Monday, September 8, 2008

How bad is your Credit Card Debt?

How bad is your Credit Card Debt?

Tens of millions of Americans suffer from credit card debt. And as you can imagine, many are worse off than others. What group do you fit into? There are some who do not have any credit card debt, some that have a little, and some that have too much to handle. Hopefully, you do not have any credit card debt and your finances are in good standing. But of course, this is not the case for everybody.

You will know when your credit card debt is bad. Unfortunately, most people never find this out until they are in too deep. Instead of letting this happen to you, why not vow to keep your credit card debt at a level you can easily handle?

Do you pay the minimum on your credit cards each month? If so, there is a good chance that you are in too deep. Simply put, if you can afford to pay more than the minimum you need to do so. Remember, interest begins to pile up month after month; this is especially true if you have a high rate attached to your card

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Life Takes Visa

Life Takes Visa

In my experience Visa is the most widely accepted credit card on the planet.  I am not even going to look at any numbers or marketing data, I am talking about real life situations where I have walked into a store and they either only take Visa or Visa is one of the cards they take along with a group of others.  In all honesty a Visa card is the only kind of credit card I have ever had, if you don't count store credit cards and even those are sometimes administered by Visa, and I have had a lot of credit cards in my day.  But I find that having the most widely accepted credit card in the world is a lot more valuable than not having it.  Plus I get it through my credit union at a single digit interest rate so it is a great deal too.

I cannot think of a marketing line that is more appropriate that the Visa line that says "Life Takes Visa."  In my years of experience, my miles of travel, my dozens of vacations, my Visa card has been accepted everywhere I have gone and I have never had a problem using it.  I guess it just goes to show that sometimes, if an ad agency really looks at what they are writing about, the commercials can sometimes just write themselves.

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