To avoid credit card debt, individuals should stay on a budget, charge only what they can pay off each month to avoid interest, build their credit score, set up automated payments to avoid missed payments and penalties, and make more than minimum payments each month to pay off debt faster.

Authors

• Person: Not available Organization: Annuity.org
  Financial Literacy: The Guide to Managing Your Money - Annuity.org

Sources

• Financial Literacy: The Guide to Managing Your Money - Annuity.org www.annuity.org Annuity.org via serper

Referenced by nodes (3)

• interest concept
• credit card debt concept
• credit score concept