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(EMAILWIRE.COM, April 03, 2012 ) Boston, MA -- Average American households all want the ability to control and maintain their credit card debt. The old saying, ‘Knowledge is power,’ is imperative in one’s credit status, more so than in most other areas of their lives. The knowledge of personal credit score, and what it means, gives each of individuals control to develop their budgets in the present to reap the rewards of their self-discipline in the future.
For helpful tips on how to manage credit card debt, begin by bookmarking and checking on a regular basis with the articles and debt-free blog at: http://www.debtopedia.com/, everyoneÂ’s online encyclopedia for articles, blog posts, and numerous tips and suggestions.
Once checked with debtopedia, anyone should be ready to begin managing his or her own credit card debt issues. The first step to doing anything about managing their credit is to know what the current credit status is. The best way to find out is to check with one, or all three, of the reputable credit reporting agencies. According to the post ‘What Do Credit Reports Mean to You?’ from debtopedia’s Becoming Debt Free Blog:
Those reports are maintained – at least in the U.S. – chiefly by the three major credit reporting agencies: Equifax (PO Box 740241, Atlanta, GA 30374; www.equifax.com), Experian (PO Box 2002, Allen TX 75013, www.experian.com) and TransUnion (PO Box 2000, Chester, PA 19022; www.transunion.com).
Now that one has checked with a credit reporting agency, they are ready to manage their outstanding credit card debt. How long does it take to pay off outstanding credit? According to the debt management article, ‘How Credit Card Debt Affects an Individual's Long-term Financial Stability,’ the author states:
Each $1,000 in credit card debt takes over nine years to pay off if only minimum payments are made! This might not be important except for the fact that family members continue charging on credit cards regularly, while trying to pay off past debts. Some families never get out of debt, continue to increase debts, and become so bogged down, they can't continue meeting the minimum payments required.
Furthermore, on the Becoming Debt Free Blog, anyone can easily find a variety of helpful suggestions. Among the tips, the blog article, “7 Tips For Saving Money”, the author of the blog suggests: “Don’t shop for groceries when you are hungry. . .buy in bulk if it is something you need. . .and bargain shop throughout the year.” In another blog article, “Discipline Yourself to Spend Less,” the author suggests that “Get out of the habit of pulling out your checks or credit card whenever someone in your household wants something. You need to decide if that item is necessary.”
About DebtOpedia.com
Everyone wants the power to know and control their credit status. If one understands their credit card debt and do what needs to be done to keep it under control; they can design a well-planned life in the present while preparing for a prosperous future. DebtOpedia.com provides various tips and helpful information about debt management, credit card help and student loan related resource and grant tips.
Debt Free Blog
James Kirkland
1.888.423.7865
contact@claudebellbeauty.com 
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