Credit Cards
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Don't Let Credit Cards Rule Your Life
Did you know that the average credit-card holder in this country has ten cards, and the average family owes over $7,500?
That's a record.
And did you know that one dollar of every three in consumer debt is in credit cards?
The fact is, credit card debt is rising faster than Americans' income, and more folks are falling behind in their payments.
So today I'm going to look at:
why credit cards are a problem,
and what you can do to make sure it's not your problem.
Instead of registering for opportunities to get yourself into debt, you should wait until you have the cash to buy something. Having a credit card is nice when you first get it , but after you have maxed it out, it sucks.
The last thing I wish to say is that credit card companies, charge out of the wazzoo in interest. They set a monthly payment amount, and thats what the average person pays. What they dont know is that 65% of that payment is going straight to interest...