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Top 10 Credit Card Debt Facts

For many Americans, a significant amount of their monthly paycheck comes from paying off their credit card debt, and you shouldn’t feel too guilty about that either. In fact, if you are the type that has to carry a balance on your credit card and at the same time use all your other funds when the bill comes, you shouldn’t be paying off your credit card debt any differently. Here are 15 of the top 10 credit card debt facts.

It gets worse. According to a survey of 2,600 adults conducted for The Wall Street Journal/USA Today, about half of those surveyed don’t have enough money on hand to cover their monthly payments. Additionally, these consumers often default on their payments when $300 or more is required to cover the first $500 of interest. And according to a study by Chernown v. Maryland, only about 10 percent of credit card holders are working to pay off their credit card debt.

It really is that poor financial management that puts you at increased risk for debt accumulation, not to mention higher rates of interest and penalties and increased charges that lead to late, missed or missed payments. Why? Because the problem isn’t even the accounts themselves. Rather, the problem is the payment systems and practices that are caused most people to default on their own money.

Unfortunately, the simple fact is that you don’t need to be debt free in order to pay off your debt. Being self-motivated is very possible. The solution is to obtain a debt consolidation loan (also known as a secured loan) that will provide for your monthly payments to your creditors.

You will need to keep track of your bills, write a list correctly and stop increasing your bills by subtracting your specified payments. You can do this by selecting a budget that includes an allowance for minimum payments and adding the money you currently owe toward the budget each month.

If you are aware that you are not doing much good financially, you may be better off to clear your name out as quickly as possible. Otherwise, you will never be able to enjoy the financial freedom you’d so desirably desire.

Top 10 Credit Card Offers With Credit Cards For People With Bad Credit

If you haven’t looked into the options available to you, there are a number of them that just might be worth your while. Since there are so many choices of credit cards available today, why not start researching and get all the benefits you might need in the future? What are some top 10 credit card offers with bad credit?If you have a very bad credit rating, there are many offers available to you. But, before you get an offer at these very low interest rates, check what the credit card company may charge you for your services.If you already has a bad credit rating, there are a number of credit cards for you to choose from. You will need to combine that with many offers and you could find yourself paying for a significant amount of your monthly budget out of pocket. If you are confused about which cards are right for you, there are a number of them for you to choose from. If you are just starting out looking into the growing market, make sure you visit the bottom of this article to learn the secrets that can help you out.What are some top 10 credit card offers without bad credit?If you’ve gotten caught up in the credit card debt, there may be some that will help you get caught up to date. But, before you get an offer, make sure that you are looking into exactly what is available when compared to what’s available to pay off your credit card balance. On the other hand, don’t let that lead you into a situation that is not in your best interest. Try getting a new credit card. This is because these services are meant to provide free of charge, which means that they can provide a lot of special benefits to their clients. These companies can offer these benefits to their clients without putting any strings attached. What these credit card companies do is offer customers free credit that is truly out of pocket. However, this same credit card company can also put these clients on a tight financial hook due to all of the things that they give.