Being in debt has little to nothing to do with a credit card.
I don’t have a credit card, yet I am in debt. Having said this, I’ll admit my debt to income ratio is less than 30 percent and my home will be mortgage free in 8 months, and I’m only 53.
In other words - contrary to what Dave Ramsey preaches - being in debt is no great sin.
Well, I am 50 and I have no credit card debt, no mortgage, and no car note. Sorry to say, I have rarely met anyone who pays off their credit card debt each month. Most let it ride and then add more. Been down that road myself once.
If a person can handle their debt, then it is no problem for them, but most who call Dave Ramsey have screwed up and need to be told that “you can’t spend your way out of debt”. Something the democrat party and obama don’t seem to understand either.