Credit Card: Debt Trap or Death Trap Using credit card for years does not necessarily make one an expert in handling the complications of card issuers and the transactions. There have been numerous instances when consumers have learned something new by way of using credit cards e.g. many amongst us have a habit of ignoring the additional sheet that is often attached with the credit card statement presuming that it is nothing more than a promotional or an advertisement and this is where occurs a major miscommunication, for the piece of paper that you may have carefully dropped in the bin could be a notification for a change in the date of your payment or that the credit card company has reduced your grace period significantly and the consequences are ghastly especially if you follow this procedure repeatedly. If you are more prone to a schedule where you often fall back on your payment, it may essentially be a death trap if it is a prolonged one. The card issuers are often targeted badly for these fallacies, but the onus still lies on the consumer not to disregard even the pettiest of a sheet or a paper that comes attached with a credit card statement for, the most important information may be hidden in that very sheet which you have missed seeing. In order to avoid debt traps it is of utmost importance that consumers should start working with competent strategies and impelling approaches to overcome their debt problems. Another way to ensure that you do not fall into these traps often, is to identify the more common ways in which you must have mishandled your cards e.g. using cards for making ordinary and mundane payments which should otherwise be largely restricted to emergencies, especially during an economic folly. During the recession however more people used credit cards to run their daily expenses when they had run out of their jobs. But if a situation arises when you have got into so much debts that it becomes practically impossible to fathom as to which way you should move or there may arise a situation when there is an outburst of debt problems it is most likely that you may require the help of professional services to smoothen your debt issues and to get respite from the deep dungeon of debts. But consumers should remember that late payments on credit card accounts are only going to make things more difficult for them. So before you make the next purchase using your credit card think twice or may be thrice for, the tons of debts that the Americans have accumulated by making repeated mistakes in credit card handling have led to serious debt issues during the recession. When it comes to a credit card, consumers should opt for one with a favorable rate of interest and more importantly should seriously envisage the consequences of default payments which can supposedly be a debt trap for them; instead they should be more responsible in handling these plastic materials lest it could kill them almost by way of massive debts.