Tag: Credit Card Debt
Credit card debt is a widespread problem in the US: an estimated 29 million Americans have carried a credit card balance for more than two years, while 1 in 4 do not regularly pay off their balances each month. In total, Americans owe nearly $784 billion to credit card companies, while individual households owe an average of $17,000.
There’s no need to fret if your credit score is in rough shape. There are many ways to boost your score – just remember that it takes time. And even though some bad marks stay on your report for seven years or more, the weight these factors are given diminish overtime. Fixing your credit is just a matter of making smart financial decisions.
Have you ever thought about starting your holiday shopping in September? New Era is going to highlight the benefits of spreading out your holiday spending so you can spread plenty of holiday cheer!
While some households earn sufficient incomes to pay off their debts within a reasonable timeframe, others would face a lifetime of financial hardship if they chose to tackle their debt with traditional month-to-month payments.
