Tuesday, September 9, 2008

Stop the Debt Cycle - Avoid Credit Card Debt With These 3 Simple Tips

When you are deep into debt and trying to dig your way out, one of the first actions you need to take is to stop the debt cycle and avoid adding more credit card debt to your existing balance. You work hard to pay the minimum payment due -- and hopefully pay some extra money towards the balance as well -- to bring your balance down but, then you end up charging purchases on your credit card and just increase the balance even more than it was before. Then the cycle of paying and charging repeats. At this rate, it may seem like an endless battle. However, the following tips will help you to break the cycle and become debt free.
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