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    can increase the penalty for late repayments or going over your credit limit. And if you don't like it...there's nothing you can do apart f
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    Credit card debt amounts to hundreds of billions all around the world. Most people use credit cards due to their convenience, but there are certain risks that aren't immediately obvious. So here are five reasons to eliminate your credit card debt.

    1) Credit Companies Hold All The Cards

    When you owe money to a creditor they own a piece of you. For example, they can change the terms of your agreement whenever they want. In most cases, all they have to do is to send you a letter giving you 14 days notice.

    For example, they can increase the penalty for late repayments or going over your credit limit. And if you don't like it...there's nothing you can do apart fr
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    ertain risks that aren't immediately obvious. So here are five reasons to eliminate your credit card debt.

    1) Credit Companies Hold All The Cards

    When you owe money to a creditor they own a piece of you. For example, they can change the terms of your agreement whenever they want. In most cases, all they have to do is to send you a letter giving you 14 days notice.

    For example, they can increase the penalty for late repayments or going over your credit limit. And if you don't like it...there's nothing you can do apart f
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    Hold All The Cards

    When you owe money to a creditor they own a piece of you. For example, they can change the terms of your agreement whenever they want. In most cases, all they have to do is to send you a letter giving you 14 days notice.

    For example, they can increase the penalty for late repayments or going over your credit limit. And if you don't like it...there's nothing you can do apart f
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    eement whenever they want. In most cases, all they have to do is to send you a letter giving you 14 days notice.

    For example, they can increase the penalty for late repayments or going over your credit limit. And if you don't like it...there's nothing you can do apart f
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    can increase the penalty for late repayments or going over your credit limit. And if you don't like it...there's nothing you can do apart from moving your debt elsewhere.

    But the moment you make the last repayment on your credit card debts, you take control of your financial position and take the first step towards financial freedom.

    2) Most Credit Cards Have A Variable Interest Rate

    In the same way that your lender can change the rules of the agreement, they also have the power to change the interest rate that you pay on your debt.

    So you could find yourself in the position where you make credit card purchases at 8.9% APR, miss one repayment dat

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