Tag Archives: credit card debt relief
How To Kiss Credit Card Debt Away
Credit card is one of man’s greatest inventions; however, this is also one of man’s greatest burdens. Basically, credit card companies charge an interest of 3.5% monthly. If we multiply it into 12 months the interest would reach up to 42% per annum. If we use the Rule of 72 (for further information about the Rule of 72, read the post which I have made entitled “How to use the Rule of 72 to Wisely Manage Debt”) we can also find out that the debt incurred through credit cards will double itself every two years. Now if you have a credit card debt of Php. 20, 000, after two years it would grow to Php. 40, 000.
Does the Credit Card Debt Survival Guide Show You How to Legally Eliminate Credit Card Debt?
Credit card debt elimination by non-payment sounds too good to be true, but it is true. Mel Thompson, the author of the Credit Card Debt Survival Guide, who put his credit card debt behind when he could not pay it, shares the techniques he learned from lengthy research into consumer protection laws and other people’s first hand experiences.