If it's not back there by the due date, you can go into a default rate here very quickly. If you miss a couple of payments, you can be charged a default rate, which can be up to 28 percent.
More Quotes from Bill Hardekopf:
Many families are frustrated and overwhelmed by working hard only to see their debt grow instead of their savings. This is a large group of people who are one late payment away from receiving punitive default rates of almost 30 on credit cards and other loans. If you are at the edge, default rates will be devastating. If your credit card bill comes at the end of the month when there is no money left, contact your credit card company to change your billing schedule to fit with your pay schedule.Bill Hardekopf
As a consumer, make sure you read the dreaded terms and conditions of the card so you know what you're in for.
Bill Hardekopf
Every person who pays off their credit card in full each month should be using a credit card that gives a rebate or a reward. Otherwise, you are being economically foolish. Some of these cards pay you a significant cash rebate just for using the card.
Bill Hardekopf
The card does have some good attributes, but consumers need to be cautious and know what they're getting into. They really need to dive into the terms and conditions.
Bill Hardekopf
Some people still don't realize how much and how easily they can save on their long-distance bills.
Bill Hardekopf
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The bold are helpless without cleverness.
Euripides