Want an investment that can pay a guaranteed rate of return in the double digits? The average American household carries $9900 of debts on cards with a typical rate of 14%. Paying it off is like giving yourself a 14% return! What’s more, credit card companies are cutting their credit limits, which can hurt your credit score if you don’t reduce your spending. Charge only 30% of your limit to keep from hurting your credit.
If you would like additional information, contact the LaBeau and Associate team at 952-898-5800 or visit our website at www.labeauandassociates.com.
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