credit score has been only a little too smooth to get for the common American, you recognize, those fantastic folks who can not stability a test e-book, punch a chad or maybe software their VCR? tremendous the antique cliché; “store ’till you drop!” well, consumerism is alive and nicely in the united states and now we discover ourselves in a little bit of a pickle, you see with high gas prices and food fees, many American households are charging their groceries and for this convenience they may be paying a few quite steep interest fees.that is very unfortunate because in reality they must be setting their money into lengthy-term investments that could develop and double every 7.7 years. it’s just a travesty to see them pay all their money and destiny money to credit card agencies that they have allowed themselves to be economically enslaved too. How did all this happen? well, seemingly consumers forgot the primary credit tip; do not Borrow money except you could Pay it back!maybe, that they had now not concept a good deal approximately it, but statistically the average American has 1.eight instances their annual earning in quick-time period debt. this is credit score cards, automobile loans and different styles of loans, no longer consisting of mortgages or long-term debt. speaking of which all of us realize that the mortgage crisis is at vital tiers, along with the credit card debt and unless folks get lower back to credit tip primary, and think about this as they preserve to dig themselves a deeper hole to which there may be no mistake, all bets are off. Please pray for the financially inept American consumer for me.