{"id":812,"date":"2023-11-18T03:20:57","date_gmt":"2023-11-18T03:20:57","guid":{"rendered":"http:\/\/localhost\/mrc_blog\/creditcards\/credit-card-debt\/"},"modified":"2023-11-24T04:03:06","modified_gmt":"2023-11-24T04:03:06","slug":"credit-card-debt","status":"publish","type":"post","link":"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/","title":{"rendered":"Credit Card Debt Tips"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Tips_to_Avoid_Credit_Card_Debt\" title=\"Tips to Avoid Credit Card Debt\">Tips to Avoid Credit Card Debt<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Have_an_emergency_fund\" title=\"Have an emergency fund\">Have an emergency fund<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Buy_only_things_you_can_afford\" title=\"Buy only things you can afford\">Buy only things you can afford<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Pay_your_balance_in_full_and_on_time_every_time\" title=\"Pay your balance in full and on time every time\">Pay your balance in full and on time every time<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Understand_your_credit_card_terms\" title=\"Understand your credit card terms\">Understand your credit card terms<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Keep_away_from_unnecessary_balance_transfers\" title=\"Keep away from unnecessary balance transfers\">Keep away from unnecessary balance transfers<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Avoid_cash_advances\" title=\"Avoid cash advances\">Avoid cash advances<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Never_let_anyone_borrow_your_credit_card\" title=\"Never let anyone borrow your credit card\">Never let anyone borrow your credit card<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Limit_the_number_of_credit_cards_you_own\" title=\"Limit the number of credit cards you own\">Limit the number of credit cards you own<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Know_the_signs_of_credit_card_debt\" title=\"Know the signs of credit card debt\">Know the signs of credit card debt<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#i\" title=\"\u00a0\">\u00a0<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#The_best_way_to_reduce_credit_card_debt\" title=\"The best way to reduce credit card debt\">The best way to reduce credit card debt<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Step_1_Make_a_list_of_all_your_debts\" title=\"Step # 1: Make a list of all your debts\">Step # 1: Make a list of all your debts<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Step_2_Find_out_how_much_you_can_afford_to_pay_each_month\" title=\"Step #2: Find out how much you can afford to pay each month\">Step #2: Find out how much you can afford to pay each month<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Step_3_Make_your_payments_a_priority\" title=\"Step #3: Make your payments a priority\">Step #3: Make your payments a priority<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#Step_4_Consider_a_balance_transfer_card\" title=\"Step #4: Consider a balance transfer card\">Step #4: Consider a balance transfer card<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/#How_to_get_out_of_credit_card_debt_A_few_things_to_remember\" title=\"How to get out of credit card debt: A few things to remember\">How to get out of credit card debt: A few things to remember<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"812\" class=\"elementor elementor-812\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3eadcfee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3eadcfee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-305fbd3\" data-id=\"305fbd3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-26a5ceaf elementor-widget elementor-widget-text-editor\" data-id=\"26a5ceaf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>\u00a0<\/p><p>Are you planning on getting a credit card? Do you own a credit card already and just want to avoid debt?<\/p><p>Every credit card owner is at the risk of debt. Too much debt on a credit card can take years to pay off. If you are a new credit card owner, or if you find yourself entangled in the mess already, this article can help.<\/p><p>\u00a0<\/p><h2 id=\"block_1\"><span class=\"ez-toc-section\" id=\"Tips_to_Avoid_Credit_Card_Debt\"><\/span><strong>Tips to Avoid Credit Card Debt<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Have_an_emergency_fund\"><\/span><span style=\"color: #0000ff;\">Have an emergency fund<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Most people use their <a class=\"wpil_keyword_link \" href=\"https:\/\/myratecompass.ca\/credit-cards\/by-category\"  title=\"credit cards\" data-wpil-keyword-link=\"linked\">credit cards<\/a> when an emergency arises (e.g. for paying medical bills or after a car breaks down). Setting aside a fund for emergencies which is typically 3 months&#8217; worth of your overall expenses will help you not rely on your credit card during unforeseen circumstances.<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Buy_only_things_you_can_afford\"><\/span><span style=\"color: #0000ff;\">Buy only things you can afford<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Treat your credit card as cash and only swipe it on stuff you can afford.<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Pay_your_balance_in_full_and_on_time_every_time\"><\/span><span style=\"color: #0000ff;\">Pay your balance in full and on time <em>every time<\/em><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Once you miss a payment, not only will you have to make up for the missed payment, but you will also have to pay the late fee and interest rate. This not only puts a strain on your budget, but it also puts you at risk of using your credit card again to make ends meet.