Credit Card Information
Jan 09, 2008Posted by: Cara Barnes
Many people struggle with out of control credit card balances. Despite the
pressure you feel from your credit card burden, you are not alone. Did you
know that Americans have approximately $800 billion in credit card debt?
If you owe an average credit card balance of $5,000 at a standard 18% APR,
the average minimum payment is approximately $125 per month. That seems
manageable, doesn't it? However, if you continue to make only the minimum
monthly payments AND you never add another charge to this balance, it will
take you 26 years to pay back the amount you owe.
Debt Settlement USA is pleased to provide you with some helpful information
about managing your credit card debt.
pressure you feel from your credit card burden, you are not alone. Did you
know that Americans have approximately $800 billion in credit card debt?
If you owe an average credit card balance of $5,000 at a standard 18% APR,
the average minimum payment is approximately $125 per month. That seems
manageable, doesn't it? However, if you continue to make only the minimum
monthly payments AND you never add another charge to this balance, it will
take you 26 years to pay back the amount you owe.
Debt Settlement USA is pleased to provide you with some helpful information
about managing your credit card debt.






