No Getting A Card Does Not Necessarily Mean You've Money Many people advocate the situation of charge cards, estimating the advantages and convenience that comes from them. However, there's another group/line-of-believed that strongly opposes charge cards. It is because ?Excessive Charge Card Debt?, which is among the most serious problems faced through the charge card holders and charge card industry. However, you can?t pull the wooden shutters around the charge card industry just due to a couple of irresponsible people (or even when it?s a lot more than couple of). That's not really a solution for beating excessive charge card debt. Furthermore, you can?t disregard the benefits connected using the charge cards. The problem of excessive charge card debt can be regarded from 2 angles. First is addressing from the excessive charge card debt problem in the industry level and 2nd may be the addressing from the excessive charge card debt problem in the individual?s level i.e. in the charge card holder level. The very first method involves growing understanding of the unnecessary charge card debt problem towards the public. This seems being carried out presently too. However, there ought to be an attempt to tackle this issue of excessive charge card debt in an even much deeper level. What this means is attempting to devise a mechanism to puppy nip the issue (of excessive charge card debt) within the bud. This mechanism should really take part in the general system. Lots of thought needs to enter devising this type of mechanism. Situation studies ought to be adopted, statistics collected along with a proper forum created (with reps in the charge card holders and in the charge card providers). By now, the charge card providers just appear to become involved in being released with new items and becoming clients enrolled to individuals items. There's little attention compensated towards addressing the issue of excessive charge card debt within the real sense. Something similar to attending mandatory workshops around the root reasons for excessive charge card debt might be made area of the charge card application. A way of coping with the issue of excessive charge card debt might be: creating a system for calculation of relevant charge card limit in the individual level i.e. no standard/product-based credit limits. Then there might be systems for proactively warning the customers about excessive charge card debt (according to their charge card usage) or perhaps imposition of early limitations on realizing the very first signs that cause excessive charge card debt in the individual?s level, treating the issue of excessive charge card debt would come with following of guidelines (on charge card usage and avoidance of excessive charge card debt) through the people themselves. A record or some questions might be presented to people for identifying the very first indications of excessive charge card debt. So, the issue of excessive charge card debt can surely be worked with by assembling some serious thinking in a larger level along with discipline in the individual?s level. PPPPP Number Of Words 486