Most of us would be very surprised at what it cost us to operate our credit cards.

If we left the balance at the limit, this is what it would cost you to pay the interest. This doesn't include fees or the extra amount to cover any purchases!

$2,000            16%                 $27 per month            $320 per annum

$5,000            16%                 $67 per month            $800 per annum

$10,000          16%                 $133 per month         $1,600 per annum

$20,000          16%                 $267 per month         $3,200 per annum

The figures show a startling picture. The average person has credit card balances of more than $5,000.  Over $15 per week is going towards meeting interest payments for goods that you purchased yesterday, last month or even last year!

Get control of your credit card or better still, cut it up!