Over the
years, I have seen a variety of businesses with all sorts of financial
situations. Unfortunately, a common thread, no matter what type of business,
is credit card debt. Statistics tell us that an average family owes $9205 on
their credit cards. That does not include any business debts.
Credit card companies purposefully increase your limit in hope that you will
send in a payment late, go over your credit limit and not pay attention to
the percentage rate that they charge. They offer incentives and rewards to
lure you into their programs. It is there that they receive 31% of their
profits from fees they collect.
A good resource that I have found is Crown Finanical
Services. They offer a Seminars and 10 week financial classes that will
change the way you view debt and give practical ways to eliminate it. Check
out their website at www.crown.org
When we owe thousands of dollars to credit card companies, we become
financially in bondage - we lose our financial freedom. The Bible says,
"The rich rules over the poor and the borrower becomes
the lender's slave." Proverbs 22:7
The most common factor among those that have credit card debt is that they do
not have a budget. (4 people had a budget out of 26,000 that Cornerstone
Credit Counselors had counseled.) A second common factor is that 40% do not
balance their check book. With discipline, this can change and thus, will
affect the balance of your debt.
Living without credit card debt is possible! I am passionate about sharing
with others the benefits of living debt-free. Ask me about my personal
experience with credit card debt and lets talk about
how you can be on your way as well!
Administrative Bookkeeping Co., Inc., 125 Lindo Lane,
Morgan Hill, Ca. 95037
Phone: 408-782-9640 Fax: 1-888-459-1117
