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Credit card debt is the number one reason Americans lose their homes, their savings, and have to eventually declare bankruptcy (Chu, 2008). Credit card debt is also the cause of stress in many relationships and is the direct or indirect cause of many divorces (PRLog, 2008).
Banks make their money by keeping consumers in perpetual debt. Learn how to eliminate escalating debt as fast as possible.
Pay Card With Higher Interest Rate First
There are no exceptions to this rule. A higher interest rate will always cost more money in the long run.
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