Are credit cards evil? Do you need to restructure debt or were refused a loan? If so, this episode is for you.

If you're a parent looking for smart money advice to pass onto young adults as they enter the workforce, our podcast has a checklist of do's and don'ts.

Respected credit card expert and consumer advocate Beverly Harzog is our guest. Beverly hasn't just talked the talk about maxing out on debt, she's walked the walk. In her best-selling book, “Confessions of a Credit Junkie,"she tells her personal comeback story.

Three out offour Americans say they're struggling to pay off loans. U.S. credit card debt is above $1 trillion and rising - now at its highest level since the 2008 financial crash.

The average credit card debt per household is nearly $10,000. Because most cards come with very high interest rates, this is one of the worst ways to borrow money.

Beverly explains why.

She also explains the importance of compound interest, the difference between good and bad debt, plus examples of when it makes sense to use a credit card.

Need more honest advice about debt? Visit The National Foundation for Credit Counseling is the nation’s largest and longest-serving nonprofit financial counseling organization.

Find more information, advice and articles at www.beverlyharzog.com