Got feedback on the new design? We're Listening! Send us Feedback

Why You Should Refinance Your Credit Card »

Posted by: lawrenceagni 1 year, 5 months ago

1.0

Scale of 1 to 10

Read: 14

Propped: 11

Comments: 2

Click Prop It to Raise Score

Prop it

If it is, you've not heard the worst of it yet. The way that credit card companies exist and thrive is by exploiting your debt burden. They'll lend and lend and lend, until you get to the point that the most you can pay back each month is the minimum payment - usually around 2.5 per cent of the balance.