<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Understand_your_credit_card_terms\"><\/span><span style=\"color: #0000ff;\">Understand your credit card terms<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3><p>It is recommended that you read through your credit card agreement. Make sure you understand the interest rates, fees, billing dates.<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Keep_away_from_unnecessary_balance_transfers\"><\/span><span style=\"color: #0000ff;\">Keep away from unnecessary balance transfers<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Balance transfers can increase your balance because providers charge a balance transfer fee. As much as possible, use balance transfers only if you have a good reason to so, such as to take advantage of a lower interest rate. If you really need to transfer your balance from one card to another, use our \u00a0<a href=\"\/\">Credit card comparison tool<\/a> to help find the best balance transfer credit card based on your needs.<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Avoid_cash_advances\"><\/span><span style=\"color: #0000ff;\">Avoid cash advances<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Cash advances are one of the most expensive forms of credit card debt. They have high interest rates on top of the cash advance fees.\u00a0 It is advised to Use them as a last resort.\u00a0 Most importantly, avoid cash advances by making sure to set a budget and to have an emergency fund.<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Never_let_anyone_borrow_your_credit_card\"><\/span><span style=\"color: #0000ff;\">Never let anyone borrow your credit card<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3><p>As mentioned previously, treat your card like you would with cash and never lend it to anyone else. Even if that person promises to pay your credit card bill, you are the one responsible for any charges on your credit card. This means that if he or she refuses to pay on time, you will ultimately have to pay the balance (and interest).<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Limit_the_number_of_credit_cards_you_own\"><\/span><span style=\"color: #0000ff;\">Limit the number of credit cards you own<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The more cards you have, the more you are at risk of debt. Most people keep up to 3 credit cards with them.<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Know_the_signs_of_credit_card_debt\"><\/span><span style=\"color: #0000ff;\">Know the signs of credit card debt<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Learn to recognize early warning signs such as being unable to pay your balance in full. Once your see the signs, you can follow our tips on how to reduce your debt below.<\/p><h3><span class=\"ez-toc-section\" id=\"i\"><\/span>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3><h2 id=\"block_2\"><span class=\"ez-toc-section\" id=\"The_best_way_to_reduce_credit_card_debt\"><\/span><strong>The best way to reduce credit card debt<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Feel like you are drowning in debt? You are not alone. A recent poll reveals that the average Canadian owes $8,500 in consumer debt, excluding their mortgage. Another survey discovers that Canadians who believe their credit card is \u201caverage\u201d actually have above average debt.<\/p><p>If you are struggling with credit card debt, here are a few things you can do to build a debt reduction strategy.<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Step_1_Make_a_list_of_all_your_debts\"><\/span><strong>Step # 1: Make a list of all your debts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Record the name of the credit card provider, how much you owe, the interest rate, and your current monthly payment.<\/p><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Step_2_Find_out_how_much_you_can_afford_to_pay_each_month\"><\/span><strong>Step #2: Find out how much you can afford to pay each month<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Get out of debt as quickly as possible by making it a priority to pay your balances each month. Start creating a budget to figure out how much money you have to pay your debt. If needed, you can find ways to increase your debt payment budget by:<\/p><ul><li>Earning extra money through a second job.<\/li><li>Selling some assets.<\/li><li>Lowering your living expenses such as cutting back on discretionary spending, taking your lunch to work, and finding ways to save.<\/li><li>Using cash for purchases instead of your card or better yet, postpone purchases for a while.<\/li><li>\u00a0<\/li><li>\u00a0<\/li><\/ul><h3><span class=\"ez-toc-section\" id=\"Step_3_Make_your_payments_a_priority\"><\/span><strong>Step #3: Make your payments a priority<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Structure your debts in the order that you want to pay them off. There are two options for this:<\/p><ul><li><strong>Pay the highest interest rate credit card first.<\/strong> This allows you to pay the most expensive debt as early as possible. In addition, it can help you save money faster and allow you to get out of credit card debt sooner.<\/li><li><strong>Pay off the small balances first.<\/strong> Also known as the debt snowball method, it encourages people to focus on the \u201csmall wins\u201d and get the momentum going.