Ever wondered why your credit card statements are still high, even after paying off your minimum amount due? In this video, we explore revolving debt, and its impact on credit card debt.
What is Revolving Debt?
Revolving debt means you can borrow, pay back, and borrow again. There’s no set pay off date, and your balance can change from month to month. Common examples include credit cards and lines of credit. The danger? Because there’s no clear end date, interest keeps piling on if you carry a balance. If you’re struggling with revolving debt statements, Puridy Debt Solutions may be able to help.
