Unsecured credit cards are the most common type of credit card. They are easy to get as long as you have a decent credit rating and they do not require you to put down any collateral. These cards usually have an annual fee or high interest rate to allow banks to cover the risk of offering a card to people without any collateral or to someone with imperfect credit.
Many unsecured credit cards are offered to college students with a great deal of ease, but this can sometimes result in very damaging consequences. Once the student graduates, they find themselves with a large college loan to pay off a credit card balance with high interest rates. It can sometimes take up to 20 years to pay off all this money.
Not only has PBM helped many people with debt stemming from their college years, we have given them the freedom to enjoy that hard earned education without the mental burdens of debt.
At PBM we have seen the effects of credit card use. In our experience of dealing with clients we have realized that it can happen to anyone and the results can be nasty, both mentally and physically. If you think that you are suffering with depression or stress… click here to find out more and take control of your life again.