I had to Share It

One way people geting more and more in debt is Credit Cards and not just because we use them but because we create an balance on them.

And as most of us know by now interest rates on a credit card are HIGH way to high. Most of my credit cards charge around 19% interest and that is just insane.

If you have credit card debt then maybe you should go talk to your bank and see if you can open a normal loan or line of credit. Interest rates will be much lower and should be below 10% and that means by doing that you save 9% every month.

My advice pay of you credit card every month when the bill comes. Just use the credit for emegencies and other wise just teach youself to use you credit card as a debit card with extra’s. I love the free stuff like airmiles that you get on a credit card but I pay my bill of as soon as it hits my mailbox.

This entry was posted on Wednesday, October 8th, 2008 at 11:11 pm and is filed under Money Saving. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.