Credit Card Debt Tips to Avoid Bankruptcy
A lot of consumers today are struggling with financial crisis. The unexpected lost of job or lack of
available employment can make the situation even more difficult to handle. Some credit card holders
find themselves stuck with uncontrolled debt. Do you find yourself in a similar situation? IF you do,
what are the steps that you can do to avoid bankruptcy? How can you make the problem more
Review your personal credit history. Consumers can ask for one free copy of credit report from each of
three major credit bureaus by visiting Annualcreditreport.com. Once you have your report on hand,
make sure that the charges in all your accounts are correct. In case you find errors, exercise your right
to dispute erroneous reporting by sending a letter to the credit bureau that issued your report.
Review your credit card’s terms and conditions. Do you take the time to read statements and notices
sent by your credit card issuer? Has there been a change in your interest rate or finance charges? If you
discover an increase in your APR, do not hesitate to call up your issuer to clarify the matter. If you have
been a good credit cardholder, ask your issuer if you can retain the low interest rate that you originally
signed up for.
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