Regrettably, making the payment that is minimum a credit card will not do quite definitely for paying down financial obligation. The minimum payment gets eaten up almost entirely by the interest in most cases. With respect to the rate of interest associated with card, you might be having to pay as much as 25per cent on interest alone. In a situation where that debt will never get paid off if you continue to purchase things on those cards, you are putting yourself.
Determine the length of time it will require to cover your bills off for products. Credit: Shutterstock
I got my first credit card when I was 18 years old.Read More›