Pay Off Your Credit Cards ASAP
One of the biggest mistakes people make are running up high credit card debt and
then finding themselves in a financial pinch and unable to pay the large monthly
payments that have built up.
It is very easy to create a bad...
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Pay Off Your Credit Cards ASAP
One of the biggest mistakes people make are running up high credit card debt and
then finding themselves in a financial pinch and unable to pay the large monthly
payments that have built up.
It is very easy to create a bad situation by not using
your credit cards responsibly.
Sometimes impulse purchases seem harmless, but
they add up quickly and can soon leave you in a heap of credit card debt.
With the
high interest rates that most credit cards come with, it can make paying down a
balance very hard to do, especially if you are just making the minimum payment
every month.
The credit card companies want you to make that minimum payment
each month; that is how they make their money.
By just paying that small payment
each time it can stretch the payout period over several years!
If you run up a large balance and make a payment late, even just one day late, the
credit card company can bump your interest rate up to as high as 29.
99% and that
can make you
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