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crediy. Time to Get Good and Angry About That Credit Card Debt There is something strange about what happens to all of us psychologically when we see our credit card debt just keep climbing and climbing with no end in sight. For some reason, our emotional reaction is often one of ambivalence or even acceptance as though having a mountain of debt to credit card companies is a part of life and no big deal. But it is a big deal. When a huge portion of your monthly budget goes to servicing debt, it's a big deal because that money could be going toward a better house, a new car or even just for something fun for you or your family. Whatever it might buy is a lot better than it just being thrown away as interest on a ridiculously high credit mountain. So as much as we all do strive for peace and keeping a positive attitude about life, in order to get some motivation to get out there and defeat this monster we call credit card debt, it might be time to get good and angry about the way credit cards handle our accounts and find the guts to finally find a way to just up and fire them. In the retail world, it is a crime to use false advertising or pull off hat is called bait and switch. Bait and switch is a tactic where they advertise a price for a retail item and then when you get to the store, the price is wrong on the shelf or for some other reason (like, we ran out of the ones at the sale price), they bilk you into paying the non-sale price. That's cheating and it's wrong. Credit card companies are the international grand champions of bait and switch. When they send you those glossy, well worded invitations to low interest, no cost credit cards, they have no intention of honoring that offer. Oh sure, they might set up the accounts that way. But if you read the fine print of what you are signing when you apply for the credit card, they retain the right to change the rules of how your credit bill is handled without notice and without restrictions. That means that even if they said there will be no annual fee, they can impose one and there isn't a darn thing you can do about it.