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What Happens If You Don’t Use Your Credit Card?

Credit Corp

If you’re one of the millions of Americans looking to raise their credit score , you may think not using your credit card will help. After all, many people hurt their credit score by accumulating too much credit card debt. Should You Close a Credit Card You Don’t Use?

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We’re Debt Free [And How You Can Do It]

Credit Corp

Get Your Free Credit Report Card. My Debt-Free Life Started Late in My Adult Life. The average American has about $6,000 in credit card debt , with a large percentage of this amount resulting from accrued interest. Here are a few ways to reduce the amount owed on debts from major purchases.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In these situations, debt is considered positive mainly because your financial objective has value and long-term benefits. Debt Consolidation. Debt consolidation loans. Credit Counseling.

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Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion

Collection Industry News

Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. Why should we not extend these same protections to veterans and all Americans?”