Posts

Showing posts from September, 2022

Priority Plus Financial on Why Credit Card Debt is Difficult to Pay Down

Image
  If there is anything in the world that is very difficult to finish but very easy to start with, it has to be credit card debts.  Because they are now easy to get and use, people find it tempting to use credit cards for buying things that are needed. This is costly because today, credit card interest rates are higher than ever. In fact, a recent article stated that people are afraid to check their credit card statements because they just might faint once they get an idea how much money they owe to credit card companies. Since everyone knows that owning a credit card can be costly, there is also a demand for financial knowledge. Particularly with keeping credit card debt low. Priority Plus Financial receives so many inquiries and questions regarding how to lower or remove credit card debt, but there are only a few handful ones who gain the knowledge and put it into practice! Why is it so difficult to pay down credit card debt? Here are some ideas that can help anyone ...

Priority Plus Financial on How Consolidating Your Debt Can Help You Relieve Stress

Image
  If there is one thing the pandemic taught everyone, it’s that having massive amounts of debt can lead from one bad thing to another. With everyone looking for multiple ways to survive this time of economic uncertainty, it’s no longer surprising that people have huge amounts of credit card debt lined up behind them too.  This year 2022 is particularly unkind to people with massive credit card debt. According to a report just released this month, more and more people rely on credit cards for necessities. Interest rates on credit cards are exponentially high; consumers with a $5000 credit balance will need to pay around $1000 extra for interest in one year.  Priority Plus Financial knows how stressful it can be to have huge amounts of debt on one’s back. It’s both frustrating and worrying at the same time. This can lead to mental stress and it’s not going to get any better because of the pandemic threat. And the more people think about debt, the more it stresses them ...