How To Avoid Paying Interest On Credit Cards

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How To Avoid Paying Interest On Credit Cards
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Avoid paying interest on credit cards
Avoid paying interest on credit cards can help
build an emergency fund and strengthen your
financial statement. We are not talking about
free lunch here. After all, all loans carry
interest charges.
Credit cards are the worst-best financial
productthey give you great convenience and
security, and they can ruin your finances and
push you towards bankruptcy. So, how you
navigate that thin line between financial
security and financial disaster is imperative.
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Credit Debt Is Expensive

• Credit card issuers charge you an annual
  percentage rate (APR) for using their card. The
  APR can be between 15 and 29.99 percent. Credit
  card debt is expensive, and it can ruin your
  finances.
• For example, if your credit company charges
  27.74 APR and your outstanding balance is
  9,333, which is the average credit debt American
  consumer has, it will take you 14.5 years to pay
  it off if you dont make any additional
  purchases.
• By making a monthly payment of roughly 220, you
  will end up paying 28,655 worth of interest
  alone.

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How Do You Avoid Paying Interest?
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Heres How It Works
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Common Mistakes
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