Jan
22
Time Is Not on Your Side When It Comes to Credit Debt
ByTHE decorations have been put away, and mailboxes are now filling with credit card bills instead of holiday cards.
If you binged on gifts and entertainment in December and your card balances are higher than you were expecting, it’s important to make a plan to pay down the debt as quickly as possible, credit experts say.
“Don’t put those bills aside, thinking they’ll look better if you come back to them later,” said Bruce McClary, spokesman for the National Foundation for Credit Counseling. When it comes to paying down high-interest card debt, he said, “time is not your friend.”…
Time Is Not on Your Side When It Comes to Credit Debt
