Credit Guides And Credit Services Blog 21 November 2008

21 November 2008

Debt Settlement Service, Info on Credit Card Debt

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Posted at 12:35 0 comments

21 November 2008

Protect the Wife and Behind On Credit Card Payments?

Posted by James Breen at 11/21/2008 10:54:00 AM

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Posted at 10:54 0 comments

Credit card and even more so Store card interest are set at exorbitant rates for one reason alone, companies make their money from the consumer’s inability to settle their card balances. Credit card debt is unsecured, whereas other debt like your mortgage is secured (your home acts as security against your debt). With credit card debt, there is no backing security, which means that credit card debt is high risk for banks and hence the high interest rates

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