Plastic? Not a Good Idea.

Regulating Credit Cards:
The issuing of credit cards have risen numerously within the past few years and has resulted in consumer credit card debt. Although a credit card may be useful, it puts consumers that are not able to keep up with their bills in serious debt. According to this article, consumer purchases have jumped 25 fold from $69 billion to $1.8 trillion. It is absolutely difficult to own a credit card, and not use it. After applying for one credit card, there comes another and then another. It is inevitable to not have a credit card especially when college or other financial need occurs.
I think regulations should be put in the use of credit cards only because a credit card is very hard to manage. When a consumer owns a credit card, no cash is used, only the credit card. Credit cards are being swiped for everything a consumer purchases and is not so much of a good idea. At the end of the day, when the consumer looks at what he/she purchased, the total comes out to much more than what was expected. Retaining a credit card, the consumer spends more than what he/she actually has and can pay for in cash and therefore, results in credit card debt.