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A news special called “Frontline: The Credit Card Game” aired 24 November 2009 on PBS. In the program reporters interviewed top executives revealing the precise techniques they accustomed to turn a $500 charge card purchase in to a 20 year payback program. You can copy and paste to determine this “must watch” video.
An effective debt counselling plan is built to strengthen your financial position. It is important that you compromise outstanding debt owed on your bank card. Pay off the outstanding balance of the credit card containing the very best rate of interest. You also have to pay from the outstanding balance exceeding 50% in your credit limit. Then start paying the next amount which has another highest interest and continue further till you remove the balance on the lowest interest. The best way to live a debt free lifestyle is simply by opening not more than 4 credit accounts that will also allow you to create a solid credit rating.
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