In the good old days when money grew on trees, we could all afford most of the things we wanted when we wanted them. With credit like a tap to release a flood of money on demand, the new car and expensive lifestyle were all within reach. All we had to do was keep the job and watch the value of our homes... 

A lot of credit cards have the right of substantially raising rates in case one misses a payment, or commits any other financial fault. Just lay on your cash loan or a mortgage. Pay off your electric bills. Transcend your credit limit. Permit rating of your credit to get lower of what the credit card...