If you had an outstanding credit card balance of $5,000 and your issuer offered you a $200 bonus to pay off your debt in the next 6 months, would you take it?

Some credit card issuers are hoping that’s exactly what customers will do. Issuers are considering rewarding cardholders, rather than penalizing them, with these cash incentives to encourage customers to unload debt, which also decreases risk of defaults and record-high delinquencies for issuers. Sounds like good news for cardholders and issuers alike. <

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This is part two to a series on credit cards and where our country is heading when it comes to credit card debt. In the previous post in this series we talked about some of the statistics in the credit industry and how to interpret them to get an idea of where we stand financially.

Let’s look at some more of these numbers now.

Only 29 percent of households owe $1,000 or more dollars on their credit cards. Approximately 21 percent owe $2,000 dollars or more, 6 percent owe $8,000 dollars or more, 4 percent owe $10,500 or more, and only 1 percent of households in the United States owes $21,400 or more.

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CAMBODIA/THAILAND

UNESCO finds compromise on Preah Vihear temple issue

Photo by Michael Sam, TerkEarth

By Luc Citrinot, etn | Jul 30, 2010

It is a rather sad story for Preah Vihear temple, a 11° century jewel of Angkor architecture which unfortunately lies on a tip of a promontory just on the border line between Cambodia and Thailand. For decades, the temple has been the witness of a war of words, skirmishes and even sporadic fights between Cambodian and Thai troops due to territorial claims.

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Most people who have come out of debt will tell you that debt management can help you get out of debt quick and stay out of debt. There are many ways you can get out of debt and while some people prefer one way others prefer another. The key to getting out of debt fast is to choose two or three methods and stick to them. The following paragraphs will elaborate on three debt management tips that can help anyone get out of debts. 

Use Cash Instead Of Frequently Using Your Credit Cards 

There are many advantages of paying cash instead of using credit cards. T

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