Visa is the new Mafia and you’ve been marked for death by debt. You remember that class in high school about how to manage your credit cards? Neither do we. With no education available and most consumers first establishing credit around the same time you can buy alcohol it would seem the system was set for us to fail and be in this huge economic deficit. 80 percent of America is engulfed in credit card debt…Meaning; youre not alone and its not your fault.

Credit card debt can become a vicious circle thats hard, if not near impossible, to get out of. Increasing interest rates and delinquency fees add up quick and if you’re making minimum monthly payments with these combined rates and fees you probably aren’t seeing your balances go down each billing cycle. Creditors have established the minimum monthly payment amount to maintain consumers in staying current with their credit card payments but never really paying the balance down. This method keeps consumers paying on a debt for 15-20 years and usually adds up to three times the amount originally owed.

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