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Posts tagged "interest rates"

Should you take advantage of that zero-percent interest offer?

If you are like millions of Americans, you probably shell out more money on interest payments each month than you would care to admit. According to Forbes, the average American household currently has more than $15,000 in credit card debt, and citizens are paying interest on that debt at an average rate of about 13.49 percent. If you are among the many Americans who are only able to make minimum payments on their credit cards each month, you may find you are essentially only paying down the interest and that your actual credit card balance is not getting any smaller over time.

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