consolidation loan but you will be paying on it much longer.
You could settle your way out of debt
You may not be able to borrow your way out of debt but you can settle your way out. National Debt Relief leads the industry in helping people get out of debt the smart way. We provide one of the best debt reduction plans that has helped consumers reduce their credit card bills and save thousands in the process. If you’d like to know more about debt relief, give us a call and let us show you how much you can save.