Mark T. Young & Associates
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Make informed decisions before taking on additional credit

Spending money on a credit card is easy because the costs of one's purchases do not automatically come out of their bank accounts. In fact, a Tennessee resident may not see the impact of their credit card spending for several weeks after they make their purchases and not until they receive their credit card statements. At that time they may have already forgotten about what they had bought and may have put themselves into a difficult financial situation when it comes to repaying what they owe.

Having too many credit cards can be one way that people find themselves in this financial dilemma. When they get close to their spending limit on one card they may simply move onto the next one; having many credit cards can get a person into money trouble very quickly. Credit card companies encourage this behavior by sending individuals solicitations for more cards and making it easy for them to acquire additional credit devices.

Once a person secures a credit card they should become knowledgeable about all of the terms and conditions that they will be held to. This can include but is not limited to variable and teaser interest rates, fees for delinquent and incomplete payments and others. Failing to make payments on a credit card can cause a person's debt to grow as their interest rate piles on more and more of a burden to their existing balance.

Before acquiring a new credit card, a consumer should do their homework and make sure that they are comfortable with the terms that their new card will impose. Those who have gotten in over their heads on credit card debt are always encouraged to reach out to their trusted debt relief and bankruptcy attorneys to investigate options they may protect their financial futures.

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Mark T. Young & Associates
2895 Northpoint Blvd.
Hixson, TN 37343

Toll Free: 888-376-0282
Phone: 423-933-1606
Fax: 423-877-0363
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