Credit

Credit crash course registration begins today! Doctor Debt encourages all patients to take this course! Understanding these credit terms will equip you with the knowledge needed to understand your current financial situation.

Credit 101- A Patient's Guide To A Debt- Free Life!!!

Doctor Debt Says, "We Accept Credit Cards"

Just kidding!!! There are no fees for Doctor Debts services. He genuinely wants to see you achieve great credit and escape debt.

However, Doctor Debt's virtual clinic is aware of the need to use credit cards daily. We want to equip you with information credit card companies or credit counseling may not explain to you. Knowledge is power against defeating debt! Credit consolidation could be the treatment that can change your financial future.

Credit Card Basics

Did you know, the average American household has 13 payment cards, including credit cards, debt cards and store cards? There are 1.3 billion payment cards in circulation in the United States. According to the Federal Reserve, on average the typical credit card purchase is 112% higher than if using cash. Over 40% of US families spend more than they earn. The fact is, your credit stays with you for a lifetime.

Chances are, you've gotten approached by credit card companies urging you to sign- up for their special offers. But when do you really take time to understand what you are receiving? A credit card is a form of borrowing that involves charges. The following are some important terms to consider that generally must be disclosed in credit card applications or in solicitations that require no application.

Some plans change the APR when interest rates or other economic indicators (also known as indexes) change. These plans are called variable rate programs because the change is linked to the index's performance. Rate changes raise or lower the finance charge on your account.

Let Doctor Debt Explain How to "Balance Out Credit"

A critical part of owning credit cards while experiencing debt is learning how to balance your credit . The truth is, you can help yourself rebuild better credit. If you expect to pay for purchases over time, its important to have a method to calculate your finance charge. Doctor Debts encourages patients to keep track of your balance!

If you don't understand your balance, ask your credit card issuer.


All material copyright © 2008 Doctor Debt. All rights reserved.

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