Debt Solution Blog

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Don’t make only the minimum payments. This stretches out your payment and, thanks to the interest, significantly increases your overall cost. Don’t carry too many cards, multiple cards make it easier to add up debt because it’s harder to keep track of your spending. Having lots of cards isn’t necessarily bad for your credit, but misusing them is. Limit your plastic to two national cards so you can manage your credit carefully. Don’t miss payment due dates, not only will you be hit with a late fee on some cards, but your interest rate could also jump. Use online banking or pay over the phone if you can this will help you keep those payment dates. There may be a processing fee, but it will probably be less than the late fee or the possible interest-rate hike. Don’t take cash advances, advances generally come with sky-high interest rates and service fees, making them a far too expensive way to get cash. Try to stay inside you budget as much as possible this will help you Control Your Debt.