Credit Card Debt

Aaron Arnold, Investment Advisor, BA (Econ)                                            August 2, 2013     

 Lately I have been meeting with individuals who are carrying credit card debt which is usually the highest interest rate debt you can carry. This isn’t a huge surprise since 40% of Canadians currently do not pay off their credit card bill in full every month. Credit card debt or high interest debt can have a huge negative long term effects on your financial plan.  

 Please click the link below to see why you should pay off your credit card bill in full every month.

 Why You Should Pay Off Your Credit Card Bills On Time

 Please click this second link for more information on how interest charges are actually calculated.

 Credit Cards

 As always, we are here to answer any of your questions and if you are someone who is carrying credit card debt we may have some ideas and solutions for you.