This is a guest post by Michael Edmondstone.  Michael is a freelance journalist who covers a variety of topics but keeps coming back to his passion for personal finance. He currently lives in London where he writes for a number of publications.
For most people, acquiring some debt is inevitable as they go through major life changes. Financing an education, buying a car, and becoming a homeowner are some examples of “good†debt; that is, debt that either enables you to advance in your career or debt that is projected to bring you positive returns in the long run. However, there’s another common kind of debt that many people have but most are in denial about — credit card debt.…