credit card Debt

A detailed Summary of credit card Debt


Almost everyone in the world has the viral, very serious contagious disease known as credit card debt. I unfortunately am one of those not so smart people that max-out their cards, and don't have enough money to pay their bills. Not having enough money to pay your bills causes late payments, which hurts my credit. Everything that I just mentioned I consider my self an expert cause I have experienced all of them.

When I turned 18, I made the worst mistake of my life. I applied for a Master Card. To this day, I still wonder why that Master Card gave me a $1,000.00 Credit limit. The day that I received my card, I went out and charged a Kenwood cd player for my car. Even though I had absolutely no money in my bank account, or the money for the bill, I still charged $343.00 for my very first purchase.

In a website written by "Debt solutions"1. I found some useful information that it states that the average credit card balance in America is $7,000 with the minimu


Some methods that I found that would be useful that john writes in his website. He says that Take out a small sum of every paycheck and that should be enough for at least the minimum payment for the monthly credit card payment. Another sure-fire method that he mentioned was to get a second job. Use the money from the second job just for your payments that you are in debt with. I feel every cent counts when I am trying to save for those damn credit card collectors. Simmons, john; "sure fire ideas for debt free living" Currently my own strategy is to disguise my own voice just so I don't have to talk to them over the phone, I find that it works wonders when I don't feel like talking to the wretched collectors.

m monthly payment; it would take the person 25 years to repay the full amount. "Credit card Solutions"1 also stated that Credit card companies solicits the average American 7 times a year through the mail, also the average household has 10 credit cards.<

Some common words found in the essay are:
Report Digging, Master Card, , credit cards, credit card, American Express's, debt free, money pay bills, soon debt free, credit card companies, money pay, card companies, pay bills, digging debt, soon debt, master card, found useful,

Approximate Word count = 650
Approximate Pages = 3 (250 words per page double spaced)

Category: Miscellaneous

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