One of the first things experts recommend if you want to build wealth is to eliminate all forms of bad debt. Credit card debt is one of the worst forms of bad debt as it typically carries extremely high interest rates. This debt can grow exponentially, and you have the potential to owe multiple times the original borrowed amount within just a few years. Your credit rating is also affected which has negative knock on consequences. So if you have any bad debt, prioritize your finances to pay it off as quickly as possible. Here are 7 effective strategies to tackle credit card debts. This article was written by a Financial Horse Contributor. Rise in Credit Card Debt in Singapore According to the latest figures, credit card debt is rising in Singapore. Besides credit card debt, car loans have also contributed to the rise in personal loans. According to the general manager of Credit Counselling Singapore (CCS),...