Drug testing

Credit Card Debt: One Way To Avoid It

One of the biggest problems people have in these modern times is Credit card debt, and worst is USA. Simply because there have always been so many laws and regulations before you could have a card in the rest of the world, you can't for instance borrow someone elses card and go shopping because you always have to show some ID before they accept cards in Europe.

Credit card debt is an ever growing problem in the U.S. Countless American's are finding themselves in a financial bind because of their over spending habits. Credit cards are a dangerous convenience to those who tend to impulse buy.

Recent statistics in regard to credit card debt are staggering. According to The Motley Fool Credit Center (http://www.fool.com/ccc/secrets/secrets.htm) total U.S. consumer credit debt has reached 1.7 TRILLION dollars. Collectively, these card holders pay over 50 BILLION dollars in finance charges, every year.

It is said that, on any given day, approximately 78% of the nation's population would qualify for some type of credit. More than 1.3 million of these card holders will file for bankruptcy, each calendar year.

Credit card companies are as lenient as they can afford to be when it comes to issuing new credit cards and spend MILLIONS of advertising dollars, each year, singing the praises of their specific offer.

They count on the fact that the majority of card holders will, indeed, possess an impulse buying gene. These companies also hope that card holders who apply for a line of credit, to be used only on an emergency basis, will give in when tempted with appealing merchandise.

If you suddenly find yourself struggling with credit card debt there are things you can do that will help to ease your stress and reduce your balances. These common sense steps will assist you in getting your credit card debt, under control.

1. Stop using the cards - this is the simplest way to start reducing your debt. Yes, you still owe for past charges, but cutting up your cards or putting them away in a secure place, will alleviate the urge to purchase things that you don't really need.

2. Stop new credit card offers - It's always tempting to take advantage of a new credit card offer, especially if it is pre-approved. You can easily obtain the forms needed to remove your name from credit bureau lists, by calling 1-888-5OPTOUT.

3. Always pay more than minimum - Credit card companies offer low monthly payments for a reason. The longer it takes to pay off a balance the higher their profit margin. In the long run, you'll be surprised at what a savings this will make.

Credit is a wonderful thing if used wisely. Don't become one of the millions of card holders who are struggling with debt. By setting limits and avoiding un-needed purchases you will stay on the road to healthy credit.

The obvious alternative is to use a prepaid card, that way you can never use more money than you have loaded to your card.

? Gunnar Berglund>br? Gunnar Berglund has been working on the Internet for about five years and run http://www.global-prepaid-cards.com since September 2003.

limousine chicago service
In The News:

Credit Card Traps: How To Spot Them On The Spot!

They arrive in your mail - a conspicuous looking mail... Read More

What is Credit Card and Debit Card Blocking?

Have you ever been told you were over your credit... Read More

What Can Happen to You as a Victim of Identity Theft, Facts & Figure

Is identity theft really that serious? Thousands of people every... Read More

What is a Credit Card?

A credit card allows you to buy things even though... Read More

Will Inquiries Lower Your Credit Score?

What are inquiries?When you apply for credit the creditor or... Read More

Which Credit Bureau Should I Use To Check My Credit Report?

There are three main credit bureaus in the United States;... Read More

Credit cards

If gold medals were awarded for marketing consistency, the credit... Read More

How Businesss Mess Up Their Credit Policies

In "Become the Squeaky Wheel" a book recently published, Michelle... Read More

Negotiating Rates with Your Credit Card Company

Ok, let's face it, everybody hates high credit card rates,... Read More

Avoiding ID Theft and Credit Fraud

Article excerpted from the new book, "How to Do Space... Read More

Comprehending a Credit Report

Obtaining a credit report is an excellent way to begin... Read More

Establishing Credit ? What You Need To Know Part 2

In my previous article "Establishing Credit ? What You Need... Read More

Always Avoid Payment Holidays

Once you've been paying off a credit card for a... Read More

Low Interest Credit Cards: A Thing of the Past?

With interest rates rising, low or zero percent credit cards... Read More

How did a Thief get my Name? Don?t be a Victim of Identity Theft

How do these people get my name? If you have... Read More

10 Ways To Boost Your Credit Score

1. Deleting Errors in 48 HoursThis is the absolute fastest... Read More

New Law Provides Free Annual Credit Report

As of Thursday, December 1, 2004, one-third of Americans will... Read More

SuperCharged Secret 5, Credit Card Utopia

LIVING IN CREDIT CARD UTOPIALet's just take a brief moment... Read More

Make Sure Your Credit Report Is Correct to Improve Your Interest Rates And Lower Insurance Premiums

Did you know that you could make sure to get... Read More

Warning: Todays Non Profit Credit Counselors Are Yesterdays Bill Collectors!

Here's a dirty secret, today's "non profit credit counselors" are... Read More

Building Good Business Credit After Bad Credit

Can you establish good business credit if you have bad... Read More

Repair Your Credit - The Right Way!

How to Repair a Bad Credit Rating?The Right Way!If you... Read More

Credit Damage: Getting Compensated for Your Loss

Until recently lawyers for victims of credit damage had little... Read More

Making Sense of Credit Card Fees

In addition to the APR (annual percentage rate) and the... Read More

Our World Of Credit Cards! Which One Is Right For You

There are not many of us who do not have... Read More

step-dimming fixture street lighting columns Pete's produce ..