Women Who Rock with Success
Women Who Rock with Success is a networking diogital magazine for professional women. Women Who Rock with Success features Entrepreneur and CEO Katrina Ruth for the month of January. Januray is our Women Super-Bowl month.
Women Who Rock with Success is a networking diogital magazine for professional women. Women Who Rock with Success features Entrepreneur and CEO Katrina Ruth for the month of January. Januray is our Women Super-Bowl month.
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Every credit card statement is required<br />
by the Credit Card Accountability,<br />
Responsibility, and Disclosure Act (CARD)<br />
to explain how long it will take to pay<br />
down your debt <strong>with</strong> just making the<br />
minimum payment. Take notice of this<br />
part of your statement. Knowing how<br />
long it will take you to pay off just one of<br />
your credit cards may be an eye-opener.<br />
If you have multiple credit cards in which<br />
you are only making the minimum, think<br />
about the magnitude of debt you could<br />
be incurring. You Use Balance Transfers Too<br />
Oft en<br />
There are some benefits to balance<br />
transfers. Taking advantage of 0%<br />
interestor lower interest rates can be<br />
helpful if you intend to play by the rules<br />
and regulations to keep these perks.<br />
However, there can be some downsides.<br />
If you are regularly using balance transfers, you<br />
could be racking up even more debt.<br />
Consider balance transfer fees which, depending<br />
on the amount you are transferring, could be<br />
exorbitant. For, example, the average balance<br />
transfer fee is 3%. If you have a $20,000 credit card<br />
balance it will cost you $600 to transfer. Balance<br />
transfers will not deter a spending problem.<br />
Moving balances from one credit card to another<br />
will only free up more credit. This may tempt you<br />
to use the card which creates more debt. Think<br />
carefully before deciding to transfer balances as it<br />
can become a vicious cycle of mounting debt!<br />
Recognizing the warning signs of unhealthy<br />
financial habits is the key to making changes on<br />
how you handle your money. For more<br />
information about getting out of debt and staying<br />
out, contact Tayne Law Group, P.C. Our debt relief<br />
lawyers are happy to answer any questions you<br />
may have.<br />
ht t p:/ / at t orney-new york.com