How to get Credit Card Debt Free

FinancialFreedom6In today’s economy many people have lost their jobs, and many have struggled to pay bills, which often ends up adding more debt to their pile. Trying to get debt-free can be a hassle, it can cause headaches and arguments in the household. You need to sit down and make a spreadsheet of all your bills and daily expenses. Then, take into account what your paycheck averages and see where you can move some money around and what you can cut down on in order to save more money.

If you have a lot of credit card debt, call your credit card companies and ask for assistance. Most credit card companies will work with you so that you can pay off your debt instead of letting it go to collections. Look at all your credit cards and see which has the higher interest, and then you can call your credit card company and ask them to lower the interest. Just explain to them that you cannot afford it and that you do not want to let it go into collections, but that you need help paying them off, and the interest is too high. Most credit card companies will lower your interest rate. Click here to learn more.

Once you make all your phone calls, see which credit card NOW has the highest interest. This is the credit card you want to pay off first. Pay all your other credit cards at the minimum requirement, and pay the highest interest rate credit card first. Throw any extra cash you have at that one credit card until the balance is paid off. Then go to the credit card with the next highest interest rate, and so on. You will soon see the debt reducing and your credit increasing.


Once you pay all your credit cards off, keep one or two credit cards open and make small purchases with them. This will keep the credit going and will help increase your credit score. Becoming debt free from credit cards is a weight lifted off your shoulders. Just remember when you want to buy those shoes in the store window for $150, if you are not planning on paying the credit card bill off when it comes in, then you are not really spending $150, you are spending $150 plus interest.

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