This post is especially for you shopaholics out there who feel guilty about putting so many unneeded purchases on your credit cards – and I’m not just talking to women. Men, you know you’ve purchased the latest gizmo or the best seats at the game when cash wasn’t necessarily available.

I want to make sure you know about the upcoming shopping season. Memorial Day sales are coming. Those new shoes, that to-die-for bathing suit, the new sofa you need for the living room, and that flat screen TV – they’ll all be on sale. Shortly after that, we’ll have Fourth of July sales, then back to school shopping. Computers will be a good deal then. And what about all the concerts and sporting events that take place during the summer? Shopaholics – the sky is the limit for you in the next few months.

And it’s my job to tell you to go ahead and spend. You may be getting those credit card balances up there, and it may even be a little difficult to make all the payments, but think what you’re doing for the economy and the greater good. Things won’t get better if people like you don’t get out there and spend, spend, spend, right? Debt, like greed, is good! It’s not as if too much debt made the economy plummet like a bankrupt spendthrift’s credit score.

You can be certain I have only my best interests at heart when I tell you these things. Sure the people report that high credit card debt can screw up your credit scores.   That’s because high balances open a door for low scores like me to get onto your credit report. But I’m not so bad, am I? Maybe you won’t qualify for that next loan or you’ll be turned down for the next job. Maybe you’ll wind up with higher interest rates on your credit cards, or your credit limits slashed, or your accounts cancelled. But we’ll have a lot of fun together. And with all the new clothes, gadgets and gizmos, you’ll look really cool, even if your credit score doesn’t.

Guest Blogger: Billy Bad Score

Billy Bad Score

At FreeScore, we like to say that “one bad credit score can ruin everything,” and Billy Bad Score is the kind of guy who will gladly get in the way of a loan, a job application, or make you pay higher insurance rates. Avoid him if you can!

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