The Keys to Avoiding Credit Card Debt Credit Card debt is something that can creep up on anyone. In an economy where consumers and businesses are often encouraged to borrow in order to pay their expenses, it's sometimes difficult to realize when a missed payment here & there, or a carried over balance can be leading to a serious debt problem. Here's 3 indicators that you may be getting into cc debt. 1.) You are unable to pay your balance every month. In an ideal situation, only put as much on the credit card as you can afford to pay off. Attempt to pay off your credit card balance every month in order to avoid interest payments & building up a balance. 2.) You find yourself missing payments If you are unable to make the payment every month, even the minimum, try to cut back on your cc spending. Taking out a consolidation loan or asking your grandparents for help may be a humbling, but very helpful step. 3.) You are unaware of your credit card balance This is by far the most damaging of the three. Always make sure you know how much you have left on your credit card and what the balance is. This way you can easily avoid overspending, fraud & going over your limit. Many credit card holders fail to follow this simple rule of having a credit card and end up making mistakes that could have very easily been avoided.
