Credit card debt is a warning sign that you are not doing well. You never want to have credit card debt.
One-to-three-year car loans are OK. Car loans lasting four years or more indicate that you are buying a car that you cannot afford.
Later in the show, Federal Times senior writer Sean Reilly and I will talk about the prospects for another shutdown, what Congress may next do to federal workers and the state of the U.S. Postal Service.