Credit Repair Information, FREE Credit Card Application Center, Low Interest, money back guarantee, debt consolidation, and website credit!

Credit Card Offers

0% Balance Transfer 0% Balance Transfer
Credit Cards for Bad Credit Bad Credit Credit Cards
Credit Cards for Bad Credit Pay Day Loans
low interest rate credit cards Low Interest Cards
cash back and rewards cards Cash Back & Rewards
airline mileage credit cards Airline Mileage Cards
business credit cards Business Credit Cards
student credit cards and information Student Credit Cards
Auto & Gas Cards
 

MasterCard Cards
Citibank Credit Cards
Chase Credit Cards
American Express
Discover Credit Cards

Extras:
Credit Cards for Bad Credit
Student Credit Articles
Credit Cards for Bad Credit Mortgage Calculators
Credit Cards for Bad Credit
Tax Help Information
Credit Cards for Bad Credit
Consolidating Your Debt

Credit Card Issuers

- Chase Bank Credit Cards
- Citi Bank Credit Cards
- American Express Cards
- Discover Credit Cards
- Mastercard Credit Cards

 

Special Credit Offers

Credit Repair
Earn a College Degree
Background Checks
FREE Cash Advances
Free Credit Report
Get a Car Loan
Are You Single?
Lose 20 Pounds Now!
Life Insurance Quotes




Why You Should Avoid High Balances 


By: Larry Goldberg

High credit card balances are not a good thing to be toting around. Being deep in credit debt can be a place that is hard to climb out of, and there are lots of reasons you should avoid putting yourself in that position. Lets go over a few:

1. It can make you look bad. Owing lots of money to different credit card companies does not reflect well on your credit report. About 30% of your credit score is based on your credit debt, and the more you owe the lower your score will be.

2. Youre blowing a lot of money in interest. Your high credit debt is generating lots of cash for the credit card company, and this is money that could be going to your principal balance. The bigger your balance, the more money the credit card company is taking from your pocket. You may want to consider a balance transfer to a card with a lower interest rate.

3. High credit debt can affect other purchases. If you already owe a lot of money on your credit card, it can be difficult to get approved for other financial endeavors, like purchasing a new car or home.

4. Its hard to pay more than the minimum payment. As your balance increases, so does your monthly minimum payment. With many credit cards, when you pay just the minimum payment, most of your hard-earned cash is going toward interest rather than your principal balance. This makes it increasingly difficult to pay down your debt, which leaves your high balance intact. Its always a good idea to pay more than the minimum payment so more money is going to your principal, but having a high balance can make this very difficult for some people.

5. It becomes easy to despair. High credit debt can be very overwhelming, and being reminded every month of how much you owe can lead to despair. Nobody wants to feel this way, so its better to not fall into that high balance rut.

Remember, its best just to steer clear of racking up those high balances on your credit cards. Its easy to do it, and hard to undo it. Balance transfers can sometimes help a high debt situation by offering lower interest rates, but get all the information you can first. Making wise and informed choices is the best thing you can do to avoid high credit debt.




EXTRAS: FREE MORTGAGE CALCULATORS - CLICK HERE

More Helpful Articles >>>


Student Credit Cards Promotion

More Student Credit Card Articles >>>


I have saved hundreds of dollars on interest alone. Also I didnt have to file for bankruptcy, so that was a plus without a doubt. Thank you, LetsGetCredit for being there when I needed help.

S.C. Dallas, TX

I was dangerously overburdened with credit card debt. Though legally I could have declared bankruptcy, I felt it would be more proper to find a way to pay off these debts. Through your organization, I was able to pay off my debts and manage my income more effectively.

S.K.G. Glenview, IL

LetsGetCredit.com has given me hope. I can see the light almost at the end of the tunnel. It has also given me the insight as to how to stay out of debt in the future.

A.W.S. Winston-Salem, NC

More Testimonials >>>



Earn Your Degree NOW! - Earn your Degree Now and Enhance Your Career. Flexible Online and Campus Programs Available. Request Info Today. It only takes A Minute. Earn your DEGREE on your own terms...

GET CASH INSTANTLY - - Apply For a Fast Pay Day Loan Up to $1500! Get the Cash you need by TOMORROW! Apply Now!

FREE Credit Report - What does your credit score say about you? Get your credit score instantly! The average U.S. credit score: 675. How do you compare?

Apply for Unsecured Credit Now - Apply now for unsecured imagine gold mastercard credit card. Three financial offers in one application, credit cards and cash.

Additional Offers >>>


  • Cancelling Your Credit Cards - Canceling credit cards is not always a wise option. You may think it will improve your overall credit report score; however...

  • 0% APR Saves You Money- If you have a credit card, which most of us do, then youre probably paying your fair share of interest on your debt.

  • Your Credit Score - Just how important is your credit score, you may ask? Well, it is very, very important. Your credit score is the main thing that will