I present this with caution, if you think about it, it's scary... but I just think people need to be care full with there money, not run up massive credit debt.

If you have a bad credit card 20%, for every 5 thousand you borrow, you pay $1000 per year for free to them.

I have a friend who purchased a house 4 years ago, and walked away selling the house, with enough money to pay her credit card bills off... but...see... if you generated 30K in equity, borrowing 5K a year, That is 1K the first year, 2K the second year, 3K the third and 4K the fourth. that is 10K in interest and ate up half the equity she was generating, the rest went to pay for what she had spent.

I Don't want to scare anyone, because humans are resilient... America is hyper-competative.. and it's not good to be a worrier.