Interest Rates Are Getting Crazy

How can people get out of debt while the credit card companies charge 24.99% or more? It is crazy. I was looking at this Bank Rate Credit Card Calculator and calculated that a $5,000 credit card debt at 24% will cost you dearly.

Paying $125 a month it will take you 586 months to be rid of your debt. In that time, you will pay $18,812.72 in interest. Read more »