The holiday glow has long faded and now you’re left with a pile of credit card bills and a serious debt hangover. Once again, you ask yourself – how did I spend this much money?
You tell yourself it was ‘only’ a few thousand dollars, but when you add it to your existing debt, the numbers start to swell. If you owe over $25,000 in credit card debt, overdraft and a line of credit, and you’re only making the minimum payments, it could take you twenty years to pay it off, and cost you thousands of dollars in interest. And that’s if you don’t accrue any additional debt. To get ahead, you have to be proactive and tackle your debt head on.