[GH85Carrera]

I have one credit card I use strictly for my business. At the end of the year, we renew several expensive aerial photography and mapping software licenses, Photoshop, Office 365, a 12 month lease on our airplane hangar, and other end of year expenses to get it all on that year's expenses for taxes. We always pay the statement balance and have never paid a penny in interest, and I had to read the statement to see we are at a rate now of 16.15% in theory.

The January CC statement hit and it was $6,728.11. We of course paid that in full on the day it was due. Every credit card statement by law must show what you would pay if you pay the minimum payment and it would take 25 years and pay $15,251.00 to pay it off. Or if we paid $237.00 per month it would pay off is 3 years and coats $8,534.00

I hear of people with insane credit card balances. I can't understand how it happens. When I was broke, and struggled to pay my bills, I have only an American Express credit card as I knew I could not carry a balance, and I had to pay it off each month. Then and now a credit card is a very convenient and necessary tool. You have to have one to rent a car, or check into a motel. I traveled some for my photo business. That card was my introduction to adulthood..

All creditors want to get paid. That is the business model. Contact them, tell them the problem, and send some payment each payment.