Avoid a high-interest credit card debt

Avoid a high-interest credit card debt

Indispensable in the wallet of many vacationers: the credit card. If only to reserve your hotel. Even online you can hardly escape the credit card. See http://www.jkfsp.com/debt-consolidation-loans-poor-credit-find-a-consolidated-debt-relief/ for further editorial

Paying with a credit card is incredibly easy. It works all over the world. But is it perhaps too easy? Many people do not know what their Good Credit costs in interest. Therefore more about this expensive form of borrowing money and alternatives.

Many Dutch people with a credit card

Many Dutch people with a credit card

60 percent of the Dutch have a credit card. That is not surprising, the credit card is a handy payment method. Certainly also because thanks to this card you can buy something now and only have to pay later. That way you can always go shopping. Even if you have no money in your account for a while.

Credit card costs

But for nothing only the sun rises. A credit card is a form of borrowing money and not free. Often you pay a certain amount anyway for using your credit card. But what can go in the papers, in particular, are the interest costs.

Of course you do not immediately pay interest if you buy something with your credit card. Usually you have a certain number of days to defer payment or a fixed payment date. If you repay your purchases within the stipulated period, then nothing is wrong. If you are late, you will pay interest.

Lending credit card money

Lending credit card money

The interest that you have to pay for your Good Credit credit card is often very high. At the major Dutch banks you pay between 12 and 14 percent interest. This way your credit card debt can quickly add up!

Alternative expensive Good Credit

A month left at the end of your money? An alternative to the Good Credit credit card is the continuous Good Credit. With continuous Good Credit, you also get extra money. You can record this free of charge if you need it. And repay without penalty if you are financially more comfortable again.

An additional big advantage: you can close a continuous Good Credit starting at an interest of 4.5 percent. That saves nearly 10 percent with the Good Credit credit card. Calculate your benefit, I would say!

Transfer expensive loan

Do you want to get rid of your expensive credit card debt? Even then taking out a loan is a cheaper alternative. Paying off debts by borrowing money sounds like closing one hole with another. But it will surprise you how much money you can save!

It is wise to be properly informed before you borrow to pay off your debts. At Good Credit, we like to think along with you. Request a free quote right away. We are happy to tell you about the options that suit your personal situation.

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