Credit Card Shocker
　　Have you ever looked at your roof rack credit card statement? Im not talking about just making sure that all the transactions are correct.Im talking about looking at the finance charges.I daresay that sometimes that figure is almost as great as the minimum monthly payment youre making.After all,as long as you can keep the creditors at bay by paying the Coach handbags minimum,thats all you care about,right? If you agreed,I urge you to reconsider.
　　Im sure that by now,many of you realize that you lose money by buying on Mulberry handbags credit.Still,I dont think many of you appreciate just how much your credit cards are costing you.Id like to really drive that point home.
　　Lets say that Joe decides he needs new patio jimmy choo purses furniture.He doesnt have the $2,000 cash,so he slaps down his plastic card knowing that he can make the minimum monthly payment,no sweat.And so thats what he does,month in,month,out,year in,year out,and pretty soon hes been doing this for one full decade.Surely its paid off by now! No,not hermes purses even close.In fact,if Joe continues to make the minimum monthly payment,he will be paying for that furniture for the next 38 years! And once he has made the final payment on his original $2,000 purchase,he will have paid chloe purses an additional $5,300 in interest! Pretty disgusting,isnt it? And this is at 14% APR.Many cards run higher.
　　Some of you more savvy chanel bag credit card users out there might be thinking that you already know this,so you dont fall for that trap anymore.You only get credit cards with a much lower interest rate,right? But do you notice that its only for a few months? And do you pay attention to what the interest rate jumps Juicy Couture bags to after that short introductory period? You kind of have to hunt around for this figure since they dont put it in plain view.Believe me,credit card companies are not losing money on these lower introductory rate offers.
　　Credit card promotions are becoming even more devious.Now the credit card fendi outlet companies are offering 0% interest on all balance transfers for up to 18 months! Wow,well,youve GOT to take advantage of that,right? Ill show you three reasons why you shouldnt.
　　First,even though you might be "pre-approved",it is in no way certain that you will actually get this low rate.The Miu Miu bags credit card companies reserve the right to reconsider their original offer based on your qualifications.They will often go ahead and issue you a credit card,but it could be at a substantially higher rate.Dont assume that Emporio Armani Watches what you applied for is what you are getting.
　　Secondly,there are often balance transfer fees that are substantial enough cheap bags to gobble up any savings you might make on a lower interest rate.Transfer rates run anywhere from 3% to a hefty 5%,with a single transaction costing as much as $65.
　　Thirdly,and this is the sneakiest part of all,in order to secure the 0% rate on your transfers,you are required to purchase a minimum amount on Mont Blanc Watches your card for several consecutive months.At first,this doesnt sound so bad.However,the fine print tells you that the interest rate applied to these new purchases Rolex Watches is NOT the same 0% rate,but a different,much higher rate.
　　Whats more,all your payments will NBA jerseys always be allocated to the balance that will earn the credit card company the most money.This means that the balances with the lowest rates will be targeted first,while the balance with the much higher rate keeps accruing and compounding interest month after month.So,if you transfer a large sum in order to take thomas sabo shop advantage of this seemingly generous offer,you will likely be paying on it for a very long time before you ever get around to paying down the mandatory purchases,which are racking up some pretty serious charges in the meantime..
　　And weve only looked at interest rates here.There are also default penalties,late charges,over-the-limit mbt Helth Schuhe fees,transaction fees,ATM fees,stop-payment fees,cash advance fees and annual fees,all of which are on the increase.Over half the states in the union have no limit on what credit card issuers can charge for annual fees and yearly lacoste shirts interest rates.These companies are gouging their customers with charges that are downright outrageous,and unfortunately for us,legal.
　　So how do you avoid falling into these sneaky traps ralph lauren t shirts that the credit card companies set? If you are lucky enough to not be playing the losing game of credit card roulette,for heavens sake,dont start! If you are already involved,get out as fast as you can.Here are a few basic steps.
　　Target one debt for elimination at a time.Pick the one that can be wiped out the most quickly first.Take all the extra money from the ralph lauren polo shirt first debt and apply it to your second target.Continue in like fashion until you have dug yourself out of this miserable pit.