If you owe $3000 to your credit card company it will take you almost 15 years to pay this off if you only pay your minimum payment each and every month.
If you owe $7000 it will take you almost 26 years to pay your debt off to credit card companies.
If you only owe $5000 to your credit card company, and a 17% interest rate it will take you almost 25 years to pay this debt off if you just pay your minimum payment and you would have also doubled your bill in interest.
Not many people aware of this as they only pay their minimum payment each month because they have other bills that arise.
America has been thoroughly educated on how to charge themselves into debt that they are not aware of how to get out of debt fast.
Private companies that used to consult with clients are now releasing free information that can educate American consumers on how to get out of debt faster and cut their debt in half.
The charge you make today will follow you into retirement.
There is no sense in going through life in debt to credit-card companies when you could be living debt-free and taken a hold of free information that can help you reduce your debt by 50%.
American consumers have received an education from a credit-card companies so they are not aware of information that can set them free from credit card debt.
So the next time you see your credit card statement know that you can legally and ethically cut your debt in half.