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

Credit Card Debt Videos
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http://www.FreeDebtExam.com '>http://www.FreeDebtExam.com http://www.Debt-Professor.comT... 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 http://www.FreeDebtExam.com '>http://www.FreeDebtExam.com

Channel: Howto & Style
Uploaded: November 30, 1999 at 12:00 am
Author: DebtProfessor

Length: 03:10
Rating: 3.9189188
Views: 28811

Tags: why  it's  so  hard  to  get  out  of  debt  the  power  interest  rate  what  chase  bank  america  discover  and  capital  one  do  make  money  

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Video Comments

Debtmasters2010 (November 30, 1999 at 12:00 am)
Aaron is right we all need to reduce or eliminate our credit card debt. His debt exam is a great idea to see where you're at financially. If you're comparison shopping for debt settlement companies check out the link in my profile.
ThePeoplesLawSchool (November 30, 1999 at 12:00 am)
Good info. For more information check out our credit card cartoons.
heavyneptuno (November 30, 1999 at 12:00 am)
RIDICULO!
407buddy (November 30, 1999 at 12:00 am)
Gov't Data is a lie and a fraud in cahoots with the Blankfein's ofWallStreet, manipulating the "American free market", credit swapshigh frequency trading, flash orders, naked short selling, cdo'sGoldman and Obama are in bed, Summers, Benanke, Geitner are frauds Jobs exported your labor de-valued to Zero to screw you into debt Walk away from your CC cards and (underwater) mortgages FICO scores are a scam to enslave you and keep you in debt Get out off paper.Don't be sheeple. Fight back!
theenforcer1977 (November 30, 1999 at 12:00 am)
Credit Cards are worse than loan sharks I would rather deal with the mafia.
sniperontheroof123 (November 30, 1999 at 12:00 am)
The other problem here I think is lack of savings. When you are single, you can basically keep all of your money so even with a fairly low paying job you can probably make ends meet and have some left over.When you choose to have a family, you are taking on a large risk if some harm comes to them and you aren't prepared to handle it.
RAWRimaTIGURRx (November 30, 1999 at 12:00 am)
you missed the whole point of the compounding interest yes you pay a mimimum of 1 percent on principal each month (assuming minimum payment) if you have a )% intrest it would take 100 months to pay off. Each month they add interest U then have to pay new interest on the last month interest hence the term compounding interest
jerricette (November 30, 1999 at 12:00 am)
stop buying stupid things on credit! If you cannot afford it, DON'T BUY IT!
LivingSuccess247 (November 30, 1999 at 12:00 am)
With the New Year creeping up on us faster than most of us would like, I cant think of a better way to start off the new year than learning how to pay off credit card debt.Join the New Years Resolutions Extreme Makeover Telesummit today by clicking on my name above in blue (LivingSuccess247)
TVXQHistory (November 30, 1999 at 12:00 am)
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.

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