The Core Value Consultants Blog

Credit Card Debt can hinder you in more ways than one. First there is the stress that it causes. The bills keep coming in faster than the money comes in and that is always stressful. Then of course, when the bills are not paid on time, the next problem is that your credit score suffers. When the credit score suffers it hurts you in many ways because not only are you rejected for the ability to get credit for the necessities of life like your mortgage, or automobile loans, when they do give you credit you are stuck with a higher than usual interest rate as a penalty for being a credit risk. It’s a risky cycle.