Tag: Credit Card Debt
Trying to understand how your credit score is calculated can be a tough task. A variety of sources claim some factors have a greater influence than others, which can add confusion to understanding the best way to utilize your credit cards. New Era Debt Solutions discusses one of these factors and how it can impact your credit score.
Most credit cards come with perks like cashback, travel rewards, and other types of benefits. When you spend enough money, you get a little something back to reward you for using the card. Sometimes rewards can be tough to achieve and may take some time to accrue.
It can be effortless to sign up for credit cards when you need money now, but the stress of repaying it back can have negative effects on your health down the road. How does credit card debt contribute to poor health aside from the stress its puts on individuals?
Spending beyond one’s means seems to be an American tradition. It is quite common for US households to hold thousands of dollars worth of credit card debt. In fact, the average US household carries $17,000 in combined credit card balances – the equivalent of nearly one-third of their annual earnings.