Falling into Debt

It only takes one slip to fall into big debt The rising availability of credit cards is causing it to be easier and more common to owe money. They're everywhere. Credit cards are prevalent wherever we look. The amount of cards floating around is not lacking and it can be hard to keep them at arms length. They are mailed out before we ask and once we receive them, most of us are not fully informed about how they work. 5 Billion Credit cards are mailed each The average credit card holder has 59% of us receive at least one a month year cards 36% 1/2 $59,799 of cardholders don't know how the interest rate on their card is used of Americans do not maintain a budget average US household debt Top card issuers in the US Tips ul. It is important to be well informed about the type of card you are using. Many people get existed. Avoiding this can save you money. Data shows that the more credit cards you have, the more indebted you will be. Try and limit that number to lower debt. American Express IMastercard Visa Discover Card Sources (M MASTRIANI LAW FIRM http://visual.ly/credit-card-debt-america http://www.relbanks.com/rankings/top-credit-card-issuers http://www.scoop.itischoolleader/p/1611132443/2012/04/16/financial- literacy-taxes-and-economics-lessons Founded in 1989