Older Americans are finding themselves increasingly
buried in credit card debt, a terrible position to be in after retirement when the chances of increased income are slim.

The picture can only get bleaker. You can avoid that trap by thoroughly trashing your credit score now,
in your youth, so that no one is willing to lend you any money in your old age. These five easy steps will help you destroy your credit now
so that you can rest easy that you can rest easy in the knowledge that you will have nothing to lose in your old age. First, be sure to open a lot of credit accounts
while you’re still in college and don’t have any income. That way, once you graduate and
get a job you’ll already have solid debt and be racking up interest charges every month. Besides, you’ll find it will be a lot easier to get credit
as an unemployed student than it will be as a newly employed adult. newly employed adult. Second, don’t limit yourself to just one or two major credit cards. The more credit cards you have, and use, the more separate monthly minimum payments
you’ll have have and the greater your chances of missing one of those payments and accruing more late charges. And, there’s an added bonus called the universal
default clause with most credit cards. That means that if you’re late on just one of your payments, they can all raise your interest rates through the roof. take out cash advances from one credit card
Third, take out cash advances from one credit card to pay for another. This way you can keep your credit card payments
current without ever actually having to pay out any cash. And, what’s better you can rack up fees and interest without ever
making use of your credit. Fourth, use payday loans whenever you’re running a little short
of cash. In most states, with a little juggling, you can make payments every week to the payday
loan store without ever reducing your balance on that loan. And if that fails, don’t worry, you can always pay off that loan secure in the knowledge
that you can take out a new one and begin racking up fees in just a few weeks. And finally, no matter how bad your financial situation gets do not consider bankruptcy. Cling to the unfounded rumor that bankruptcy
ruins you credit for ten years. And instead, watch helplessly as your credit card debt continues
to grow long after your accounts have been suspended and you have no credit available.
Consider paying out large sums of money to companies with no mailing address who promised to radically and magically reduce
your total debt. But, under no circumstances should you consider taking valuable, reliable
advice from a licensed professional. The temptation to pay your bills, avoid high interest rates, avoid and cancel
cards with the gratuitous fees and live within your means may be strong, but don’t get sucked in. With a little planning you can destroy
your credit rating and create thousands of dollars worth of bills in just a few short years.