Lauran Criswell

Writer and Editor in Mexicali, Baja California, Mexico

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According to the NerdWallet consumer financial planning site, the average amounts of credit card debt per household in the US in 2013 they were $ 15,263. While the total credit card debt in the US In 2013, $ 853.6 billion, represents a fall of 1.4 percent over the previous year, many in the US. MyCCPay are overwhelmed by the debt of their credit cards. People often make mistakes with their credit cards generating more complicated situations than they can deal with. Avoiding these mistakes can save people a lot of problems.

Pay attention to Credit Score

One of the most common mistakes people make is simply paying their credit card bills too late. Paying credit card bills late can have a serious negative effect on the credit rating. After 30 days, the credit card company does not only charge late fees but also creates a late payment report to the credit bureaus. MyCCPay Login history of late payments can stay on the credit report for 7 years, and credit payment history comprises 35 percent of the credit worthiness ( "credit score") of a person. In short, late payments lead to a lower value of your creditworthiness.

In addition, credit card companies are likely to increase the interest rate of cardholders who have a history of late payments. Other lenders Register will also increase their interest rates and will be less likely to extend credit to those who have late payments on their credit reports on First Access Visa Card

Simply making the minimum payment every month, even if you always do it on time, can also cause problems. Many credit cards have double-digit interest rates, so carrying a Register balance for a long period of time significantly extends the life and size of the individual's debt Total Card, Inc

In many cases, people may suffer financial setbacks, such as loss of work or illness, and use credit cards as a short-term solution to their account situation. Credit card debt grows in a spiral out of control because they have no other way out of the hole they got into. People who are trapped by their credit card debts may consider filing for bankruptcy as a way to reorganize their finances and start over. Bankruptcy can eliminate Login numerous unsecured debts, such as credit card debt, and allow people to start over. If you have questions about credit card debt relief options. Pay Credit Card Bill