Credit Card Debt

December 25, 2013

Credit card debt seems like it is a problem that keeps affecting more and more people each year. According to the VIP Forum analysis, only about 48% of credit card holders owe less than $1,000.00. It is very important to work at keeping your credit card debt to a minimum. If you have credit card debt you are living beyond your means or something could have happened in your life such as a medical issue, divorce, death, etc. Most credit card companies charge extremely high interest rates on purchases you make. Also, there might be finance charges that you pay just for using the card. In the end, you pay the companies much more for what you buy. Try only putting purchases on your credit card that you know you can pay for at the end of the month. This way you can continuously pay off the balance on the credit card each month and keep the extra charges to a minimum.

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