Own a credit card? Well I suggest you pay the balance off pronto or go to a consumer debit counseling service because just like the Sub-Prime mortgage loans banks issued credit card to anyone. I remember reading back in the 90s how a 8 year old boy got a credit card in the mail. I myself was pre-qualified for thousands of credit cards. (I shredded them all) We do own two credit cards sorry to say but we are going to pay them off ASAP because banks are now going to a variable rate starting at 18 percent interest but a lot of others are even higher than that. It doesnt matter if youve had an impeccable payment history or not anymore. As a matter of fact if YOURE the one that is you are the targeted customer. Just a note of warning and I know you all already know credit cards are a bad thing, but we bought into needing at least one for things like car rentals, hotels and deposits. This economy is going to go further in the tank for this. Many will file chapter 13 or do what we are doing and going to Consumer Debit Counseling because at least our interest will be low so we can pay them all off within a year.