Juggling more than one debt (student loan, credit cards, personal loans, mortgage) can be quite confusing. This may lead to the inability to manage credit card bills and eventually, defaulting on payments.
Los Angeles-Long Beach, CA (PRWEB) June 06, 2013
National Debt Relief, the leading company that provides debt settlement services, added another article to promote debt education. This time, the focus is on credit cards.
Credit cards are currently on the third spot when it comes to the highest debt in the country. It follows mortgages and student loans on the list. Unlike the first two, National Debt Relief believes that credit cards are most destructive and does not have any potential to do consumers any good. Both mortgages and student loans contribute to the personal wealth and growth of consumers - but that remains to be untrue for card debts.
This belief led the debt relief company to publish the article that teaches their readers to manage their credit cards better. Their hope is that through this debt education, card holders will make smarter choices about their purchases and card usage.
In an article entitled “How To Better Manage Your Credit Cards,” the article begins by illustrating the debt scenario of most Americans. Juggling more than one debt (student loan, credit cards, personal loans, mortgage) can be quite confusing. This may lead to the inability to manage credit card bills and eventually, defaulting on payments.
The article encourages consumers to be aware of the basics of credit cards so they can manage it better. This is needed to take control of the cards. Things like the minimum payments, grace period and the billing cycle must be understood. For instance, the minimum payment is the amount that must be paid every month. The consumer is allowed to make higher payments but not lower than this amount. The article continues to define the other two for their reader’s benefit.
The next advice from National Debt Relief calls for a more controlled spending. Impulsive spending is bad for the budget and when it is partnered with credit cards, it becomes a catastrophe. The convenience of card spending prompts the consumer to make irresponsible choices in their purchases.
The article also encourages consumers to time their purchases with the billing cycle. This is actually quite clever and if done correctly, can result in the elimination of interest rates on credit cards. For instance, if the due date is on the 10th of the month, purchases should ideally be made on the 11th or 12th of the month. That way, the due date is a long way off and the consumer has time to save up for the payment. If the credit is paid off within the grace period, it will not be imposed with finance charges and interest.
These are only a few of the things that consumers can do to practice better credit card management.
The debt relief company also encourages consumers to get debt help if their credit card debt has gone out of control. The article cites many options like credit counseling and debt consolidation loan. Debt settlement, the main service offered by the company, is among the options that is being endorsed in the article.
National Debt Relief is accredited by the BBB (Better Business Bureau) and is a member of the AFCC (American Fair Credit Council). All their debt experts are certified by the IAPDA (International Association of Professional Debt Arbitrators). This proves that their clients are in good hands should they choose to go with this company for debt help.
To read the whole article, visit the website of National Debt Relief. Read through the rest of the articles to know more about debt relief options.