MANY Australians will have arrived in 2018 armed with hefty credit card debt that could cause financial heartache if not reined in.
The damage from the festive season has already been done, but the full extent may not be realised until credit card statements begin to roll in. Starting a brand new year off in the red can be demoralising, even though as a nation we are no strangers to debt Reserve Bank of Australia data shows we owe more than $51.2 billion on plastic and more than $31.6 billion is accruing interest.
While paying with credit can seem like a good idea at the time, this is not the case when the debts cannot be paid off by the due date and interest charges of 20 per cent and higher begin to apply.
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Read the full article at: http://www.news.com.au/finance/money/budgeting/the-fastest-way-to-wipe-credit-card-debt-in-2018/news-story/49061933048b60555af3a87d27c20e54
