Everyone has a car payment. Or do they? The idea that 'everyone is doing it' shouldn't apply when it comes to major financial decisions - like buying a car.
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Getting rid of debt is like dieting to shed the extra fat on your body. If you do it right, you can become debt-free within a short time; if you do it wrong, you will remain in debt as long as you decide to make a change.
It is the rare person who never finds themselves in any sort of financial trouble – jobs are lost unexpectedly, medical costs are through the roof, illness or disability leaves us without income, or at least sufficient income, for a period.
Credit card rewards are just rewards for your spending. They can be nice, but make sure you don't overdo them or you can end up in debt.
If you have been reeling under the burden of huge credit card debt, then you probably don’t need to be told how easy it is to amass debt and how incredibly difficult it can be to get out of it.
Buyer protection credit terms are governed by legislation such as the Credit Card Act. This act and regulators such as the Consumer Financial Protection Bureau help ensure consumer rights such as freedom from illegal collection activities and credit card company wrongdoings.