Ads
Seven steps to destroy credit card dependence
According to the latest estimates, Americans are now carrying $683 billion in revolving credit card debt – the outstanding unpaid balances on which people pay interest! And worse, according to a report by Cambridge Consumer Credit Index, only 13% of Americans with an outstanding balance could afford to pay more than half the balance. Moneycentral.msn.com reports:
If you’re overwhelmed with debt, the economy is giving you some breathing room now. Take advantage of the upturn to liquidate your debt. The next time around, you might not have this opportunity. There’s still a push in Congress for more stringent bankruptcy legislation. And if interest rates start to rise, the burden of variable-rate credit cards and mortgages will become heavier to bear.
Read more: Trapped by debt? Free yourself in 7 steps
--
Did you enjoy this post?
Comments
"Americans are now carrying $683 billion in revolving credit card debt – the outstanding
unpaid balances on which people pay interest!"
That is a huge amount of money. I think
that the american people should start to get some lessons about sprituality. The american
life style is too much fashion oriented.
Posted by: Razib Ahmed | Apr 30, 2006 1:40:32 PM
Post a comment
« Man uses stolen credit cards for Internet shopping spree | Main | The CBFC route to getting a good credit card »
Syndicate
Comments