<\/li><\/ul><p>\u00a0<\/p><h3><span class=\"ez-toc-section\" id=\"Step_4_Consider_a_balance_transfer_card\"><\/span><strong>Step #4: Consider a balance transfer card<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The idea behind getting a balance transfer credit card is to pay less in monthly interest while working on your debt payment plan. There are balance transfer cards that offer 0% interest for a limited time (up to 12 months). However, make sure to read the terms and conditions carefully and check how long the low\/ no-interest period lasts. Here is our list of the <a href=\"\/best-credit-cards\/best-balance-transfer-credit-cards-canada\">best balance transfer credit card<\/a>.<\/p><p>Remember, the goal is to use balance transfer to pay down the debt, and not have additional balance from month to month.<\/p><p>If you are not familiar with balance transfer credit cards you can learn more <a href=\"\/blog\/creditcards\/balance-transfer-credit-card-guide\">here<\/a>.<\/p><p>\u00a0<\/p><h2 id=\"block_3\"><span class=\"ez-toc-section\" id=\"How_to_get_out_of_credit_card_debt_A_few_things_to_remember\"><\/span><strong>How to get out of credit card debt: A few things to remember<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Regardless of which method of debt repayment plan you choose, the important thing is to keep up with all the minimum payments. Do this while you put extra money toward eliminating credit card debt.<\/p><p>If you are struggling with credit card debt, do not feel like eliminating debt is out of your reach. Making small steps are impactful. The important thing is that you are taking some action and every payment count.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span> \u00a0 Are you planning on getting a credit card? Do you own a credit card already and just want to avoid debt? Every credit card owner is at the risk of debt. Too much debt on a credit card can take years to pay off. If you are a new credit card owner, or if&hellip; <a class=\"more-link\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/credit-card-debt\/\">Continue reading <span class=\"screen-reader-text\">Credit Card Debt Tips<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[21],"class_list":["post-812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-creditcards","tag-blog-post-template-1-main-template-to-use","entry"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",924,707,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",150,115,false],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",300,230,false],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",750,574,false],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",750,574,false],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",924,707,false],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",924,707,false],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",924,707,false],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",327,250,false]},"post_excerpt_stackable":"<p>Table of Contents Tips to Avoid Credit Card DebtHave an emergency fundBuy only things you can affordPay your balance in full and on time every timeUnderstand your credit card termsKeep away from unnecessary balance transfersAvoid cash advancesNever let anyone borrow your credit cardLimit the number of credit cards you ownKnow the signs of credit card debt\u00a0The best way to reduce credit card debtStep # 1: Make a list of all your debtsStep #2: Find out how much you can afford to pay each monthStep #3: Make your payments a priorityStep #4: Consider a balance transfer cardHow to get out of&hellip;<\/p>\n","category_list":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/creditcards\/\" rel=\"category tag\">Credit Cards<\/a>","author_info":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",924,707,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",150,115,false],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",300,230,false],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",750,574,false],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",750,574,false],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",924,707,false],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",924,707,false],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",924,707,false],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg",327,250,false]},"post_excerpt_stackable_v2":"<p>Table of Contents Tips to Avoid Credit Card DebtHave an emergency fundBuy only things you can affordPay your balance in full and on time every timeUnderstand your credit card termsKeep away from unnecessary balance transfersAvoid cash advancesNever let anyone borrow your credit cardLimit the number of credit cards you ownKnow the signs of credit card debt\u00a0The best way to reduce credit card debtStep # 1: Make a list of all your debtsStep #2: Find out how much you can afford to pay each monthStep #3: Make your payments a priorityStep #4: Consider a balance transfer cardHow to get out of&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/creditcards\/\" rel=\"category tag\">Credit Cards<\/a>","author_info_v2":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num_v2":"0 comments","jetpack_featured_media_url":"https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Credit-card-debt.jpg","_links":{"self":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/comments?post=812"}],"version-history":[{"count":26,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/812\/revisions"}],"predecessor-version":[{"id":5921,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/812\/revisions\/5921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media\/813"}],"wp:attachment":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media?parent=812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/categories?post=812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/tags?post=812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}