A quick thought in the light of this article in the NYTimes about trying to toughen up the rules on credit cards to reduce over-borrowing and levels of debt...Surely I can't be the only or the first person to think that some of the problem is in the name?
If the law banned use of the term "Credit Card" and forced issuers to call them a Debt Card (in advertising and literature) they'd be a whole lot less attractive - and perhaps I/we'd use them more wisely? The thought "I'll put it on credit" sounds easier than "I'll increase my debt"...
