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Don’t Trap Into A Credit Card Debt, It Too Costly!

While swiping the credit card is a very effective way to pay without using any type of paper money, it has led many people into a debt trap. Majority of people simply look at whether or not they can afford their monthly repayment when using at their credit cards. Many of them don't even try to figure out how long it will take to pay them off and how much they are costing them over the long run. For instance, $2,000 doesn't seem like a huge balance on a credit card. In that case at an 18% interest rate,

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Don’t make these seven mistakes when dealing with debt collectors

The number of complaints about debt collectors is on the rise. From 13,950 reported to the Federal Trade Commission in 2000, the number has ballooned to over 66,000 in 2005. And these are just the ones reported–the greater number of complaints go unreported. But this isn’t the worst; a significant number of complaints are coming from consumers who do not even owe the debt. So what’s going on here? It is apparent that debt collection agencies are becoming increasingly competitive and that they are getting more aggressive in an effort to improve their bottom line. And to do this,