Personal credit cards have become an institution in today’s economy, but while they can be useful to help people enjoy things they might not otherwise be able to acquire right away, they also open up an avenue to quickly get into financial trouble.
Credit card company solicitation of college students has Pennsylvania officials worried that the lure of easy credit might lead to delinquent payments and financial challenges. Credit in the hands of individuals who might not fully understand the consequences associated with high-interest credit cards.
If you are like most Americans, you have a bit of credit card debt to take care of. In fact, the average household has more than $7,000 in debt, leaving many families unsure how they are going to get out of the hole. No matter how you look at it, there are three general methods for paying down the debt once and for all.