Debt Reduction Advice | Debt Reduction Advice

Credit Card Debt Information

The average credit card debt is actually around $2,200. This is still a lot of money when you consider that the average income is $48,600, but it’s not a dire figure. (more…)

Continue reading...

Get Rid of Credit Card Debt

Credit Cards are the devil. I got my first credit card in college, and there were points where I found myself with nothing in my bank account and my credit card maxed out. I had a credit card because it was my emergency money, and I ended up using it on entertainment (restaurants, movies, games, liquor, everything!). Luckily, I pulled together enough funds within my 26 day grace limit and avoided the 19.5% interest. That is when I realized that credit cards should only be used for the real reason why they are there (or at least what they “market” them to college kids for), to build your credit so that when you need a mortgage or a large loan, you have a good credit history. Here are two reasons why you should always get rid of your credit card debt and pay on time: (more…)

Continue reading...