Three Secrets to Avoid Drowning in Debt

  Do You Feel That You Are at the Edge of a Debt Precipice? It's an uncomfortable feeling. As each month's bills come in, you feel the temptation or the necessity of choosing the minimum payment option. That means there's more to pay next month, but you may have a fixed income job that won't give you extra to cover the credit debt. And as you see the balances going up, you wonder what can be done to solve   your debt . Why It's Urgent You Know This Credit Debt Secret Credit card companies do very well when you pay the minimum each month. They earn a lot of money off of you. Credit card annual interest rates can be as high as 15 to 20%, so maintaining a balance with them month after month gets to be an expensive proposition! To put this in numbers, let's say you have a debt of $18,000 to the credit companies at a rate of 18.9%. If you pay it off over five years, you will be giving them almost $10,000 in interest! $10,000! What better things c...