If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
13 years to repay $1,000 card debt 30 January 2009
A $1,000 credit card debt could take 13 years to repay and cost a total of $1,120 in interest at 18 per cent if the cardholder only repays the minimum amount required by the card issuer. Credit cards are the easiest way to borrow money but also the most expensive said Delia Rickard from ASIC. Rickard said consumers should be getting themselves into a financial position to ride out rough economic times ahead in 2009.
