Why It’s Hard To Get Out Of Credit Card Debt


www.FreeDebtExam.com http The power of compound interest. This is why it’s so hard to get out of credit card debt. If you want free help, take the Free Debt Exam at www.FreeDebtExam.com

25 Responses to “Why It’s Hard To Get Out Of Credit Card Debt”

  1. TVXQHistory says:

    Sadly, it doesn’t take much to rack up 30K in debt. A friend’s son was hit by a drunk driver, she had to max her cards for medical bills for living expense while at his bedside (out of state). These days people lose jobs w/o notice… jobs they’ve had for many years. There aren’t comparable jobs out there waiting for them. People trying to survive bad times run up large credit card debt.
    It’s not just people who have no control over buying shoes or new tech toys.

  2. cg248 says:

    This guy doesn’t know what he’s talking about. Legally, at least 1% of your monthly credit card payment has to go towards principle. So if you don’t use the card and just pay the minimum it will take you 100 months to pay off the balance regardless of the interest rate.

  3. Takeittogo1 says:

    That is why there should be a cap in intrest rates! 3% over prime fixed to the date you bought the item. When was the last time you got 3% on a saving account?

  4. oaktownstomp says:

    And because of that thinking is why banks needed a bail out good job!

  5. DWHold1 says:

    Creditors harassing you?
    In fear of bankruptcy?
    ALPHA DEBT SETTLEMENT will get you the help you need.
    Fast debt relief and have your life back in control in no time!
    Visit ALPHA SETTLE Today!!!

  6. DWHold1 says:

    Creditors harassing you?
    In fear of bankruptcy?
    ALPHA DEBT SETTLEMENT will get you the help you need.
    Fast debt relief and have your life back in control in no time!
    Visit ALPHA SETTLE Today!!!

  7. MopDMTBARTL says:

    The Vatican-Pope-Jesuits-illuminati run the world. they have all the judges, attorneys, doctors, major corporations, etc. all in their back pocket. bought paid for, etc. our country is no longer free -we live in tyranny! truth an obscure thing, Oppression lie is the norm. Were all slaves- our masters, the elite, r at least 50 years ahead of us in knowledge, technology, info., secrets r using all of it against us!

    Go here:
    truthknowledge. com

    Spread it! Time is running out!

  8. mortech100 says:

    o and fyi if your takeing $30,000.00 cash out on your Credit card u need more help than this guy can give lol

  9. mortech100 says:

    there is one that that is true here combound intrest is charged but ONLY on cash with draws and foren exchange fees. thats all the rest of the intrest from your normal shoping is not this way its based on your totaly amount spent per billing cycle. witch means u only get one 29% charge on 30k vs getting 29% intrest charged to that 30k per day (compound intrest) just a quick fix but a nice point just the same gj for the most part

  10. jcost2008 says:

    fuck them dont pay shit.

  11. RILODICKSTEIN says:

    check this out…if you have mandated direct deposit by your job…1.go to tax collecting store (bank) take all the money out as soon as you get paid (every red cent). 2. put it in your pocket. 3. done 4. F a bank!…..land of the free? yeah, as long as you pay for it right.

  12. intj123 says:

    I actually am debt free and have never owned a credit card…. by choice. Everyone thinks it’s a bad thing to not have credit.

  13. Demonyk1 says:

    Another thing that CC companies don’t want you to know is, your regular payment goes to your lowest interest rate firt. What I mean by this. Lets say you pay 18.69% on regular purchaces and you take out a cash advance at 33%. When you send in your payment, it’s automatically applied to the 18.69%. If you want to pay off the higher interest first you have to call up to get their “Special Payment” department address which is usually not at the same site as where you regularly send your payment

  14. fedtheend says:

    now I am taking out a secured card to rebuild my credit rating so I can get a decent job.

  15. fedtheend says:

    for awhile we took in the third roomie. but I don’t think you can do it on your own. maybe you can. I couldn’t.

  16. fedtheend says:

    I stopped paying my cards but then I had to find a roomate with good credit to get into a decent apt. then I saved money, he got off his cards, and now were both in a cash position so we can offer a cash advance to get into a decent apt.

  17. kinkadekrew4 says:

    me 2 i typed in calculater hacks and this poped up lol

  18. Rammshtyn says:

    CASH RULES!

  19. Getoverhere21 says:

    I wrote some random crap and this video came up lol

  20. homer30 says:

    Honestly the rule is very EASY and everybody knows it: Don’t spend more than you can afford. The very DIFFICULT part is self control. It is how you approach the rule that is difficult with all our desires and addictions and temptations, all these things make personal finance difficult.

  21. Rayven10 says:

    Easy way to not get in debt: don’t spend more than you can afford. There.

    And my credit card has a 9.99% rate, which is pointless to me because I pay it off each month. This is also why I’m not swimming in debt.

  22. cwpraisinjc says:

    What world do you live in these days?
    WHO doesn’t have a credit card with at least 19% interest? Too little, too late.

  23. Anothercoilgun says:

    All for money never actually given to you and money simply create by magic. Companies borrow $1 and lend out $100 dollars. If you have balance of $10 they act as if you did them harm when in fact you made them $89 profit – interest on only $1 the company owes. What a joke.

  24. Anothercoilgun says:

    What! Cards start at 12%. You need to wake up.

  25. worthywads says:

    don’t forget the validation code on the back.

Leave a Reply


Chemical Stuff | My Chemical Romance