Recently, there has been some talk on Capitol Hill of adding some new legislation in the area of controlling the fees that credit card companies charge. For some, this legislation may seem like a godsend, while for others, it's just another power grab by "Big Brother".

Over the past few years, the incredible conditions of the real estate market have created a new kind of credit problem for many. With unprecedented low interest rates and incredibly fast rising house prices, many home owners have come to view their houses as “cash machines” to be used for financing a lifestyle they really can’t afford.

Most Americans are carrying a large amount of unnecessary revolving unsecured debt that can and should be eliminated from their financial lives. Unsecured debt can put your entire financial life in jeopardy.