Credit Card Debt Is Not Just A Problem In The U

Category: Finance, Credit.

Credit card debt can be the source of needless stress in our lives, and has the potential to have a negative impact on your life.

S. it is also increasing in industrialized countries as well. Credit card debt is not just a problem in the U. Credit card debt is also a major issue in a large number of consumer bankruptcies. Students. Credit card debt will make it more difficult to live the life that you deserve. College students are among the most vulnerable to credit card debt.

Students are often offered incentives to apply for credit cards, and some requirements are often waived. Credit card debt is growing faster among students than in any other part of society. With the ability to buy something now and pay for it later can be hard to resist for students, and most are already struggling financially. Interest. The Public Interest Research Group s- "PIRG" Student Credit Card Trap study in 1998 found that most students who received credit a credit card from campus tables had higher unpaid balances than other students who received the credit cards elsewhere and were more likely to roll over their balance from month to month. Credit card companies have started to take an interest in educating credit card users because knowledgeable consumers are much less likely to be overwhelmed by debt, leaving them in a much better position to make their payments on- time and avoid getting bad credit and even bankruptcy. Consolidating credit card debt can be as simple as contacting one of the many credit counseling agencies on the web.

If your already overwhelmed by credit card debt, consider a debt consolidation loan, so instead of having a lot of high interest credit card bills due, you now will have one bill that is due once a month usually at a lower rate. According to the Consumer Action, (a public interest organization) who does a survey once a year of over one hundred credit card companies, card holders can be hit with late fees of up to$ 39 and raised interest rates. Some popular economists are predicting that the rise in credit debt is likely to continue. The increase in credit card debt is rising at an alarming rate. Many people do not realize how debilitating credit card debt can be to their lives.

Read more...

This Credit Card Is A Great Deal, But Could There Be A Better Card For Your Needs - Finance and Credit:

We all know that the financial world is filling up with more and more credit card everyday.

Not Everyone Has Perfect Credit - Finance and Credit Articles:

Not everyone has perfect credit. However, just because your credit history is a little tarnished doesn t mean that you can t get a credit card.

With An Unsecured Debt Consolidation Loan, The Loan Is Not Tied To Any Valuable Assets You Own - Finance and Credit Articles:

It is vastly commendable for you to consider an unsecured debt consolidation loan when yearning for a loan to consolidate your debts. With an unsecured debt consolidation loan, the loan is not tied to any valuable assets you own.