The average store card APR is an incredible 30% with many being even higher. Some of the main reasons for people to manage the levels of debt card store and are forced to seek professional debt advice:
* Call for tenders - It is easy to be tempted by offers to it until the achievement of 10% on your purchases if you take a card store and there. May seem that a good deal when you leave may pay 30% interest on purchases in the future.
* Retail Therapy - There is nothing wrong with buying clothes to make you feel good and look good, but if you do not have the money to pay what you buy, it may be a habit that you plunged into serious debt.
* Lack of knowledge - Very few people take the time to read the fine print when you request a card store as the process usually takes place in the store itself when your attention is not fully focused on what you are reading or signing for. The first time you realize the extent of the interest rate is May, when your statement arrives in the initial post.
* Loyalty - It May be attractive to a store card to your favorite store, if you are a frequent customer and they come with other incentives. However, if you use the store credit, the interest rate on your purchases could be halved by using a credit card rather than a store card. Store cards are a high price to pay for loyalty.
* The vicious circle - if you have a large amount of debt on the cards and are struggling to make repayments in May, it seemed a good idea to borrow money from elsewhere to help keep your head over water. This often leads to a point later, when all of your loans accumulate to the point where it completely crushes you.
The importance of debt advice and the role it can play to help you better financial future should never be underestimated. If your debts affecting your daily life and ability to function normally, you should seek professional debt advice as soon as you can.
Many people leave it too late to get the right help and advice on debt, because it can be difficult to meet. If you can find the courage to tackle the head of your debts as soon as they become a problem for you then the debt advice you receive may be very different from what you get if you bury your head in the sand and hope all goes away.
Contact Debtsolver now to find a solution to your store card debt.To benefit from free debt advice you can trust, call DebtSolver now!
Debt Advice On Store Card Repayments
Debt advice zidit @ yim Wednesday, April 29, 2009 0 comments
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