Do You Carry A Balance On Your Credit Cards?
Pretty much every newspaper article offering tips on using credit cards recommends that you pay off your credit card debt every month. But two recent surveys have found that some Americans don’t know whether they are following this oft given advice.
A survey of 1,000 Americans sponsored by CreditCards.com found that 5 percent didn’t know whether they carry a balance on their credit cards from month to month. Another survey, this time by the Consumer Federation of America and Washington Mutual Bank, found that 8 percent did not know whether they were carrying credit card debt over from month to month.
This article in the Salt Lake Tribune wonders how those people do not know if they carry a balance, but I think it’s pretty simple. Their spouse pays the bills and they don’t talk about their credit card debt. It’s either that or they can’t face opening their bills from month to month. I’m not sure which explanation is worse - but if you are reading this and you don’t know if you are carrying a credit card balance over from month to month, you should probably find out.
