Help Me Get Out of Credit Card Debt
If you’re above your head in credit card debt, you are not alone. Trillions of Americans, just like you are screaming at the top of their lungs to “Help Me Get Out of Credit Card Debt”. Well, in this article, I will provide you with tips on consolidating and managing your credit card debt. Let’s begin.
Understand the dangers of credit cards. Some of you may think credit cards are free money but they are not. In fact, credit card debt charges interest rates. In many instances, the interest rates are higher than 20% and if you have poor credit you could pay even more.
Use cash. Stop using credit cards and use cash as much as possible. Cash not only forces you to pay attention to the money you actually spend but it also ensures that you don’t go further and further into debt.
Consider consolidating your cards. When you consolidate your credit cards debt, you take the exisitng debt on various credit cards and move them to a single credit card or couple of cards. In essence, you take the higher interest rate card and move the balance toa lower interest one. Not only does this lead to a lower credit card payment but it also leads to less frustation and stress.
Converse with yoru creditors. Whatever you do, dont’ hide from your creditorsbecause they are like loan sharks and will find you. Instead, call them andsee if you can work out better terms. For instance, you may be able to get a lower interest rate or settle the balance. Just don’t ignore them because they are not going away.
In conlusion, stop shouting, “Help Me Get Out of Credit Card Debt” and do something to improve your situation now. By dong this, you will get in control of your debt and put yourself on the road to financial peace. Good luck!