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Old 03-20-2011, 01:37 AM   #1
orotectm
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Default Boss Belt Tips For Credit Card Advice_2479

And what if you are holding multiple credit card debts and it seems impossible to clear off the bills? Then you probably need to consolidate all your bills so that you can service your debt in a lower interest rate. But you have to know that you are actually paying more than you owe due to the extended consolidation period and the accumulated interest rate. So, it is wise that you leverage on the consolidation and look for ways to clear your credit card bills as soon as possible.
Now, please understand that you are actually using money from the future when you are charging your credit card. Then, here is a question for you, "What's the future you want to build for yourself?" If you want to have a future that is full with debt, why hold your card? Just buy anything you like. But when you want to have a debt free future, you have to learn to buy things that you can afford. Who cares if you are not carrying branded handbag or using the latest cell phone? The most important thing is that you aren't being slave to credit card bills.
And to properly manage your debt, you need to be clear about the interest rate charged on you. Many card holders ignored the interest because they thought it doesn't carry much weight on their bills. It might be insignificant when you have a small amount but imagine you are carrying $5000 debt and the interest is 10%, then your total bill will be $5500. You are paying an extra $500 for nothing. Can't you see the damage you have done? No wonder your wallet is getting thinner and thinner by the month.
Lastly, you can look into the low interest credit cards if you are in great need of a credit card despite of your tight financial budget. There are financial agencies which offer interest as low as 7% base on different packages. However, you have to be cautious when you are signing for these low interest credit cards because some of these offers might only last for certain period or amount. So, you need to be smart and look at the terms and regulations before you accept the offer.
Credit card debt is starting to affect a lot of people worldwide. Instead of clearing their bills, more and more people are building new debt with their credit cards. For some reasons, a lot of people believe that they will have ways to pay for their bills at the end of the month. If you are one of them, you should know better that that hardly happen.
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So, what advice do you expect to see here?
There is no better tip than to ask you to spend wisely. It might sound old but do you remember how did you fall into this credit card debt? You must have spent uncontrollably at certain level. It is true that you have to spend on things that are over your budget during emergency. If that is the case, can you adjust your spending habit until you have cleared what you owe? You can get into a lot of trouble bringing forward your debt to the next month.
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