For compulsive buyers, the overwhelming need to buy is an obsession that can ruin finances, marriages, careers and even lives.
An overwhelming majority of compulsive buyers, or shopping addicts, use their credit cards to feed their addictions, experts say that 60 percent to 75 percent of the compulsive shoppers have credit card debt as a result of their shopping addictions.
A credit card addict is somebody who uses their credit card, maybe for every purchase they make. I've seen people use their credit cards for a pack of gum at the drugstore. There are some people who absolutely don't want to pay anything in cash. The reason is simple, cash is real money. Credit card is plastic and for some people, it doesn't feel like real money.
These people are living in a fantasy world and if one is a compulsive credit card buyer, they do not need to have any credit cards. Sounds kind of harsh but it is the truth. Such person will need to seek help, it would be a great idea to take a credit card management class. The problem though is that compulsive spenders usually will need someone else to point the problem out to them.
