The Costs You Pay for High Credit Card Debt

First and most obvious, is the financial cost of paying interest on balances.

The Most Obvious – Cost Of Interest Payments

Somewhat Less Obvious – Your Credit Score Takes A Hit, And You Probably Don’t Realize How Big A Hit

That’s the credit score most lenders use to decide if they’ll lend you money, and if so, at what interest.

How Credit Scores Are Really Affected By Credit Card Balances

A Simulated Credit Score Exercise

there are major consequences to having poor credit:

Here’s What Happens To You When Your Credit Score Tanks

As your credit card debt grows, you’re digging yourself further and further into the hole.

You Probably Know This, But May Not Have Connected It – Stress!

If you don’t carry a significant balance on your cards, and an opportunity comes knocking on your door, you can use the available credit

Least Obvious – Opportunity Cost

How To Avoid Credit Card Debt Or Get Out Of It If You Already Owe A Bunch

As covered here, some of the worst ways to use your credit cards are: 

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Banking and Credit

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