Credit Addiction Creates Debt and Arguments for Couples
Does someone you love have a Credit Addiction? You know, the type that only pays their Credit Bills just so they can charge more later?
If so, please stick around and read today’s post, to learn how you can help them cure their Credit Addiction. Thanks for stopping by today.
Credit Addiction and debt denial are like a 1-2 punch. First the Credit Addict gets ‘hooked’ and second they (often) deny the debt is a problem, often until it’s too late. While working as a Credit Card Negotiator (for a Firm), I realized that many of my clients sought help only after they were turned-down for Credit. Some of these clients were seriously addicted to Credit.
Many Credit Addicts are embarrassed when they are exposed, and vow to cure themselves. But my studies in psychology have taught me a number of things about the struggles of addiction. Since I’m not a Psychiatrist, I won’t go deep into ‘Psycho-babble’ (so no worries). But what I will do is provide some solid tips to curing Credit Addiction.
First, What Is Credit Addiction?
Credit Addiction, is the compulsive and often obsessive psychological dependence on Credit (borrowing money). A majority of Credit Addicts are normally not aware of their affliction. Other Credit Addicts know they have a problem, but they hide it (like my ex-wife). Credit Addicts are the type to find (or make up) a reason to use Credit.
For example, right now, someone is looking for a valid excuse to buy on Credit. With Valentines Day 2009 right around the corner, the Credit Addict is scouring their Credit Card Accounts, for the Card with the most ‘Available Credit Balance’. This is after they’ve spent as much as they could during their 2008 Holiday Credit Binge.
5 (not so easy) Steps To Cure A Credit Addiction
Save More with the CREDIT CARD MEDIC Video Course: 866-576-7996
1. Enact Bold Intervention:
If you know or love a Credit Addict, it can be tough to try and ‘get into their business’. If yo’ve tried to intervene before, you may have felt the force of the Credit Addicts anger. This anger is usually a sure sign that A.) the Credit Addict is in denial (hence indignant) or B.) they are hiding behind a wall of shame.
This is why the first step should bold intervention. When I confronted my ex-wife about her Credit Addiction, she was not a happy Spouse, so to keep the peace I backed down. It wasn’t until she wanted to file Bankruptcy when I gritted my teeth and held firm.
I intervened and gave my ex-wife an ultimatum. I told her, “I will not file Bankruptcy!… we make over $90,000 combined. We have the money…You fix this or I will…” Surprisingly she did, and it was a whole lot easier than she (or I) thought.
2. Don’t Be Afraid To Use Threats
I don’t believe in bullying people, as a Libra I’m innately attuned to fairness. But it wasn’t until I threatened to speak to her family about her Credit Addition, whereby exposing my ex-wife), before she made sincere attempts to cure her Credit Addiction. Since Credit Addicts hide behind a wall of shame, you may have to go behind that wall to scare them out from behind it. Threatening to expose the Addict can also back-fire (so please use this tactic with caution?).
3. Take Control
As a Libra, I really believe in fairness and collaboration. But my ex-wife, wanted me to take control. It wasn’t until I ‘Manned-up’ and took control over the situation, that my ex-wife, let me know that she wanted me to take over (help her) all along. If you attempt to take control, it’s wise to not do it abruptly. Give the Credit Addict some time to leave their state of denial before you take over.
4. Be Honest About The Credit Addiction
As a reformed nice guy, I used to have the problem of watering down the truth of my ex-wifes Credit Addiction. I used to hide behind my wall of diplomacy. For this reason, I wasn’t always honest with myself or my ex-wife. Because of that, I allowed her Credit Addition to go on for much longer than I wanted. But once I became honest and faced my ex-wifes‘ Credit Addiction, it became easier to stick to my guns and eventually my ex-wife was cured.
The DEBT WARRIORS HELP-LINE: 866-576-4996
5. Seek Help For the Credit Addict
Debt Counselors know that sometimes people need objective help to cure their Credit Crisis. In addition, the loved ones of a Credit Addict my need some support from a professional. If you find that all else fails, get the help of someone who understands the complexity of Credit Addiction. Don’t be afraid to say “I need some additional resources”. And don’t hesitate to get debt help when you need it.
If someone you love is a Credit Addict, the good news is they can be cured of this Financial Affliction. It takes team-work, accountability, trust and endurance, but Credit Addiction can be cured. If I can be of service, feel free to call me at 866-576-4996.
[...] post, to learn how you can help them cure their Credit Addiction? Thanks for stopping by today.read more | digg [...]