Every person has their own financial problem, even with celebrities. The highest celebrity problem with credit is sport stars, and number two is a movie stars. Mike Tyson, or Paul Mc.Cartney is just some example of them. Why they got problem with their credit? It is because of their lifestyle, or mismanagement of their money.
Let’s see what Stephen King, best-selling author ("Misery," "Carrie," "The Dark Tower," "The Green Mile") said about credit : Stephen can remember coming home one day – He was working two jobs, teaching school and working in the summer in the New Franklin laundry to make ends meet -- and having his wife say, "Give me your wallet." And he gave her his wallet. And at this time everybody was giving out credit cards, you didn't need to apply or anything, they just sent their plastic everywhere, and she took the gasoline credit cards and she had these shears and she cut them all up. Stephen later said, but we're paying our bills, and she said, "No, we're paying the interest. We can't afford to anymore. We've got to pay as we go."
The lesson learned here are: Don't use credit cards to create a lifestyle that your paycheck doesn't support. Understand how much of the credit card bill is interest charges. If you are in debt, contact your credit repair management, repair credit, or go to credit repair service. Using credit cards to finance a business venture can be risky. Not everyone can pen a successful book to cover the accumulated debt. Pay as you go. Credit cards may be essential in modern life, but don't let them rule your life.
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