The Mathematics of Everyday Life
How to Get Out of Credit Card Debt
S1 E3:
The miracle of compound interest that enriches savers can make paupers of those with credit card debt. Learn why this form of borrowing is so risky and potentially ruinous. Explore strategies for paying off credit card debt and consider whether it makes sense to keep credit cards for perks. Then look into college loans, weighing costs versus benefits, and also examining alternatives to loans.