By Musa Aykac
 As financial instability looms over the whole world, people are getting more conscience and anxious on the spending habits, that they have for so long been living with. People have constantly been spending funds on there credit cards, and now they are struggling to pay them back. What sometimes looks as free money has devastating consequences if you overspend. Here are a few ways in which you can use, to help yourself coping with credit card debts.
First and foremost you should take a seat at your computer and open an excel program. If you have multiple credit cards, then you should take your time to write down each one, and list information such as the card name, the outstanding balance and when the minimum payment is due.
You should then open a separate file and jot down all the sources of your income; you should not ignore even the most minimal amount of income, as this could cover your monthly minimum repayment for your debt.
Next you will have to sit down, either on your own, or if you have a |
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By Dee Power
 If you have above average credit, you probably have at least one no fee credit card. Credit card companies reward individuals, who have good credit, with this type of card. Should you be appreciative? In a word no.
All credit cards have hidden fees. Financial institutions issue the cards to make money. Money is made on both sides of the transaction. The merchant pays a per sale fee and a percentage of the total sale as well as a monthly service fee. And of course the consumer pays fees as well. These hidden fees alone add up to millions of dollars each year. Some of them include:
Cash advance fees. There are very few credit cards that don't charge for obtaining cash from an ATM. In reality, these cash advances are considered loans. So, not only do you pay a fee for withdrawing the money but you are charged interest from that moment on. Rates vary, but typically range from 3% to 24%. Your payment usually goes to pay off the balance first before any cash |
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