3 Big Credit Card Debt Mistakes to Avoid This Fall
Thursday, 12 September 2024, 10:44
Understanding Credit Card Debt
Fall can bring financial challenges, and credit card debt is a common issue. Here are three major mistakes to steer clear of:
Mistake #1: Ignoring Interest Rates
High-interest rates can escalate your debt. Always check your rates before making purchases.
Mistake #2: Making Minimum Payments
Only paying the minimum amount due can extend your debt period significantly.
Mistake #3: Using Credit for Non-Essentials
Relying on credit for unnecessary purchases can lead to financial strain.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.