Should I Sell My Car to Payoff Credit Card Debt And Lease One Instead?

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Should I Sell My Car to Payoff Credit Card Debt And Lease One Instead?

By The BIDaWIZ Team on October 12th, 2012 at 6:30 pm

The average household still carries over $7,000 of credit card debt, with many above ten thousand. Credit card debt is perhaps one of the worst types of debt to carry as interest rates are typically high at 15%-20%. One option that debtors may want to consider to lighten the load, is sell their car and lease one instead. Is this a smart decision for you? .

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