Find the answers you need to the most popular questions about this unique type of unsecured debt.
Credit cards aren’t just useful these days – they’ve become all but necessary. From shopping online to making travel reservations, there’s plenty of stuff that’s a lot easier if you have a credit card handy. Not only that, but they also provide one of the easiest ways to build and maintain a solid credit history, so you can do things like rent property or even get that job you want.
But if you’re going to have credit cards, it’s essential that you really understand exactly how they work and what it takes to manage the debt. This is where an FAQ can come in handy, because if you have a question about your credit cards, chances are someone else has already had that question, too.
So we’ve scoured the web to find those all-important credit card debt questions, then we’ve gone to our experts to get the best answers possible. If you can’t find what you’re looking for, why not ask our experts directly, or call 1-888-503-5563 to talk to someone now.
Unlike other credit lines like a mortgage or auto loan, credit card debt doesn’t come with a set term for payoff. So how long do you have to eliminate credit card debt that you incur? We explain how a credit card debt repayment schedule works and when your debt gets moved to charge-off status.
You put effort into building up your retirement plan, but when you get into trouble with debt it can be tempting to take some of that money out to avoid bankruptcy. We help you decide when it’s okay to dip into your retirement and when you’re better off leaving the money where it is.
You want to pay your bills, but sometimes circumstances come up that can make it impossible to keep up with everything. So you pay the mortgage and your auto loan to keep your home and car, but what about your credit cards? We explain what happens when you stop paying on this type of debt.
Article last modified on August 29, 2017. Published by Debt.com, LLC . Mobile users may also access the AMP Version: Top Questions about Credit Card Debt - AMP.