The ease of obtaining credit cards has become a significant source of temptation to some people, many of whom may eventually find themselves with thousands or tens of thousands of dollars of debt, often with little to show for it. Paying more than the minimum each month will make a big difference in getting out of debt.
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Analysis is provided for general illustration and/or informational purposes only and is not to be construed as tax, legal, or investment advice. Although the calculator is based on information from sources believed to be reliable, accuracy and individual circumstances can vary. The information should be relied upon only when coordinated with individual advice from qualified professionals.