What is the rule of 72 you should be aware of to avoid credit card debt from rising?
1 month ago

What is the rule of 72 you should be aware of to avoid credit card debt from rising?

Live Mint  

The rule of 72 tells you how long it takes to double the money at the current interest rate. Importantly, this also tells you the tenure during which your credit card debt can increase by 100 percent of the original debt. In other words, it will take three years for the credit card debt to double. If you, too, are worried over your ballooning credit card debt, and want to reduce it incrementally, you may want to take the following steps: To reduce the credit card debt, take these steps 1. Rewards and cashbacks: Make use of cashbacks and rewards while using the card so that your overall credit card debt obligation reduces.

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5 tips for mastering your credit card and avoiding debt traps
1 month, 1 week ago

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The Independent  

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These 4 Strategies Can Help You Break Free From Credit Card Debt
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News 18  

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2 years, 11 months ago

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Live Mint  

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