Personal Finance

Credit or Debit? 5 Financial Horror Stories

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It seems like everyone in the United States has some type of plastic card these days. Whether you are going to college and need a credit card, or you are an adult who has used a credit card for years, credit cards and “buying on credit” are part of our economy and culture. In fact, it seems like even children are receiving debit cards these days. According to the U.S. Census Bureau, there were an estimated 183 million credit card holders at the end of 2011. That number is ridiculous when you think about the current world population. There are many examples of how people used their card to rack up some pretty interesting credit card receipts.

The security of your credit and debit cards can really affect your financial well-being.  After all, you don’t want to discover that your credit score has dropped or that your debit account is overdrawn.  We rounded up a few of the most outrageous credit and debit card stories the Internet had to offer. Let them serve as a reminder to take the necessary steps to protect your plastic—and your finances.

[Free Resource: Check your credit for free before applying for a credit card]

Slide 1: Through the Roof Interest Rates »

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